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    Property profile & analytics
    OFF-MARKET Estimated value $945,000
    Retail space

    8852 Western Ave, Los Angeles, CA 90047-3328

    4,500 SF 0.14 ac lot Built 1947
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US10-0486531
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a 4,500 square foot, multi-tenant convenience store complex in Los Angeles, CA. Located at 8852 S Western Ave, 90047, this C-Class property sits on a 6,001 square foot lot and boasts a 100% occupancy rate across its four units, each approximately 1,125 square feet. The property features individual bathrooms with showers in each unit, dual access points (front and alley), and six off-alley parking spaces. Built in 1947, the building benefits from a recently replaced roof (within the last two years). The property is zoned C2, offering significant redevelopment potential. Its prime location near Bank of America, Superior Market, and less than a mile from SoFi Stadium and Hollywood Park ensures high visibility and consistent foot traffic. The current tenants operate on a month-to-month lease basis. The asking price is $999,000, translating to $222 per square foot and $166 per square foot for land value. This is a perfect opportunity for an owner-user seeking a high-return investment in a bustling Los Angeles neighborhood. The adjacent building is also available for purchase. APN: 6073-024-052. Suitable for a 1031 exchange.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1947
    Construction WOOD
    Total area 4,500 SF
    Lot 0.14 ac (6,001 SF)
    Zoning code LAC2
    APN 6037-024-052
    UPID US10-0486531
    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
    Current use
    Occupant on record · Public records
    • Last Stop Lab Screen Printing Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.27M
    Blend (final) Blend
    $945k
    Owner & transaction history
    K & M Luxor Corp INC · 7 yrs held
    K & M Luxor Corp INC
    since 2019
    7 recorded transactions
    2019
    $922,000
    2018
    $265,000
    2018
    2017
    2015
    2012
    2012
    $1.3M
    Zoning & alternative use
    LAC2 · Los Angeles, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $1.3M +7.5%
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