8856 Western AveLos Angeles, CA 90047

This exceptional Los Angeles investment opportunity encompasses three buildings totaling 11,644 square feet on a 19,004 square foot lot. Situated in a high-traffic area approximately one mile from SoFi Stadium and Hollywood Park, this property offers significant potential. The buildings, constructed in 1947, feature a mix of retail and special purpose space, currently operating at 50% occupancy with a projected occupancy date of March 28, 2025. The property includes 15 parking spaces and alley access. The flexible layout allows for various uses, including a fully owner-occupied scenario, a combination of owner-use and leasing income, or a purely investment-focused approach. Two of the three buildings offer living quarters on the second floor, complete with bath and shower facilities, along with additional second-floor storage. The property is zoned C-2 and features a land value of $169 per square foot. This is a credit-rated, multi-tenant property with a single tenant currently in place. The asking price is $3,043,000.