Property profile

7400 S Western Ave Los Angeles, CA 90047

FOR LEASE
Auto shops
Property ID
US10-0459719
1,564 SF 0.13 ac lot Built 1934
Trust Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Hyde Park retail property, located at 7400 S Western Ave (cross street 74th), offers a prime opportunity for businesses seeking high visibility and convenient access. The single-story, Class B building totals 2,000 square feet, with available spaces ranging from 400 to 700 square feet minimum. Currently configured as a smog station and auto repair shop, the space includes all existing build-outs and equipment. The C2 zoning allows for a wide variety of uses, making it ideal for adaptable businesses. Situated on a major thoroughfare with excellent signage opportunities and high traffic counts, this location benefits from proximity to major retailers like Home Depot and convenient public transportation access. The property is just one block south of Florence Avenue on Western Avenue, and only two miles from a significant new development project encompassing a new RAMS stadium, 3,000 residential units, 680,000 square feet of retail space, a luxury hotel, the Hollywood Park Casino, and a man-made lake. The property features 110-220 power. Taxes are $0 per square foot. Don't miss this chance to establish your business in a thriving and rapidly developing area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1934
Total area 1,564 SF
Lot 0.13 ac (5,509 SF)
Zoning code LAC2
APN 6018-016-001
UPID US10-0459719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sustainability Organization
  • Auto Repair Shop
  • Interior Design Auto Repair Shop

Location

7400 S Western Ave Los Angeles, CA 90047
Los Angeles metro Census 237900 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2016
$940,000
2016
Price N/A
2012
Price N/A
2002
Price N/A
1989
$180,000
1969
Price N/A

Zoning & alternative use

LAC2 · Los Angeles, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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