8210-8212 S Western Ave - Storefront Retail/Office FOR SALE


Los Angeles, CA 90047
$3,500,000 USD
310-300-2838
8210-8212 S Western Ave, Los Angeles, CA for Sale
$3,500,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate

8210-8212 S Western Ave
Los Angeles, CA 90047


HIGHLIGHTS

  • Attractive Price Per Buildable Unit: $39,326 / Buildable Unit
  • TOC Tier 1 | 50% Density Bonus and FAR increase to 2.75:1
  • 58 Buildable Units by Right | 89 Buildable Units with TOC Incentives
  • $149.36 Per SF of Lot | $54.31 Per Buildable SF
  • Approximately 64,444 Buildable SF

OVERVIEW

8212 S. Western Avenue is located on the Northeast corner of W 83rd Street and S. Western Avenue. The subject property boasts roughly 23,434 SF of land zoned C2-1VL-CPIO on a hard corner. 8212 S. Western Avenue allows a developer the opportunity to build 58 units by right or 89 units exercising the TOC Tier 1 incentives which includes a 50% density bonus and an FAR increase of 2.75:1, totaling approximately 64,444 SF of buildable SF with only 8 units being designated to extremely low income, for less than $40,000 per buildable unit! 8212 S. Western Avenue is just blocks away from the well-known intersection of Manchester Avenue and S. Western Avenue. The submarket is gentrifying rapidly, recognized by the national tenants surrounding the subject property, such as Ralphs, O’Reilly Auto Parts, WSS Shoe Store, Taco Bell, Jiffy Lube, McDonald’s, KFC, Chase Bank, Domino’s Pizza, Smart & Final, and Wells Fargo to name a few.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$690 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

89-Unit Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,434 SF

ZONING

LAC2

APN/PARCEL ID

6034-016-004,6034-016-027,6034-016-029

ASK ABOUT THIS PROPERTY

Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

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Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

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