Listed By:
Mark Ehlers with Imperial Real Estate; 310-667-1469
Address
8905 S Western Avenue, Los Angeles, CA
Price
$ 780,000
Property Attributes
  • MLS#SB23195550
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan Southwest
  • Zip90047
  • StyleRetail
  • Price$ 780,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4390
  • Lot Size5,624 SqFt
Data Source:
California Regional MLS (CRMLS)
Property 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.

Price History
10/20/2023 Listed $875,000
2/19/2024 11% - $780,000

General Features

Zoning C2 TOC-3
Year Built 1948
Property SubType Retail
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 90th to Western
City Los Angeles
View Y/N No
Senior Community Y/N No
MLS Area C36 - Metropolitan Southwest
Lot Size Square Feet 5625.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 4
Street Name Western
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 122
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional Retail
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N No
LivingAreaSource Assessor

Exterior Features

Lot Features Item01UnitAcre
Water Source Public
Lot Size Area 5625.0
Number of Buildings 1
Spa No
Building Area Total 4390.0
Lot Size Acres 0.1291
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

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 90047

Price
AVG $1.01M
$780K
Visits
AVG 80
100
Data Provided by Inside Real Estate®
Year Built
AVG 1946
1948