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7416 S Western Avenue, Los Angeles, CA 90047

Commercial property

7416 S Western Avenue, Los Angeles, CA 90047 Sold August 2023 CRMLS
$415,000Sold August 2023

Listing Agent: Leesa Hammond (DRE #01305811) · Listing Office: Eve Capital · Contact: 310-890-4439 · Bought with: Nicole McIntyre · Side, Inc. · MLS #SB23000170 · Source: CRMLS

2,050
Building Sq Ft
4.92%
Cap Rate
$26,935
NOI
2,754 sqft
Lot Size
1950
Year Built
C2-1VL-CPIO
Zoning
Commercial property
Type

About this commercial property

Welcome to 7416 S. Western Ave., located in Southwest Los Angeles. This centrally located single-story building consists of 1,090 sq ft office and 960 sq ft work shop space for a total of 2,050 sq ft. This property is a standalone building that was previously used as an office and workshop for a construction company. The rear of the building includes a loading zone area and 2 parking spaces. It is a Tier 2 TOC property provides incentives for developers to build housing, commercial, and mixed-use projects within a half-mile radius of major transit stops. This is a great opportunity for owner/users and investors.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$415,000
Sold August 2023 · listed $499,999, orig. $600,000, on market January 2023 · MLS #SB23000170 · Source: CRMLS
Listing Agent: Leesa Hammond · Listing Office: Eve Capital · Contact: 310-890-4439 · Bought with: Nicole McIntyre · Side, Inc.
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