$950,000
6556 S Western Avenue Los Angeles, CA 90047
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$950,000
Est. payment /mo
8,216 Sqft Lot
Active
6556 S Western Avenue Los Angeles, CA 90047
UPDATED:
08/24/2024 01:44 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24428661
HOA Y/N No
Lot Size 8,216 Sqft
Acres 0.19
Property Description
Renovated in April 2020, this property consists of a 1,925 sq.ft. building with 200 sq.ft. of office space on a 8,216 sq.ft. lot. Two grade level doors (20' x 10') and a gated and secure parking lot are also in place. Auto repair tenant pays $4,000 on a month-to-month lease, giving the new owner the ability to be an owner-user or landlord with stable income. Busy auto shop has steady demand for its recession-proof services. At only $115 per square foot of land, the property is priced to sell. Ask the listing agent about a state grant in place for site remediation. This site offers a savvy investor or developer a wide variety of options plus the ability to have an income-generating property during entitlement and development process. The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects. No parking is required for 100% affordable projects. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area Listing
Zoning C2-1
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 6015012001
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Listed by Nicole Lu • Maher Commercial Realty
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