928 Western Ave Los Angeles, CA 90029-3795
- Investment properties
- 85,441 SF
- 0.67 lot acres
Current Use by Public Records
- Art Box / Gift Shop
- Le Cards / Gift Shop
- Studio X & Postworks (USPS Unit) / Photo Restoration Service / Portrait Studio
- Bio beauty and health / Skin Care Clinic / Acupuncture Clinic
- K-TOWN DENTIST / Dental Clinic
Property Details for 928 Western Ave
- Year built
- 2013
- Construction
- WOOD
- Lot size
- 0.67 lot acres
- Property size
- 85,441 SF
- Zone code
- LARAS3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5535-020-020
- APU
- 5535020020
Description
This exceptional retail property, located at 928 N Western Ave in Los Angeles, CA 90029, offers a unique opportunity for businesses seeking a vibrant storefront location in Los Angeles County. The property boasts a total of 6,500 square feet of retail space, currently featuring multiple tenancies. Individual spaces are available, with a minimum divisible unit size of 900 square feet and a maximum contiguous space of 5,500 square feet. This allows for flexibility to accommodate a variety of business needs, from smaller boutiques to larger retail operations. The property's prime location on Western Avenue provides excellent visibility and accessibility, ensuring high foot traffic and strong brand exposure. The current vacancy totals 11,000 square feet, presenting a significant opportunity for immediate occupancy. This is an ideal location for businesses seeking a high-traffic area with strong potential for growth and success. The property is categorized as a storefront retail space and is situated within the bustling Los Angeles market. This presents a rare chance to secure a well-positioned retail space in a highly desirable area of Los Angeles County. Interested parties should inquire promptly to secure their preferred space within this exceptional retail offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,890,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,075,000
- 6.5%
- $1,970,000
- 7%
- $2,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,440,000
- Geo Method
- $2,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,225,000
- Retail
- $2,170,000
- Mixed-Use
- $2,415,000
- Hospitality
- $2,415,000
- Educational
- $2,250,000
- Residential Income
- $2,110,000
- Energy
- $2,120,000
- Income-Based Land
- $1,895,000
- Food Service
- $1,845,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.309
- Latitude
- 34.0871
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
