7220 Western AveLos Angeles, CA 90047
- Retail space
- 2,500 SF
Property Details for 7220 Western Ave
- Year built
- 1931
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 2,500 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 6018-001-005
- APU
- 6018001005
Description
This exceptional 2,500 square foot storefront, located at 7220 S Western Ave in Los Angeles, CA 90047, presents a unique investment opportunity. Priced at $525,000 ($210/sq ft), this property boasts a desirable location on a heavily trafficked north-south thoroughfare, just south of Florence Avenue and adjacent to Inglewood. Built in 1931, the building sits on a 2,755 square foot lot (APN 6018-001-005) and is zoned LA C2-2D-CPIO. Its previous use as a nightclub/bar provides a strong foundation for a variety of retail ventures. The property benefits from excellent signage and visibility, making it highly attractive to potential businesses. Its proximity to major landmarks like SoFi Stadium and Kia Forum, coupled with its convenient location 1.5 miles west of the Harbor (110) Freeway and 3 miles north of the Century (105) Freeway, ensures high foot and vehicle traffic. This bankruptcy sale offers a compelling chance to acquire a well-situated retail space in a thriving area. The property's size and location make it ideal for a variety of retail uses. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,064,794
- 6.5%
- $982,887
- 7%
- $912,680
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,198,008
- Geo Method
- $1,198,008
-
Alternative Use
- Use
- Valuation
- Residential
- $829,102
- Hospitality
- $759,453
- Educational
- $631,856
- Medical
- $653,586
- Retail
- $982,887
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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