870 Western Ave Los Angeles, CA 90029-3200
Property profile & analytics
870 Western Ave Los Angeles, CA 90029-3200
- Auto shops
- 4,594 SF
- 0.21 lot acres
Property ID
US09-7284601
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mini Department Store / Department Store / Grocery & Convenience Store
- Western Discount Department Store / Department Store
- Feene / Clothing & Fashion Store
- Beauty Tag / (Bike/Boat/Book/etc) Store / Cosmetic Store
- DSS Auto Repair / Auto Repair Shop
Property Details for 870 Western Ave
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.21 lot acres
- Property size
- 4,594 SF
- Zone code
- LAC4
- Property type
- Auto shops
- APN
- 5535-019-012
- APU
- 5535019012
Description
This exceptional 4,594 square foot retail property, located at 870 N Western Ave, Los Angeles, CA 90029, presents a compelling investment opportunity. Situated on a 9,044 square foot corner lot, this 1979-built building boasts five bays, each averaging 918 square feet, currently 100% occupied by three tenants on month-to-month leases at below-market rates, generating a total monthly income of $11,600. The property features two curb cuts (30ft and 24ft) providing convenient access, a gated yard, and five ground-level loading doors. The building offers a 13.5-foot clearance height. Zoned C4-1D, this property benefits from its strategic location near major freeways (101 and 10), downtown Los Angeles, and public transportation. The current NOI is $101,713.76, with a pro-forma NOI of $133,150.34, resulting in a 4.42% cap rate and a pro-forma cap rate of 5.79%. The asking price is $2,300,000 ($500/sq ft). The property's location in the thriving East Hollywood neighborhood offers significant potential for value appreciation. The high daily traffic count of 41,940 further enhances its desirability. This is a rare opportunity to acquire a value-add automotive center with significant upside potential through lease adjustments. Owner-users can also leverage SBA financing opportunities.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $375,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $706,000
Market price range: $402k - $1.13M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.309
- Latitude
- 34.086
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,555
$825,795
$160,143
$985,938
-
$0.00
$0.00
$0.00
