Listed By:
Jonathan Tran with Keller Williams Beverly Hills;
Address
5400 S Broadway, Los Angeles, CA
Price
$ 999,000
Property Attributes
  • MLS#23325229
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90037
  • Style
  • Price$ 999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2326
  • Lot Size6,525 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

REDUCED! We are proud to exclusively present for sale a free-standing Retail Property with Development Potential, perfect for owner-user, investor, or developer! This prime retail property is situated on a signalized corner on Broadway at 54th Street. The property benefits from tremendous visibility, featuring 50 feet of frontage on Broadway and 130 feet on 54th St. The property is currently owner-occupied and will be delivered vacant at the close of escrow. The property is currently operating as a Marijuana Dispensary. The site is perfectly suited for an Owner-User and seems well situated for the possibility of housing a Marijuana Dispensary or other Marijuana Use. The property's generous parking provisions is comprised of 9 side-by-side parking spaces, (including one accessible space) as well as a tandem space that can accommodate up to 3 vehicles. The owner has invested in significant capital improvements as the property has undergone thoughtful updates over the years, including the installation of newer windows, electrical system enhancements, and a completely paid-off Solar Panel System. The C2-1VL- CPIO Tier 2 zoning designation and is ED1 Eligible allows for potential development of up to 28 +/- Units, which would translate to just around $36K per door, making the site perfect for Low Income Housing. The property has easy access to the 110 freeway, a Very Walkable designation by Walk Score and lots of restaurants and retail in the area. The building features roll-down doors, protected windows and gated parking, ensuring both safety and convenience for its future occupants.

Price History
10/26/2023 Listed $1,250,000
2/29/2024 21% - $999,000

General Features

Roof Other
Zoning C2-1VL-CPIO Tier 2
HOA 0.0
Year Built 1935
County Los Angeles
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions East of 110 Fwy,North of Slauson Ave. Situated on a signalized corner on Broadway & 54th Street
City Los Angeles
View Y/N No
Senior Community Y/N No
Open Parking Spaces 9.0
Total Units 1
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6527.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Broadway
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 127
Standard Status Active
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Electric On Property Y/N No

Exterior Features

Total Parking 9.0
Lot Size Area 6527.0
Number of Buildings 1
Spa No
Building Area Total 2326.0
Lot Dimensions 50x130
Lot Size Acres 0.1498
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90037

Price
AVG $4.46M
$1,000K
Visits
AVG 92
144
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1935