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$1,835,000

FOR SALEActive

9606 S Western Avenue

Los Angeles CA 90047

4,332

SF

Commercial

Type

1957

Built

$424/SF

Cost/SF

63 days on marketNalren refreshed

Listing Agent

Nicole Lu

Listing Agent

DRE #: 02045957

(310) 464-1453

Brokerage: Maher Commercial Realty

Oron Maher

DRE #: 01299093

Brokerage: Maher Commercial Realty

Location Analysis

MapProperty Location

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

Map

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