8759 Sepulveda BlvdLos Angeles, CA 91343

This exceptional 9,123 square foot freestanding retail building in Los Angeles, CA, presents a unique investment opportunity. Situated on a 0.84-acre lot with C2-1 zoning, this property boasts 61 parking spaces (6.69 per 1,000 sq ft) and excellent visibility on Sepulveda Boulevard, a high-traffic thoroughfare with over 33,000 vehicles daily. Built in 1966 and renovated in 2009, the building is currently vacant, offering immediate occupancy for an owner-user or tenant. Its versatile zoning allows for a wide range of uses, including those requiring ample parking. The property's location offers significant development potential, with by-right development allowing for approximately 91 buildable units, and up to 157 units with Tier 3 TOC incentives. Additional development incentives may apply. The property is strategically located near new apartment developments and major retailers, including McDonald's, KFC, Walgreens, and Vallarta Supermarket. A Phase I environmental report, conducted in July 2024, reported no further action needed. The asking price is $3,999,000 ($438.34/sq ft). The property is conveniently located near the 405 and 118/5 freeway junction, offering easy freeway access. The surrounding area boasts a dense, affluent population with high average household incomes.