7630 Western AveLos Angeles, CA 90047

Property Details for 7630 Western Ave

Year built

1951

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

1,125 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6018-017-009

APU

6018017009

Description

This exceptional 1,125 square foot mixed-use building in Los Angeles presents a compelling owner-user or investment opportunity. Located at 7630 Western Avenue, 90047, this property boasts a prime location near major attractions and transportation hubs, including Hollywood Park Casino and SoFi Stadium, and convenient access to the I-110 and I-105 freeways, as well as LAX (3.2 miles). Constructed in 1951, the well-maintained building sits on a 2,750 square foot lot and is zoned C2, allowing for diverse commercial uses and potential expansion or redevelopment. The asking price is $599,000, translating to $532.44 per square foot. This property offers diversified income streams from its retail and office space, making it an attractive prospect in the robust Los Angeles real estate market, characterized by strong economic growth and steady job creation. The property's strategic location and attractive demographics make it ideal for commercial real estate investment or an owner-user seeking a prime location. The Assessor's Parcel Number (APN) is 6018-017-009.

• CAP approach

  CAP return

  Valuation

  6%

  $404,187

  6.5%

  $373,096

  7%

  $346,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,592

  Geo Method

  $331,592

• Alternative Use

  Use

  Valuation

  Residential

  $373,096

  Hospitality

  $341,754

  Educational

  $284,335

  Medical

  $294,114

  Retail

  $442,299

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.97

Longitude

-118.309

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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