6556 Western Ave, Los Angeles, CA 90047

1,925 SF | Retail Building | Los Angeles, CA 90047 | $950,000 ($494/SF)

Asking Price $950,000

Property Type: Retail
Square Feet: 1,925 SF
Price / Square Foot: $494

Listing Contacts

Oron Maher

Nicole Lu

Property Overview

Renovated in April 2020, this property consists of a ±1,925 sq.ft. building with ±200 sq.ft. of office space on a ±8,216 sq.ft. lot. Two grade level doors (20' x 10') and a gated and secure parking lot are also in place.
Auto repair tenant pays $4,000 on a month-to-month lease, giving the new owner the ability to be an owner-user or landlord with stable income. Busy auto shop has steady demand for its recession-proof services.
At only $115 per square foot of land, the property is priced to sell. Ask the listing agent about a state grant in place for site remediation. This site offers a savvy investor or developer a wide variety of options plus the ability to have an income-generating property during entitlement and development process.
The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects. No parking is required for 100% affordable projects.
Contact Nicole Lu for more information. Please do not disturb tenants.

Property Details

Class: C
Year Built: 1946
Stories: 1
Property Subtype: Vehicle Related, Service
Lot Size (sq. ft): 8,276 SF

Highlights

±1,925 SF auto repair renovated in April 2020 with ±200 SF of office space and two grade level doors (20' x 10')
The building is situated on a ±8,216 square foot lot, zoned C2-1VL-CPIO
Signalized corner building at Western and 65th is currently used as an automobile repair service shop
Month-to-month tenant in place paying $4,000/month and all utilities. Landlord is responsible for property taxes.
Leverage the flexible C2-1VL-CPIO zoning and develop a commercial property on the site
Contact Nicole Lu for More Information

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