3725-3735 S Western Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90018
$1,500,000 USD
818-703-3735
3725-3735 S Western Ave, Los Angeles, CA for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

3725-3735 S Western Ave
Los Angeles, CA 90018


HIGHLIGHTS

  • 3 Contiguous Parcels | Signalized Corner
  • Mixed-Use Retail Storefronts/Residential | Value-Add | Major Upside In Rents
  • LA ED-1 | 100% affordable project | Build Approx. 60-65 Units
  • All Tenants Month to Month Leases | 26 Units By Right | 49 Units TOC Tier 4 Density Bonus
  • Within Minutes of USC
  • Over $3 Billion of Development Currently Underway & Recently Completed In Immediate Vicinity

OVERVIEW

Floyd Shaheen of Marcus & Millichap is pleased to present 3725-3735 S Western Ave Los Angeles, CA 90018, a three-parcel property consisting of two 1 Bed/1 Bath residential units and six retail storefronts. There is 6,297 square feet of building situated on 9,900 square feet of land, this property offers excellent visibility and strong demographics to a wide range of consumer driven retail businesses. The possibility to add-value, flexibility of tenancy, and its location in one of Los Angeles’ fastest developing neighborhoods combine to create financial upside. The large corner lot also presents an opportunity for future development through Los Angeles’ ED-1, allowing for a 100% affordable housing project of approximately 60-65 units. The property is currently occupied by five tenants, however all leases in place are on a month-to month basis, which creates the possibility of an owner/user purchasing the site through SBA financing. Within a bustling thoroughfare, 3725- 3735 S Western Ave is positioned between West Jefferson Blvd and Exposition Blvd. Zoned C2-2DO- CPIO, this property finds itself ideally positioned for a developer to build 26 units by right or take advantage of the tier 4 TOC density bonus and build 49 units. The property also presents flexibility for a value-add investor to re-tenant the property and increase rents. This burgeoning neighborhood’s infrastructure has seen an unprecedented resurgence within the last few years. The key positioning between downtown Los Angeles and Santa Monica makes this centralized location optimal for catering to a wide range of tenants. The property’s close proximity to major freeways such as the 10 and 110 freeways significantly enhances its accessibility. In recent years, the area has experienced an unprecedented surge in development and redevelopment projects. Strong public and private investment in the area has accelerated with more than $3 billion of development currently underway and recently completed. These developments include the brand new LAFC $350 million Banc of California Stadium, the $1 billon Lucas Museum of Narrative Arts, the $270 million renovation of the LA Memorial Coliseum that will host the 2028 Olympics, and the $700 million USC village.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail & Residential | $238 Price Per SF

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,900 SF

ZONING

LAC2

APN/PARCEL ID

5041-035-021,5041-035-022,5041-035-023

ASK ABOUT THIS PROPERTY

Floyd ShaheenFloyd GroupMore Info
818-703-3735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Floyd ShaheenFloyd GroupMore Info
818-703-3735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.