7223 Western AveLos Angeles, CA 90047

Property Details for 7223 Western Ave

Year built

1970

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

6,797 SF

Zone code

LAC2

Property type

Community centers

APN

6017-001-032

APU

6017001032

Description

This exceptional retail property at 7223 S Western Ave in Los Angeles, CA 90047, offers a fantastic opportunity for multiple businesses. Located in Los Angeles County, this property boasts a total of 3,664 square feet, with 3,152 square feet currently vacant and available for lease. The space is zoned LA C2, making it ideal for a variety of retail uses. Units range from a minimum of 512 square feet to a maximum contiguous space of 1,130 square feet, providing flexibility for different business needs. The property features a convenient store subtype and multiple tenancies, creating a vibrant and bustling environment. Ample parking is available with a total of 29,691 parking spaces, ensuring convenient access for customers and employees. This high-traffic location presents a unique opportunity to establish or expand your retail business in a thriving Los Angeles neighborhood. The property's strategic location and substantial available space make it an attractive investment for discerning entrepreneurs. Don't miss this chance to secure your place in this dynamic commercial setting. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,324,550

  6.5%

  $2,145,740

  7%

  $1,992,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,344,220

  Geo Method

  $1,344,220

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,263,580

  Mixed-Use / Specialty

  $2,106,090

  Hospitality / Lodging

  $1,503,520

  Office

  $2,060,260

  Institutional / Educational

  $2,178,050

  Residential Income

  $2,548,320

  Multifamily

  $3,233,700

  Automotive / Energy

  $1,866,900

  Parking / Income-Based Land

  $675,856

  Restaurant / Food Service

  $1,027,110

  Healthcare / Senior Housing

  $2,192,570

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9739

Longitude

-118.309

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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