United StatesCaliforniaLos AngelesGramercy Park8905 South Western Avenue

8905 South Western Avenue 8905 South Western Avenue Los Angeles, California 90047 United States

$735,000
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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...

Imperial Real Estate

Listing Courtesy of Imperial Real Estate, Email/Phone : mark@imperialrealestate.com
526 m²
Exterior
Commercial
Property type
1948
Year Built
SB23195550
Web Id
SB23195550
MLS ID
Los Angeles Unified
School District
583
days ago

About 8905 South Western Avenue

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.

Listing Courtesy of Imperial Real Estate, Email/Phone : mark@imperialrealestate.com

PROPERTY INFORMATION

Water
Public

EXTERIOR

Lot Description
ZeroToOneUnitAcre
Listing Courtesy of Imperial Real Estate, Email/Phone : mark@imperialrealestate.com

Imperial Real Estate

Listing Courtesy of Imperial Real Estate, Email/Phone : mark@imperialrealestate.com
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