8905 Western Ave Los Angeles, CA 90047

This exceptional Los Angeles retail property, located at 8905 S Western Ave, presents a compelling value-add investment opportunity. The 4,390 square foot building, constructed in 1948, features four units: three retail spaces and a one-bedroom residential unit. All units are currently operating at 100% occupancy with month-to-month leases, offering significant upside potential as rents are 50% below market rates. The property boasts a desirable location on Western Avenue, enjoying over 30,000 vehicles of daily traffic and a prominent 50-foot frontage. A gated lot provides secure on-site parking and roll-up doors for convenient access. The property sits on a 5,625 square foot lot and is zoned C2 TOC Tier 2, presenting potential for redevelopment. With a pro-forma NOI of $61,450 and a pro-forma cap rate of 7.88%, this asset offers strong cash flow and significant appreciation potential. Its proximity to major freeways (110, 105, and 10) and landmarks like SoFi Stadium, Kia Forum, and LAX enhances its appeal. The asking price is $780,000, translating to $177.68 per square foot. This is a fee simple ownership opportunity, suitable for a 1031 exchange.