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13,821 Sf Corner Lot - 3,200 Sf Building 5001 S Western Ave 3,200 SF Retail Building Los Angeles, CA 90062 $1,895,000 ($592.19/SF)
INVESTMENT HIGHLIGHTS
- 3,200 Sf Building & 13,939 Sf Parcel Size
- Just Vernon - Corner Location with Easy Ingress/Egress on 50th Street & Western Avenue
- Development Potential: Affordable Housing, Building Expansion, Medical Conversion
- Excellent Visibility, Traffic Counts, and Foot Traffic
- Well Over 5 per 1,000 Sf Parking Spaces - Allowing a Plethora of Uses
EXECUTIVE SUMMARY
Kidder Mathews Exclusive Agent for a grocery store retail building on the Southwest corner of 50th Street and Western Avenue. The Sellers are looking to retire and deliver the premises vacant. The subject property (3,200sf) sits on a 13,821 square feet with excellent visibility and grandfathered monument signage, with multiple curb cuts giving easy ingress/egress from two different streets.
Business is available for sale $200,000, it brings in +/-$50,000 per month.
The building-to-land ratio is very generous and features over 5 spaces per 1,000sf parking ratio, allowing to variety of uses given the flexible zoning: dental/medical/clinic, restaurant, etc. There is a potential to expand the existing building, build a 2nd story, or lends itself to an affordable project as well.
Business is available for sale $200,000, it brings in +/-$50,000 per month.
The building-to-land ratio is very generous and features over 5 spaces per 1,000sf parking ratio, allowing to variety of uses given the flexible zoning: dental/medical/clinic, restaurant, etc. There is a potential to expand the existing building, build a 2nd story, or lends itself to an affordable project as well.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built
1984
Price
$1,895,000
Price Per SF
$592.19
Building Height
1 Story
Building FAR
0.23
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
LAC2-1VL-CPIO - TOC 2, Opportunity Zone, State Enterprise Designation, AB 2097
Parking
18 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
106’ on Western Ave
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5016-037-001 | Improvements Assessment | $199,041 |
| Land Assessment | $483,400 | Total Assessment | $682,441 |
PROPERTY TAXES
Parcel Number
5016-037-001
Land Assessment
$483,400
Improvements Assessment
$199,041
Total Assessment
$682,441
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13,821 Sf Corner Lot - 3,200 Sf Building | 5001 S Western Ave
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