Corner Assemblage in South Los
For Sale
Contact for pricing
9600 S Western Ave, Los Angeles, CA 90047
Three-parcel corner assemblage with income potential in South Los Angeles.
Property Size8,127 SF
Lot Size0.56 Acres
Price / SF$233.17
Days on Market162
Property Features for 9600 S Western Ave
General Information
Standard status
Active
Size
8,127 SF
Lot size
0.56 Acres
Property subtype
Land, Retail
Zoning
C2-1VL-CPIO (TOC) Tier 2
Building Details
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Maher Commercial Realty
(310) 464-1453
Listed By:
Nicole Lu · License #CA 02045957
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 13 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maher Commercial Realty
Investment Insights
Based on property information with market context.
Located at the southeast corner of S. Western Avenue and W. 96th Street in South Los Angeles, the property at 9600–9616 S. Western Avenue is a three-parcel corner assemblage totaling approximately 24,551 square feet (0.56 acres). The existing improvements total approximately 8,127 square feet across two structures: a 6,195 square foot licensed preschool campus and a 1,932 square foot church sanctuary. The assemblage includes a vacant land parcel, offering near-term income potential from commercial uses. The site is zoned C2-1VL-CPIO and located within a Transit Oriented Communities (TOC) Tier 2 designation, enabling 98 residential units by right under TOC and over 100 units under Executive Directive 1 (ED1) with no public hearing required. The location benefits from high visibility with 24,000 vehicles per day and a dense population of 372,000 residents within three miles. The Western Avenue corridor is attracting new multifamily and mixed-use investment. The zoning is already in place. ED1, AB 2011, and SB 35 all provide by-right or ministerial approval pathways to 100+ units without discretionary review or public hearing.
Key Highlights
- TOC Tier 2 designation allows for significant residential development (98 units by right, over 100 under ED1) with no public hearing required.
- Existing improvements include a licensed preschool campus and church sanctuary, providing immediate income streams.
- Pro forma cap rate of approximately 6.97% based on estimated $146,434 annual net operating income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Three-parcel corner assemblage with income potential in South Los Angeles.
Where is this commercial land located?
The property is located at 9600 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: TOC Tier 2 designation allows for significant residential development (98 units by right, over 100 under ED1) with no public hearing required.; Existing improvements include a licensed preschool campus and church sanctuary, providing immediate income streams.; Pro forma cap rate of approximately 6.97% based on estimated $146,434 annual net operating income.
