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For SaleLuxury

$1,835,000

24,550 sqft$75/sqft65 days on market

9606 S Western Avenue

Los Angeles, CA 90047

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

24,550

Square feet

1957

Built

Listing narrative

Description

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).

Listing agent (MLS): Nicole Lu · Listing brokerage (MLS): Maher Commercial Realty

Property Details

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Price

$1,835,000

Beds

Beds n/a

Type

Commercial

Home Size

24,550 sqft

Baths

Baths n/a

Lot Size

0.56 acres

Year

1957

Status

For Sale

Days on Market

65

$ / Sqft

$75

· 8% down, 7% APR, 30yr fixed
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Courtesy of Maher Commercial Realty