Retail

FOR SALE

9600-9616 S. Western Ave.

Los Angeles, CA 90047

Sale Price
$1,895,000
Total Building Area
+8,127 Sq.Ft.
Total Land Area
+24,551 Sq.Ft.
Zoning

C2-1VL-CPIO (TOC) Tier 2

ABOUT THE PROPERTY

A rare three-parcel assemblage totaling approximately 24,551 square feet (0.56 acres) at the signalized hard corner of S. Western Avenue and W. 96th Street. The lot is bordered by a rear alley with ingress and egress from three sides, Western Avenue, 96th Street, and the alley itself, giving any future development exceptional flexibility for site circulation, drive-through stacking, and multiple points of access. This configuration makes the site ideal for a car wash, quick-service drive-through, or most types of retail and commercial development, maximizing benefit from corner visibility and multi-sided access. The property is zoned C2-1VL-CPIO, offering broad commercial development flexibility at a signalized intersection along a high-traffic corridor.

Improvements currently on site total approximately 8,127 square feet across two structures, a licensed preschool campus (6,195 SF) and a church sanctuary (1,932 SF), plus a third vacant parcel offering near-term income potential from uses such as a recycling center or tow yard. Combined, the assemblage projects an estimated $15,264/month in gross income and approximately $146,434 in annual NOI, supporting the $1,895,000 asking price at a pro forma cap rate of approximately 7.73%.

For a developer, this hard-corner, alley-accessed assemblage is a rare opportunity to acquire land along Western Avenue with existing cash flow in place while planning a car wash, drive-through, or retail/commercial redevelopment.

DEVELOPMENT SUMMARY

LIST PRICE:

TOTAL BUILDING AREA:

TOTAL LAND AREA:

PRICE PER SQUARE FOOT (LAND):

TOC DEVELOPMENT POTENTIAL:

ED1 DEVELOPMENT POTENTIAL:

ZONING:

APN:

$1,895,000

8,127 Sq.Ft.

24,551 Sq.Ft.

$77.19

98 Units

100+ Units

C2-1VL-CPIO (TOC) Tier 2

6055-022-028

6055-022-029

6055-022-030

PROPERTY FEATURES

  • Vacant +8,999 Sq.Ft. land parcel can also be leased together or separately with one or both of the buildings on the two other contiguous parcels.

  • Ideal for a car wash, quick-service drive-through, or most types of retail and commercial development

  • Two purpose-built structures: a licensed preschool campus (6,195 SF) and a church sanctuary (1,932 SF) can be leased together or separately. Each building has its own private outdoor space that is separate from the third vacant land parcel.

  • Future development potential as a corner signalized C2 lot with alley access and total size of more than half an acre-24,551 SF.

  • *By-right pathways to 98-100+ units via TOC Tier 2, ED1, and AB 2011, no hearing, no CEQA, at ~$77/SF land.

  • Pro forma monthly income of $15,519 or estimated annual NOI of $146,434 by leasing subject property in its as-is condition today

  • Flexibility for today and tomorrow with the ability to rent to one or more tenants today, to build on one or more parcels, and to maximize cash flow while capturing future development potential and market appreciation

*Buyer to verify

Want More Details?

FOR MORE INFORMATION PLEASE CONTACT

Nicole Lu 呂尚育
Multifamily, Retail, and Land Specialist

Maher Commercial Realty

310.710.1018
[email protected]
BRE# 02045957

Oron Maher

Broker-Director, Esquire

Maher Commercial Realty

310.464.1453

[email protected]

BRE# 01299093

Office: Los Angeles

Call (310) 464-1453