10826 Central AveLos Angeles, CA 90059

Property Details for 10826 Central Ave

Year built

1960

Lot size

0.29 AC

Property size (Sq ft)

2,856 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

6070-001-040

APU

6070001040

Description

This exceptional Los Angeles investment opportunity presents a ±15,278 square foot property located at 10826 S Central Ave, Los Angeles, CA 90059. The property boasts a substantial lot size of 0.35 acres and features a ±2,856 square foot building currently utilized as a market. The site offers significant potential for redevelopment, with nearly 159 feet of frontage on Central Avenue, providing excellent visibility and accessibility. The property is conveniently situated just blocks north of the 105 Freeway ramps, ensuring easy access to major transportation arteries. The property is zoned C2-2D-CPIO, offering flexibility for various commercial and potentially residential development projects. The asking price is $1,900,000, translating to a price per square foot of $124.36. The property's location within an Opportunity Zone presents additional investment incentives. The Assessor's Parcel Number (APN) is 6070-001-039 & 040. This is a rare chance to acquire a strategically located property with substantial development potential in a thriving Los Angeles market. The existing building provides immediate income potential while offering the flexibility to pursue future development plans. Don't miss this opportunity to capitalize on the growth potential of this prime Los Angeles location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,216,421

  6.5%

  $1,122,850

  7%

  $1,042,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,368,604

  Geo Method

  $1,368,604

• Alternative Use

  Use

  Valuation

  Residential

  $947,166

  Hospitality

  $867,599

  Educational

  $721,832

  Medical

  $746,657

  Retail

  $1,122,850

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9371

Longitude

-118.254

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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