8210-8212 Western Ave, Los Angeles, CA 90047
5,070 SF | 100% Leased | Retail Building | Los Angeles, CA 90047 | $3,500,000 ($690/SF)
For Sale
Active
8 pictures
Asking Price $3,500,000
- Property Type
-
Retail
- Square Feet
- 5,070 SF
- Price / Square Foot
- $690
Listing Contacts
Daniel Hirth
Alex Reyhan
Property Overview
8212 S. Western Avenue is located on the Northeast corner of W 83rd Street and S. Western Avenue. The subject property boasts roughly 23,434 SF of land zoned C2-1VL-CPIO on a hard corner. 8212 S. Western Avenue allows a developer the opportunity to build 58 units by right or 89 units exercising the TOC Tier 1 incentives which includes a 50% density bonus and an FAR increase of 2.75:1, totaling approximately 64,444 SF of buildable SF with only 8 units being designated to extremely low income, for less than $40,000 per buildable unit!
8212 S. Western Avenue is just blocks away from the well-known intersection of Manchester Avenue and S. Western Avenue. The submarket is gentrifying rapidly, recognized by the national tenants surrounding the subject property, such as Ralphs, O’Reilly Auto Parts, WSS Shoe Store, Taco Bell, Jiffy Lube, McDonald’s, KFC, Chase Bank, Domino’s Pizza, Smart & Final, and Wells Fargo to name a few.
8212 S. Western Avenue is just blocks away from the well-known intersection of Manchester Avenue and S. Western Avenue. The submarket is gentrifying rapidly, recognized by the national tenants surrounding the subject property, such as Ralphs, O’Reilly Auto Parts, WSS Shoe Store, Taco Bell, Jiffy Lube, McDonald’s, KFC, Chase Bank, Domino’s Pizza, Smart & Final, and Wells Fargo to name a few.
Property Details
- Class
- C
- Year Built
- 1954
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Storefront
- Lot Size (sq. ft)
- 23,522 SF
Highlights
- Attractive Price Per Buildable Unit: $39,326 / Buildable Unit
- TOC Tier 1 | 50% Density Bonus and FAR increase to 2.75:1
- 58 Buildable Units by Right | 89 Buildable Units with TOC Incentives
- $149.36 Per SF of Lot | $54.31 Per Buildable SF
- Approximately 64,444 Buildable SF
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