$5,000,000
FOR SALEActive3550 S Western Avenue
Los Angeles CA 90018
9,887
SF
Commercial
Type
1994
Built
$506/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Unentitled commercial or mid-rise housing development opportunity near USC. Covered land play - all seven (7) tenants are month-to-month and are currently generating approximately $19,000 per month gross rental income. Redevelopment possibilities for a gym, school, senior/assisted living, housing, etc. Architect analysis showed a potential 169+ unit count (115 market rate, and 54 affordable) with the CPIO density bonus, for a 5-story mid-rise build with type IIIB construction.The primary site for sale includes three (3) contiguous parcels totaling 40,769 SF of land zoned C2-2D-O-CPIO. The corner lot (contiguous with the primary site) is owned by a separate seller and can also be delivered separately to complete the block. The corner lot would add an additional 5,857 SF of land, bringing the total size of the assemblage to over one (1) acre.This site presents an increasingly rare opportunity to secure an entire block ripe for development within the inevitable path of USC's continual westward expansion.
Property Information
Property Overview
Commercial
Property Type
Active
Status
LAC2
Zoning
0.9359 acres
Lot Size
9,887 SF
Square Footage
$505.71/SF
Price per SF
1,994
Year Built
1
Stories
21
Parking Total
2.12
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Investment Metrics
Data not available.
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CRMLS
MLS# 26985049
Listed:
Nalren refreshed:
Last updated
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Listed by: Saxum West
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.