3009 Wabash Ave - Storefront FOR SALE


Los Angeles, CA 90063- Boyle Heights
$1,470,700 USD
213-999-0073
3009 Wabash Ave, Los Angeles, CA for Sale
$1,470,700 USD
Storefront - FOR SALE
1/13
null | Request Cap Rate

3009 Wabash Ave
Los Angeles, CA 90063
Boyle Heights


HIGHLIGHTS

  • Vacant Delivery Available
  • Mixed-Use Development Potential
  • 55 New Units Across Street
  • ±3,850 SF Commercial Building
  • ±9,148 SF Urban Infill Site
  • Own, Occupy or Redevelop

OVERVIEW

Owner-user and mixed-use development opportunity in Boyle Heights. 3009–3015 Wabash Avenue consists of approximately 3,850 SF of commercial improvements on approximately 9,341 SF of land. The property is zoned [LM3-G2-3][CX5-8][CPIO], supporting residential and neighborhood-serving commercial uses. All three storefront tenants are currently month-to-month, providing ownership flexibility to deliver the commercial building vacant at close of escrow. The property is also subject to an existing Lamar Advertising billboard lease; Lamar has advised that the current term extends through December 31, 2029. Buyer to independently review and verify the billboard lease and all development rights. Located directly across from a new 55-unit residential development. Asking price: $1,470,700, approximately $382/SF.

FOR SALE DETAILS

PRICE

$1,470,700 USD

PRICE/SF

$382 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

CX5

APN/PARCEL ID

5229-029-017

ASK ABOUT THIS PROPERTY

Eric ChavezeXp CommercialMore Info
213-999-0073

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Eric ChavezeXp CommercialMore Info
213-999-0073

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