870 Western AveLos Angeles, CA 90029

This exceptional 4,594 square foot retail property, located at 870 N Western Ave, Los Angeles, CA 90029, presents a compelling investment opportunity. Situated on a 9,044 square foot corner lot, this 1979-built building boasts five bays, each averaging 918 square feet, currently 100% occupied by three tenants on month-to-month leases at below-market rates, generating a total monthly income of $11,600. The property features two curb cuts (30ft and 24ft) providing convenient access, a gated yard, and five ground-level loading doors. The building offers a 13.5-foot clearance height. Zoned C4-1D, this property benefits from its strategic location near major freeways (101 and 10), downtown Los Angeles, and public transportation. The current NOI is $101,713.76, with a pro-forma NOI of $133,150.34, resulting in a 4.42% cap rate and a pro-forma cap rate of 5.79%. The asking price is $2,300,000 ($500/sq ft). The property's location in the thriving East Hollywood neighborhood offers significant potential for value appreciation. The high daily traffic count of 41,940 further enhances its desirability. This is a rare opportunity to acquire a value-add automotive center with significant upside potential through lease adjustments. Owner-users can also leverage SBA financing opportunities.