Wabash & Evergreen Mixed-Use Development Site 3009 Wabash Ave 3,850 SF Retail Building Los Angeles, CA 90063 $1,108,800 ($288/SF)

CAREBF Inc., Brokered by eXp Commercial Realty is pleased to present the Wabash & Evergreen Covered Land Development Opportunity, a rare value-add investment positioned for future multifamily or mixed-use redevelopment in the rapidly evolving Boyle Heights submarket. The property consists of a 3,850 SF multi-tenant retail building situated on a 9,338 SF C2 zoned lot with Tier 1 TOC incentives, allowing a developer or investor to maintain income while pursuing development plans and entitlements. The existing retail tenants operate on flexible month-to-month leases, creating an ideal scenario for a buyer seeking to control a future development site while generating interim cash flow. Located directly across from a newly constructed 55-unit residential development, the site is positioned to benefit from increasing density, population growth, and rising demand for housing and neighborhood retail.