For Sale
$650,000

4922 Central AveLos Angeles, CA 90011

Vacant 1,049 SF QSR, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity presents a vacant 1,049 square foot Quick Service Restaurant (QSR) building situated on a 5,401 square foot lot in Los Angeles, CA. Located at 4922 S Central Ave, 90011, this property boasts a high-traffic location near major freeways and Downtown Los Angeles, offering excellent visibility and accessibility. The building, constructed in 1940, is classified as Class C and features a single story. Currently vacant, it presents a blank canvas for a new QSR concept. The permitted zoning is Retail Mixed Use, allowing for versatile development options. Preliminary plans for a drive-through coffee bar with outdoor seating are nearly complete, streamlining the permitting process. The asking price is $650,000, translating to $619.64 per square foot and $120 per square foot for the land. This property is ideal for investors seeking a 1031 exchange opportunity. The property's location, combined with the existing plans, makes this a compelling investment prospect with significant potential for high returns. The APN is 5107-026-015.

Highlights

  • $650,000 asking price for a vacant 1,049 SF retail building.
  • Located in Los Angeles, CA at 4922 S Central Ave, 90011.
  • Property is a 1-story, 1,049 SF QSR/Fast Food building on a 5,401 SF lot.
  • Class C building built in 1940, zoned for Retail Mixed Use.
  • Land value is $120/SF; redevelopment opportunity with almost completed plans for a drive-thru coffee bar.
  • Broker co-op available; 1031 exchange eligible.

Property Details for 4922 Central Ave

Property type
Retail properties
Square Feet
1,049 SF
Class
C
Year Built
1940
Buildings
1
Stories
1
Units
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9981549
Longitude
-118.256129
4922 Central Ave, Los Angeles, California

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4922 Central Ave
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