8905 S Western Avenue, Los Angeles, CA, US, 90047
8905 S Western Avenue, Los Angeles, CA, US, 90047Basics
- Date added: Added 3 days ago
- Category: CommercialSale
- Type: Retail
- Status: Active
- Floors: 2
- Lot size: 5625, 5625 sq ft
- Year built: 1948
- Zoning: C2 TOC-3
- County: Los Angeles
- MLS ID: SB23195550
Description
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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.
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Location
- Directions: 90th to Western
- Lot Size Acres: 0.1291 acres
Building Details
- Water Source: Public
- Lot Features: ZeroToOneUnitAcre
- Building Area Units: SquareFeet
- Number Of Buildings: 1
Amenities & Features
- Laundry Features: None
Miscellaneous
- List Office Name: Imperial Real Estate
- Common Interest: None
- Attribution Contact: mark@imperialrealestate.com