5400 Western Ave | Los Angeles, CA 90062
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- LoopNet Team
5400 Western Ave
Los Angeles, CA 90062
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Retail Value Add or Redevelopment Opportunity in a South Los Angeles on the Corner of S Western Ave and W 54th St Across from Western Ave Elementary
- A developer can collect income while undergoing the entitlement process
- Opportunity to build up to 49 units utilizing the TOC benefits
- All three tenants are currently on month-to-month leases allowing an investor to occupy a portion or all of the building
- +/- 12,025 SF development lot zoned C2-1VL-CPIO in a Tier 2 TOC
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
10,012 SF
Building Class
C
Year Built/Renovated
1927/1938
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.28 AC
Zoning
C2-1VL-CPIO - Tier 2 TOC
Parking
2 Spaces (0.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 5003-020-023 | Improvements Assessment | $480,000 |
| Land Assessment | $960,000 | Total Assessment | $1,440,000 |
PROPERTY TAXES
Parcel Number
5003-020-023
Land Assessment
$960,000
Improvements Assessment
$480,000
Total Assessment
$1,440,000
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