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2825-2829 S. Western Ave.

Los Angeles , California 90018

Listing Type:
For Sale
Listing Price:
$1,195,000.00
Property Type:
Retail
Property Subtype:
Street Retail
Year Built:
1929
Listing Status:
Active
Building Size:
2500 SqFt
Land Area:
0.14 Acres

Description:

The property consist of a 2,500 SF retail building on 6,229 SF signalized corner lot. The lot is zoned LA-C2 with a TOC Tier 2 Designation per zimas. The Tier 2 designation allows for higher density and lower parking requirements. (Please contact the City of Los Angeles for additional information) Per initial review, you have the ability to construct 16 units by right with an additional 10 units due to the TOC Tier 2 designation totaling 26 units. (Buyer to do their own Due Diligence)
The retail building is currently occupied by a church & hair salon. Both tenants are on a month to month tenancy.
The site has great frontage with 50 feet along Western Ave. & 125 feet along 29th St. This intersection provides good car traffic count, with over 30,000 cars per day.
This site provides an excellent opportunity for an owner/user, an investor with tenant(s) in mind or a developer looking for a corner lot in an up and coming neighborhood of Los Angeles.
CURRENTLY OCCUPIED BY 2,500 SF RETAIL BUILDING.
C2 ZONED WITH A TOC TIER 2 DESIGNATION (per zimas)
LESS THAN 2 MILES FROM USC!
LOCATED AT THE SIGNALIZED INTERSECTION OF WESTERN AVE. & 29TH ST.
EXCELLENT FREEWAY ACCESS; JUST SOUTH OF THE 10 FREEWAY.
GREAT CAR TRAFFIC COUNTS: APPROXIMATELY 30,000 CARS PER DAY ALONG WESTERN AVE.
EXCELLENT OPPORTUNITY FOR AN OWNER/USER, AN INVESTOR WITH TENANT(S) IN MIND OR A DEVELOPER.
OUTSTANDING DEMOGRAPHICS; OVER 50,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 550,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

Presented by:

David  Yashar

Director

(310) 724-8043

(310) 710-5626

Click here to email

Listed by:

Keller Williams Realty Westside

L.A. Westside

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