7400 Western AveLos Angeles, CA 90047

Property Details for 7400 Western Ave

Year built

1934

Lot size

0.13 AC

Property size (Sq ft)

1,564 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Auto shops

APN

6018-016-001

APU

6018016001

Description

This exceptional Hyde Park retail property, located at 7400 S Western Ave (cross street 74th), offers a prime opportunity for businesses seeking high visibility and convenient access. The single-story, Class B building totals 2,000 square feet, with available spaces ranging from 400 to 700 square feet minimum. Currently configured as a smog station and auto repair shop, the space includes all existing build-outs and equipment. The C2 zoning allows for a wide variety of uses, making it ideal for adaptable businesses. Situated on a major thoroughfare with excellent signage opportunities and high traffic counts, this location benefits from proximity to major retailers like Home Depot and convenient public transportation access. The property is just one block south of Florence Avenue on Western Avenue, and only two miles from a significant new development project encompassing a new RAMS stadium, 3,000 residential units, 680,000 square feet of retail space, a luxury hotel, the Hollywood Park Casino, and a man-made lake. The property features 110-220 power. Taxes are $0 per square foot. Don't miss this chance to establish your business in a thriving and rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $666,135

  6.5%

  $614,894

  7%

  $570,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,474

  Geo Method

  $749,474

• Alternative Use

  Use

  Valuation

  Residential

  $518,686

  Hospitality

  $475,114

  Educational

  $395,289

  Medical

  $408,884

  Retail

  $614,894

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9726

Longitude

-118.309

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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