$ 950,000
6556 S Western Ave Los Angeles, CA 90047
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$ 950,000
Est. payment | /mo
1,925 SqFt
$ 950,000
Est. payment | /mo
1,925 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,925 sqft
Price per Sqft $493
MLS Listing ID 24-428637
Year Built 1946
Lot Size 8,216 Sqft
Acres 0.1887
Property Description
This property consists of a 1,925 sq.ft. building with 200 sq.ft. of office space on a 8,216 sq.ft. lot. Two grade level doors (20' x 10') and a gated and secure parking lot are also in place. Auto repair tenant pays $4,000 on a month-to-month lease, giving the new owner the ability to be an owner-user or landlord with stable income. Busy auto shop has steady demand for its recession-proof services. At only $115 per square foot of land, the property is priced to sell. Ask the listing agent about a state grant in place for site remediation. This site offers a savvy investor or developer a wide variety of options plus the ability to have an income-generating property during entitlement and development process. The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects. No parking is required for 100% affordable projects. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area Los Angeles Southwest
Zoning LAC2
Building
Story 1
Others
Special Listing Condition Standard
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Listed by Maher Commercial Realty