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.
SB23195550
Retail, Business Opportunities, 2 Story
Los Angeles
1948
0.1291
Acres
Public
2
4,390
Sq. Ft.
1 Total
Detailed Room Information
- Laundry
- None
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- C2 TOC-3
- Additional Exterior/Lot Features
- 0-1 Unit/Acre.
Financial Considerations
6036017002
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