For Sale
$10,750,000

21725 Erwin St Los Angeles, CA 91367

High-Return Retail Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 20,600 square foot storefront, located at 21725 Erwin St, Los Angeles, CA 91367, presents a unique redevelopment opportunity in the thriving Warner Center. Built in 1978 and extensively renovated in 2023, this single-tenant property sits on a 0.91-acre lot and is zoned LAWC. The asking price is $10,750,000, translating to $521.84 per square foot. Its prime location within Warner Center's designated downtown district, as outlined in the Warner Center 2035 plan, offers unparalleled access to amenities. Proximity to Westfield Village and the upcoming Los Angeles Rams mixed-use development, including their new practice facilities, ensures high visibility and significant foot traffic. This owner/user investment is ideal for businesses seeking a prominent presence in a rapidly growing area, capitalizing on the substantial future development and increased population density. The property's recent renovation minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is a rare chance to acquire a substantial retail space in a strategically advantageous location poised for continued appreciation.

Property Details for 21725 Erwin St

Property type
Retail properties, Retail space
Square Feet
20,600 SF
Year Built/Renovated
1978/2023
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1833971
Longitude
-118.6023197

FAQs

What type of property is this?
Retail property - High-Return Retail Redevelopment Opportunity
Where is the retail property located?
The property is located at 21725 Erwin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $10,750,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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21725 Erwin St
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