Retail Building | Medical Approved Use | 1517-1519 Firestone Blvd
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Retail Building | Medical Approved Use 1517-1519 Firestone Blvd
3,300 SF Retail Building Los Angeles, CA 90001 $1,195,000 ($362/SF)
Investment Highlights
- APPROX. 3,300 SF RETAIL BUILDING ON 6,750 SF OF LAND.
- LOCATED ON A MAJOR COMMERCIAL THOROUGHFARE WITH OVER 30,000 CARS PER DAY ALONG FIRESTONE BLVD.
- ON-SITE PARKING IN THE REAR OF THE PROPERTY, IN ADDITION TO PLENTY OF STREET PARKING.
- PROPERTY HAS APPROVED PLANS FOR MEDICAL USE!!!
- JUST ONE PARCEL EAST OF THE SIGNALIZED INTERSECTION OF COMPTON AVE. & FIRESTONE BLVD.
- IN-FILL LOCATION WITH OVER 50,000 PEOPLE RESIDING WITHIN A 1-MILE RADIUS & OVER 450,000 PEOPLE RESIDING WITHIN A 3-MILE RADIUS.
Executive Summary
KW Commercial is pleased to present a prime freestanding retail building located at 1517 Firestone Blvd., Los Angeles, CA 90001. This property offers approximately 3,300 square feet of versatile space, situated on a 6,750 square foot lot. The building offers frontage of approximately 50 feet along Firestone Blvd., which experiences a high traffic volume of around 30,000 vehicles per day, enhancing its visibility and accessibility.
The property is currently vacant and comes with approved plans for medical use, providing a valuable opportunity for owner-users or investors seeking to capitalize on the adaptable space in a densely populated area of Los Angeles. On-site parking is available at the rear of the building, accessible via the alley, supplemented by ample street parking options for clients and visitors.
Strategically positioned on the north side of Firestone Blvd., just east of the major signalized intersection at Compton Ave., the site benefits from significant pedestrian and vehicular traffic. The property is in proximity to educational institutions such as the New Charles Drew Middle School and Russell Elementary School, contributing to the area's vibrant community atmosphere. Additionally, it is conveniently located less than two miles east of the 110 Freeway on-ramp and approximately a quarter mile west of the Firestone Station Light Metro Rail, ensuring easy accessibility for commuters and patrons.
The surrounding neighborhood is notably dense, with a population exceeding 50,000 residents within a one-mile radius and over 450,000 residents within a three-mile radius, indicating a substantial customer base and workforce availability.
This offering represents a compelling opportunity for those looking to invest in or occupy a versatile retail space within a thriving Los Angeles community.
The property is currently vacant and comes with approved plans for medical use, providing a valuable opportunity for owner-users or investors seeking to capitalize on the adaptable space in a densely populated area of Los Angeles. On-site parking is available at the rear of the building, accessible via the alley, supplemented by ample street parking options for clients and visitors.
Strategically positioned on the north side of Firestone Blvd., just east of the major signalized intersection at Compton Ave., the site benefits from significant pedestrian and vehicular traffic. The property is in proximity to educational institutions such as the New Charles Drew Middle School and Russell Elementary School, contributing to the area's vibrant community atmosphere. Additionally, it is conveniently located less than two miles east of the 110 Freeway on-ramp and approximately a quarter mile west of the Firestone Station Light Metro Rail, ensuring easy accessibility for commuters and patrons.
The surrounding neighborhood is notably dense, with a population exceeding 50,000 residents within a one-mile radius and over 450,000 residents within a three-mile radius, indicating a substantial customer base and workforce availability.
This offering represents a compelling opportunity for those looking to invest in or occupy a versatile retail space within a thriving Los Angeles community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,300 SF
Building Class
C
Year Built
1941
Price
$1,195,000
Price Per SF
$362
Tenancy
Single
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.49
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
LCR3*
Frontage
53 FT on Firestone Blvd
Amenities
- Bus Line
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 6028-034-017 | Improvements Assessment | $251,940 |
Land Assessment | $612,000 | Total Assessment | $863,940 |
PROPERTY TAXES
Parcel Number
6028-034-017
Land Assessment
$612,000
Improvements Assessment
$251,940
Total Assessment
$863,940
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Retail Building | Medical Approved Use | 1517-1519 Firestone Blvd
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