6556 Western AveLos Angeles, CA 90047
- Retail properties
- 1,925 SF
Property Details for 6556 Western Ave
- Year built
- 1946
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.19 AC
- Property size (Sq ft)
- 1,925 SF
- Zone code
- LAC2
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 6015-012-001
- APU
- 6015012001
Description
This exceptional 8,216 square foot corner lot in Los Angeles (APN 6015-012-001), zoned C2-1VL-CPIO, presents a unique investment opportunity. Currently improved with a ±1,925 square foot building including ±1,200 square feet of office space, the property generates a stable monthly income of $4,000 from a month-to-month lease with an auto repair tenant. Two 20' x 10' grade-level doors and a secure gated parking lot are existing features. Priced at $950,000, or approximately $115 per square foot, this property offers significant potential for owner-users or landlords seeking a recession-proof investment. A state grant for site remediation is available. The City of Los Angeles's streamlined permitting process for 100% affordable housing projects presents additional development options, eliminating parking requirements for such projects. This property is located at 6556 South Western Ave, Los Angeles, CA 90047. Please do not disturb tenants.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9796
- Longitude
- -118.309
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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