Property Lookup
8600 Central Ave Los Angeles, CA 90002-1124
- Retail space
- 4,688 SF
- 0.29 lot acres
Current Use by Public Records
- 7-Eleven / Grocery & Convenience Store
- Family Insurance Sales LLC / Insurance Agency
- Western Union / Bank / Credit Union
- Amazon Locker - Terger / Postal Service / Courier Service
Property Details for 8600 Central Ave
- Year built
- 2012
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.29 lot acres
- Property size
- 4,688 SF
- Zone code
- LACM
- Property type
- Retail space
- APN
- 6043-001-027
- APU
- 6043001027
Description
This 1,200 square foot retail space is located in Los Angeles County at the signalized corner of South Central Avenue and Manchester Avenue. The property is situated within a 7-Eleven anchored center and benefits from excellent street exposure and signage opportunities. The building itself is well-maintained and boasts ample parking, a significant advantage in this high-traffic area. The space was previously occupied by a Subway restaurant, and food use is approved. This prime location offers exceptional visibility and accessibility, with a daily traffic count exceeding 57,000 vehicles. The surrounding area demonstrates strong demographics, with a population of 60,000 within a one-mile radius and an average household income of $58,000. This single-tenant space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a bustling commercial area. The property is currently vacant and ready for immediate occupancy. All utilities are available. The property is a well-maintained structure with excellent curb appeal.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,815,000
- 6.5%
- $1,675,000
- 7%
- $1,555,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,925,000 Current use
- OFFICE BUILDING
- $2,355,000 Change: +22% Conversion: Easy
- MEDICAL BUILDING
- $2,135,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,985,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.256
- Latitude
- 33.9599
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA