115 N Western Ave - Storefront FOR SALE


Los Angeles, CA 90004- Koreatown
$1,690,000 USD
213-503-8070
115 N Western Ave, Los Angeles, CA for Sale
$1,690,000 USD
Storefront - FOR SALE
1/15
null | Request Cap Rate

115 N Western Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • C2 zoning – flexible development options; mixed-use or residential redevelopment potential to build 30 residential units
  • Rare opportunity in one of LA’s most active corridors; prime K-Town location – heavy foot & vehicle traffic on Western Ave
  • Plenty of street parking surrounding the block

OVERVIEW

Proudly presenting 115 N Western Ave, an excellent opportunity to acquire a versatile retail property located in the heart of Koreatown along high-traffic Western Avenue. Situated on approximately 7,957 SF of land with an existing 5,160 SF building zoned C2, this property offers exceptional flexibility for a wide range of uses. Subdivision options available at a split of 1,300 SF and 3,800 SF. Ideal not only for investors and developers, but also for owner-users seeking a prime location for retail / showroom / lifestyle brand / restaurant / cafe / dessert / bakery / creative office / marketing / communication firm / medical / wellness / beauty / service businesses / distribution center / warehouse-style retail or hybrid office + storage use. The strong visibility and heavy foot and vehicle traffic make it especially well-suited for businesses looking to establish a presence in one of LA's most dynamic commercial corridors. For those looking to reposition or expand, the property also presents the potential to develop approximately 30 residential units or pursue a mixed-use project with ground-floor commercial and residential units above. Unmatched branding from the massive LED signage (projecting & facade) that is already installed. While there is no on-site parking, this is typical for Koreatown's urban setting. The location benefits from ample surrounding street parking, and there may be opportunities to coordinate off-site parking arrangements with nearby commercial establishments, enhancing convenience for customers and tenants. Koreatown continues to be one of the most vibrant and rapidly evolving neighborhoods in Los Angeles, making this property a compelling opportunity for immediate use, long-term hold, or future redevelopment.

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,957 SF

ZONING

LAC2

APN/PARCEL ID

5517-003-004

ASK ABOUT THIS PROPERTY

Mi Jeong Stella KimMi Jeong KimMore Info
213-503-8070

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Mi Jeong Stella KimMi Jeong KimMore Info
213-503-8070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.