Mixed-Use - Partially Vacant | 8911 S Western Ave
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Mixed-Use - Partially Vacant 8911 S Western Ave
2,058 SF 100% Leased Retail Building Los Angeles, CA 90047 $595,000 ($289/SF) 6.01% Cap Rate
Executive Summary
We are pleased to present a 3-unit mixed-use property located on 8911 S Western Ave in Los Angeles. The property consists of two separate structures, with the front building consisting of two commercial storefront units, 726 SF each, with a 1BD+1BA residential bungalow in the rear with alley access, built in 1947 and 1948, respectively. With 2 VACANT units (1 commercial and 1 residential), the property provides a unique opportunity for multiple strategies. Through a value-add strategy, a new owner will have the ability to operate at a 6+% CAP rate at an affordable purchase price. Contact the Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$35,772
|
$17.38
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $35,772 |
| Annual Per SF | $17.38 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,058 SF
Building Class
C
Year Built
1947
Price
$595,000
Price Per SF
$289
Cap Rate
6.01%
NOI
$35,772
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.06 AC
Zoning
LAC2 - Los Angeles Zone: (C2) 1-VL CPIO
Parking
1 Space (0.49 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Walk Score®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6036-017-003 | Improvements Assessment | $95,653 (2024) |
| Land Assessment | $109,316 (2024) | Total Assessment | $204,969 (2024) |
PROPERTY TAXES
Parcel Number
6036-017-003
Land Assessment
$109,316 (2024)
Improvements Assessment
$95,653 (2024)
Total Assessment
$204,969 (2024)
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Mixed-Use - Partially Vacant | 8911 S Western Ave
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