928 Western AveLos Angeles, CA 90029

Property Details for 928 Western Ave

Year built

2013

Construction

WOOD

Lot size

0.67 AC

Property size (Sq ft)

85,441 SF

Zone code

LARAS3

Property type

Investment properties

Property subtype

Live-work space

APN

5535-020-020

APU

5535020020

Description

This exceptional retail property, located at 928 N Western Ave in Los Angeles, CA 90029, offers a unique opportunity for businesses seeking a vibrant storefront location in Los Angeles County. The property boasts a total of 6,500 square feet of retail space, currently featuring multiple tenancies. Individual spaces are available, with a minimum divisible unit size of 900 square feet and a maximum contiguous space of 5,500 square feet. This allows for flexibility to accommodate a variety of business needs, from smaller boutiques to larger retail operations. The property's prime location on Western Avenue provides excellent visibility and accessibility, ensuring high foot traffic and strong brand exposure. The current vacancy totals 11,000 square feet, presenting a significant opportunity for immediate occupancy. This is an ideal location for businesses seeking a high-traffic area with strong potential for growth and success. The property is categorized as a storefront retail space and is situated within the bustling Los Angeles market. This presents a rare chance to secure a well-positioned retail space in a highly desirable area of Los Angeles County. Interested parties should inquire promptly to secure their preferred space within this exceptional retail offering.

• CAP approach

  CAP return

  Valuation

  6%

  $25,201,438

  6.5%

  $23,262,866

  7%

  $21,601,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,247,461

  Geo Method

  $16,247,461

• Alternative Use

  Use

  Valuation

  Residential

  $28,845,954

  Hospitality

  $26,422,738

  Educational

  $21,983,408

  Medical

  $22,739,452

  Retail

  $34,196,412

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0871

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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