$177.68 Per Sq Foot $4,187 est/mo Sourced by Back At You

8905 S Western Avenue,Los Angeles, CA 90047

Los Angeles CA, 90047

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Description

Amazing opportunity for an owner user, investor or developer to acquire a mixed use property in South Los Angeles with three retail units and a one bedroom residential unit upstairs, all on month-to-month terms with separate gas and electric meters. The property has a gated lot with secure on-site parking & roll up doors, high ceilings, and fifty feet of frontage on Western Avenue with over 30,000 vehicle daily traffic, presenting a perfect opportunity for an owner-user or investor. Rents are currently 50% below market, presenting significant upside. Alternatively, the Tier 2 TOC designation also presents an opportunity for a developer to take advantage of density bonuses to repurpose the C2 lot as affordable housing. Less than 2 miles to SoFi Stadium and the Kia Forum, and 6 miles from LAX, this centrally located asset provides consumers and tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways.

Details

MLS#SB23195550
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1948
Days On Site217
Listing Provided ByImperial Real Estate 310-667-1469 | Mark Ehlers

Features

SQ Feet4,390
Story(s)2
Building(s)1
ZoningC2 TOC-3
Acreage0.13

Market Activity 90047

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 4 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90047
AreaC36 Metropolitan Southwest
Listing VS Median (in 90047)
Price:
$780,000
low | high
Med:
$745,000
54.487179487179% of Average
SqFt:
4,390
low | high
Med:
1,438
100% of Average
$ / SqFt:
$178
low | high
Med:
$518
100% of Average
On Site:
217
low | high
Med:
29.000000
100% of Average
Sourced by Back At You
Listing Updated: February 27, 2024 at 6:30:05 AM PST