8905 Western Ave Los Angeles, CA 90047
- Investment properties
- 4,390 SF
- 0.13 lot acres
Current Use by Public Records
- Investment properties
Property Details for 8905 Western Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 4,390 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 6036-017-002
- APU
- 6036017002
Description
This exceptional Los Angeles retail property, located at 8905 S Western Ave, presents a compelling value-add investment opportunity. The 4,390 square foot building, constructed in 1948, features four units: three retail spaces and a one-bedroom residential unit. All units are currently operating at 100% occupancy with month-to-month leases, offering significant upside potential as rents are 50% below market rates. The property boasts a desirable location on Western Avenue, enjoying over 30,000 vehicles of daily traffic and a prominent 50-foot frontage. A gated lot provides secure on-site parking and roll-up doors for convenient access. The property sits on a 5,625 square foot lot and is zoned C2 TOC Tier 2, presenting potential for redevelopment. With a pro-forma NOI of $61,450 and a pro-forma cap rate of 7.88%, this asset offers strong cash flow and significant appreciation potential. Its proximity to major freeways (110, 105, and 10) and landmarks like SoFi Stadium, Kia Forum, and LAX enhances its appeal. The asking price is $780,000, translating to $177.68 per square foot. This is a fee simple ownership opportunity, suitable for a 1031 exchange.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.309
- Latitude
- 33.9561
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
