8905 S Western Avenue Los Angeles, CA ^$ 780,000

8905 S Western Avenue

^$ 780,000

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8905 S Western Avenue

Los Angeles, CA, 90047

^$ 780,000

Studio Baths0.0 Sq 4,390

Monthly Estimate*

^$ 5,449

Listed by Imperial Real Estate

8905 S Western Avenue, Los Angeles, CA 90047 - Image 1

8905 S Western Avenue, Los Angeles, CA 90047 - Image 2

8905 S Western Avenue, Los Angeles, CA 90047 - Image 3

8905 S Western Avenue, Los Angeles, CA 90047 - Image 4

8905 S Western Avenue, Los Angeles, CA 90047 - Image 5

8905 S Western Avenue, Los Angeles, CA 90047 - Image 6

Studio

Commercial Property for sale in Los Angeles, CA

for $780,000. This 4,390 square foot building was built in 1948 on a lot size of 0.1291.

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.

Commercial Active

Price

^$ 780,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Retail

Lot Size

0.1291

Year Built

1948

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB23195550

Days on Market

214

Features

General

Zoning C2 TOC-3

Year Built 1948

Property SubType Retail

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 90th to Western

City Los Angeles

View Y/N N

Senior Community Y/N N

MLS Area C36 - Metropolitan Southwest

Lot Size Square Feet 5625.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 4

Street Name Western

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 122

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Tenant

Property Sub Type Additional Retail

Exterior

Lot Features Item01UnitAcre

Water Source Public

Lot Size Area 5625.0

Number of Buildings 1

Spa N

Building Area Total 4390.0

Lot Size Acres 0.1291

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 8905

* Excluded Features

List By

Imperial Real Estate

Broker

(310) 667-1469

Phone

Affordability Calculator

$5,449

Per Month

Monthly Principal & Interest: $5,449
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,248,228

Percent of Sale Price 188%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/19/2024	$780,000	-10.86%	Price Down
10/20/2023	$875,000		Listed Price

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8905 S Western Avenue, Los Angeles, CA, 90047 is a Commercial Property for sale at $780,000 with 4,390 sqft and a lot size of 0.1291. 8905 S Western Avenue is a studio with 0.0 baths and was built in 1948. The property's zip code is 90047 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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8905 S Western Avenue

Commercial Property for sale in Los Angeles, CA

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