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    8659 Corbin Ave Los Angeles, CA 91306

    Sponsored
    For Lease
    $9 SF/Yr

    Former gas station, large lot, ideal for redevelopment.

    Lot size:
    18,226 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,226 square foot lot located at 8659 Corbin Avenue in Los Angeles, California, presents a unique redevelopment opportunity. Currently occupied by a single-tenant former gas station structure, this property offers significant potential for a variety of uses. Situated in Los Angeles County, zip code 91306, the property's substantial size provides ample space for creative development. The expansive lot allows for a wide range of possibilities, from commercial ventures to potential mixed-use projects. Its strategic location within Los Angeles offers excellent access to transportation networks and a thriving local economy. This is an exceptional chance to acquire a large parcel of land in a desirable area, ready for transformation into a profitable and impactful development. The property's single-tenant status simplifies the acquisition process and allows for immediate planning and execution of redevelopment strategies. The property is classified as Special Purpose and is categorized as a former gas station structure. This presents a blank canvas for a developer to envision and create a project that meets the demands of the current market. The property's location offers significant advantages for attracting tenants and customers. This is a rare opportunity to acquire a substantial property in a prime Los Angeles location.

    Property Features for 8659 Corbin Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,226 SF

    Unit(s) available at that property

    Space
    Size
    18,226 SF
    Rate per SF
    $9

    HighLights

    • 18,226 SF lot at 8659 Corbin Ave, Los Angeles, CA 91306, suitable for redevelopment.
    • Located on the SWC of Corbin Avenue & Parthenia Street with excellent signage opportunities.
    • High traffic area with strong demographics and many major tenants nearby.
    • Easy freeway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.56235393141
    Latitude
    34.228192737472

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    FAQs

    What type of property is this?
    Specialty property - Former gas station, large lot, ideal for redevelopment.
    Where is this specialty property located?
    The property is located at 8659 Corbin Ave Los Angeles, CA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 18,226 SF lot at 8659 Corbin Ave, Los Angeles, CA 91306, suitable for redevelopment.; Located on the SWC of Corbin Avenue & Parthenia Street with excellent signage opportunities.; High traffic area with strong demographics and many major tenants nearby.
    Request Owner's contact information
    8659 Corbin Ave Los Angeles, CA 91306
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    Los Angeles, CA 91306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8659 Corbin Ave Los Angeles, CA 91306
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