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9606 S Western Ave
Los Angeles, CA 90047 South Central LA

$1,895,000 USD

Schools For Sale  •  8,127 SF

Property Details

  • Property Type Schools
  • Total Building Size 8,127 SF
  • Lot Size 0.56 AC
  • Building Class C
  • Year Built 1957
  • Zoning C2-1VL-CPIO (TOC) Tier 2
60 Transit Score
50 Walk Score

Highlights

Affordable housing developer or nonprofit ready to build 100+ units using ED1, TOC Tier 2, or AB 2011
Ideal for a car wash, quick-service drive-through, or most types of retail and commercial development,
8,127 SF of purpose-built improvements on a 24,551 SF corner lot at ~$258/SF, well below replacement cost.
Three income streams generating an est $15,264/month in pro forma gross income at a 7.73% pro forma cap rate | built-in developer exit via TOC Tier 2
Patient capital seeking a TOC-designated corner assemblage with income today and development optionality tomorrow
TOC Tier 2, ED1, and AB 2011, no hearing, no CEQA, at ~$77/SF land.

Public Transportation

AirportDriveWalkDistance
Los Angeles International 12 min - 6.1 mi
Long Beach (Daugherty Field) 24 min - 16.3 mi
Bob Hope 34 min - 19.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Nicole Lu 310-710-1018 Maher Commercial Realty
Nicole Lu 310-710-1018 Maher Commercial Realty