For Sale
$1,295,000

8856 Western AveLos Angeles, CA 90047

Los Angeles Retail Space: High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail storefront, located at 8856 S Western Ave, Los Angeles, CA 90047, presents a compelling investment opportunity. The 5,032 square foot building, constructed in 1946, sits on a 6,001 square foot lot and is currently 100% occupied under a single-tenant, Absolute NNN lease with one year remaining. The property is zoned for Retail Mixed Use and boasts a prime location across from Bank of America and Superior Market, approximately one mile from SoFi Stadium and Hollywood Park. The asking price is $1,295,000, translating to $257.35 per square foot. The building features two entrances (one on Western Avenue and one from the alley), ample rear parking, and an additional 700 square foot structure currently leased to Sprint Mobile for $1,700 per month. While currently used as warehouse space with separate showrooms, the versatile layout is suitable for various warehouse/showroom businesses. The main building also includes approximately 450 square feet of living quarters with one bedroom, kitchen, and two bathrooms. This property is ideal for a 1031 exchange. The Los Angeles County Assessor's Parcel Number (APN) is 6037-024-051. The building is classified as Class B. No tenant credit rating is available.

Highlights

  • Exceptional retail storefront investment opportunity at 8856 S Western Ave, Los Angeles, CA 90047.
  • 5,032 SF building on a 6,001 SF lot, 100% occupied under a single-tenant, Absolute NNN lease with one year remaining.
  • Prime retail location across from Bank of America and Superior Market, near SoFi Stadium and Hollywood Park.
  • Asking price: $1,295,000 ($257.35/SF).
  • Features two entrances, ample rear parking, and a 700 SF structure leased to Sprint for $1,700/month.
  • Versatile layout suitable for various warehouse/showroom businesses; includes approx. 450 SF of living quarters.

Property Details for 8856 Western Ave

Property type
Retail properties, Retail space
Square Feet
5,032 SF
Class
B
Year Built
1946
Buildings
1
Stories
1
Units
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9568979
Longitude
-118.3087008
8856 Western Ave, Los Angeles, California

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8856 Western Ave
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