4376 Western AveLos Angeles, CA 90062

This two-story, 6,430 square foot shopping center in Los Angeles, CA, presents a compelling investment opportunity. Located at the high-traffic intersection of Western and Vernon Avenues, this property boasts 10 units, including four ground-floor retail spaces and six second-floor offices. Currently generating a net operating income (NOI) of $128,468, resulting in a 4.35% capitalization rate, this asset offers significant potential. The building, constructed in 1991, sits on a 9,400 square foot lot with 18 parking spaces. With 116 feet of frontage on Western Avenue and 94 feet on Vernon Avenue, this property benefits from excellent visibility and accessibility. Three units are currently vacant, presenting an opportunity to increase revenue. The property is zoned LA C2-2D-CPIO and is conveniently located 1 1/3 miles west of the Harbor (110) Freeway and 2 1/4 miles south of the Santa Monica (I-10) Freeway. The asking price is $2,950,000, translating to $458.79 per square foot. This prime retail location offers strong potential for future growth and income. The APN is 5021-024-040.