4922 Central AveLos Angeles, CA 90011
- Auto shops
- 1,049 SF
Property Details for 4922 Central Ave
- Year built
- 1940
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 1,049 SF
- Zone code
- LAC2
- Property type
- Auto shops
- APN
- 5107-026-015
- APU
- 5107026015
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $446,788
- 6.5%
- $412,419
- 7%
- $382,961
-
Comparable approach
- Method
- Valuation
- Relative Method
- $502,684
- Geo Method
- $502,684
-
Alternative Use
- Use
- Valuation
- Residential
- $347,891
- Hospitality
- $318,666
- Educational
- $265,127
- Medical
- $274,245
- Retail
- $412,419
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9982
- Longitude
- -118.256
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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