$1,835,000
FOR SALEActive9606 S Western Avenue
Los Angeles CA 90047
4,332
SF
Commercial
Type
1957
Built
$424/SF
Cost/SF
Listing Agent
Oron Maher
DRE #: 01299093
Brokerage: Maher Commercial Realty
Location Analysis
About This Property
9600-9616 S. Western Avenue is a rare three-parcel corner assemblage totaling approximately 24,551 square feet (0.56 acres) at the prominent southeast corner of S. Western Avenue and W. 96th Street in the heart of South Los Angeles. The existing improvements total approximately +/-4,332 square feet across three purpose-built structures: a licensed preschool campus (+/-2,400 SF), a church sanctuary (+/-1,932 SF) and a +/-620 SF outdoor covered terrace. A vacant land parcel rounds out the assemblage, offering near-term income from commercial uses such as a recycling center or tow yard. Together, the three components project an estimated $15,264 per month in gross income and approximately $146,434 in annual net operating income, supporting the $1,835,000 asking price at a pro forma cap rate of approximately 7.98%. The site is zoned C2-1VL-CPIO and located within a Transit Oriented Communities (TOC) Tier 2 designation, one of the most favorable development overlays in the City of Los Angeles, enabling 98 residential units by right under TOC and over 100 units under Executive Directive 1 (ED1) with no public hearing required. *Buyer to verify The property includes three APN numbers (6055-022-028, 6055-022-029, 6055-022-030).
Property Information
Property Overview
Commercial
Property Type
Active
Status
C2-1VL-CPIO (TOC) Tier 2
Zoning
0.5636 acres
Lot Size
4,332 SF
Square Footage
$423.59/SF
Price per SF
7.98%
Cap Rate
$146K
NOI
1,957
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
7.98% Cap Rate
Location Analysis
Building Details
Zoning & Use
Investment Metrics
7.98%
Cap Rate
$146,434
NOI
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