8905 S Western Avenue, Los Angeles, CA 90047

  • $735,000
  • $780,000
8905 S Western Avenue, Los Angeles, CA 90047
Active
8905 S Western Avenue, Los Angeles, CA 90047
8905 S Western Avenue, Los Angeles, CA 90047
  • $735,000
  • $780,000

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.

  • Address 8905 S Western Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90047
  • Country US

Details

Updated on February 26, 2025 at 6:28 pm
  • Property ID: SB23195550
  • Price: $735,000
  • Property Size: 4390 Square Feet
  • Land Area: 0.1291 Acres
  • Garage Size: x x
  • Year Built: 1948
  • Property Type: Retail, Commercial Sale
  • Property Status: Active

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman