6556 S Western Ave
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6556 S Western Ave
1,925 SF Retail Building Los Angeles, CA 90047 $950,000 ($494/SF)
Investment Highlights
- ±1,925 SF auto repair with ±200 SF of office space and two grade level doors (20' x 10')
- Signalized corner building at Western and 65th is currently used as an automobile repair service shop
- Leverage the flexible C2-1VL-CPIO zoning and develop a commercial property on the site
- The building is situated on a ±8,216 square foot lot, zoned C2-1VL-CPIO
- Month-to-month tenant in place paying $4,000/month and all utilities. Landlord is responsible for property taxes.
- Contact Nicole Lu for More Information
Executive Summary
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.
Contact Nicole Lu for more information. Please do not disturb tenants.
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.
Contact Nicole Lu for more information. Please do not disturb tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,925 SF
Building Class
C
Year Built
1946
Price
$950,000
Price Per SF
$494
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
0.19 AC
Zoning
C2-1VL-CPIO
Frontage
Amenities
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 6015-012-001 | Improvements Assessment | $28,298 (2024) |
| Land Assessment | $113,252 (2024) | Total Assessment | $141,550 (2024) |
PROPERTY TAXES
Parcel Number
6015-012-001
Land Assessment
$113,252 (2024)
Improvements Assessment
$28,298 (2024)
Total Assessment
$141,550 (2024)
-
Oron Maher -
Nicole Lu -
Maher Commercial Realty
(310) 464-1453
x111
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6556 S Western Ave
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