8701 S Western Ave - Storefront FOR SALE


Los Angeles, CA 90047- South Central LA
$6,000,000 USD
310-658-3375
8701 S Western Ave, Los Angeles, CA for Sale
$6,000,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

8701 S Western Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Lender Short Sale - Distressed Land Opportunity - 1.9 Acres (84,115sf)
  • Block-to-Block Land Assemblage - 9 Parcels and Vacated Alley
  • 564 Feet of Linear Street Frontage - Excellent Ingress/Egress
  • Ideal Hotel/Medical Campus/Big Box Retail - Currently Entitled 160 Units Affordable Housing Site
  • 1.5 Miles Away From Sofi Stadium/Kia Forum/Intuit Dome
  • Former Bank of America Site - Motivated Lender SUBMIT ALL OFFERS

OVERVIEW

Kidder Mathews is pleased to present a former Bank of America building (6,853 SF) site which sits on 84,155 square feet. There are 8 parcels which are split by a City owned alley which the Vacation of the Alley process has already commenced. The rear 6 parcels total 43,877 Square Feet and the land square footage with the former Bank of America building sits on 40,287 square feet. The property was previously intended for a 160 unit affordable housing project which is still fully entitled. This block-to-block opportunity sits adjacent to the signalized corner of Manchester and Western avenue nestled between Ralphs and Superior Grocery stores, close to Inglewood adjacent and just 1.6 miles east of SoFi Stadium, Kia Forum, and the Intuit Dome. The property is well positioned to benefit from major events such as the 2028 Olympics, 2027 Super Bowl LXI, and the 2026 FIFA World Cup. A developer could utilize the current plans or do the following: Higher density affordable development site Commercial retail and/or hotel site. A developer could opt to split the site into multiple, smaller projects. This could enable a master developer to sell individual projects to other developers, potentially reducing their basis in the opportunity. This could also allow a developer to bring different types of projects (i.e. ED1, Senior, Special Needs, Commercial) to market with different capital structures and re-entitle the site for a different use. Motivated Lender Looking for minimal contingencies.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$1,180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lender Short Sale - 85K SF Distressed Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,155 SF

ZONING

LAC2

APN/PARCEL ID

6036-011-003,6036-011-004,6036-011-005,6036-011-006,6036-011-017,6036-011-018,6036-011-019,6036-011-033,6036-011-034

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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

Jay MartinezKidder MathewsMore Info
310-658-3375

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