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    FOR LEASE
    Medical Office Space

    7406 S Western Ave, Los Angeles, CA 90047

    2,144 SF 0.1 ac lot Built 1949
    Trust Owned 9-yr Hold Free & Clear
    Property ID
    US09-6814042
    Property summary
    AI-generated overview

    This exceptional 2,200 square foot commercial space, located at 7406 S Western Ave, Los Angeles, CA 90047, offers a versatile layout suitable for medical or traditional office uses. The property is situated in the South Los Angeles submarket, boasting excellent visibility and signage opportunities on a major thoroughfare, Western Avenue, with high traffic counts. Zoned C2, this single-tenant space allows for a variety of business types. The building offers convenient access to public transportation and is just one block south of Florence Avenue. The property includes 10 parking spaces for tenant and client convenience. This location benefits from proximity to major retailers such as Home Depot and is only two miles from a significant new development project encompassing residential units, retail space, a hotel, a casino, and a lake, promising future growth and increased foot traffic. The space is ideal for a business seeking high visibility and convenient access in a thriving South Los Angeles location. The flexible space can accommodate a range of businesses, making it an attractive opportunity for a variety of users.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1949
    Construction WOOD
    Total area 2,144 SF
    Lot 0.1 ac (4,407 SF)
    Zoning code LAC2
    APN 6018-016-003
    UPID US09-6814042
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Western Land Trust · 9 yrs held
    Western Land Trust
    since 2016
    7 recorded transactions
    2016
    2016
    $940,000
    2016
    2012
    2007
    $400,000
    2007
    $400,000
    2004
    Zoning & alternative use
    LAC2 · Los Angeles, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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