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115 N Western Ave 5,160 SF Vacant Retail Building Los Angeles, CA 90004 $2,906,312 CAD ($563.24 CAD/SF)
Investment Highlights
- C2 zoning – flexible development options; mixed-use or residential redevelopment potential to build 30 residential units
- Plenty of street parking surrounding the block
- Rare opportunity in one of LA’s most active corridors; prime K-Town location – heavy foot & vehicle traffic on Western Ave
Executive Summary
Proudly presenting 115 N Western Ave, an excellent opportunity to acquire a prime retail property in the heart of Koreatown along high-traffic Western Avenue. This property sits on an approximately 7,957 SF lot with an existing 5,160 SF building zoned C2, offering strong upside for investors and developers. Enticing potential to develop approximately 30 residential units or pursue a mixed-use project featuring ground-floor commercial with residential units above (buyer to verify with LA City). Ideal for restaurant, retail, or owner-user, or to hold as an income property while planning a larger redevelopment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,160 SF
Building Class
C
Year Built
1922
Price
$2,906,312 CAD
Price Per SF
$563.24 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.18 AC
Zoning
LAC2 - C2 zoning offers strong upside for investors and developers. Potential to develop approximately 30 residential units or pursue mixed-use project.
Frontage
60’ on Western Ave
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5517-003-004 | Improvements Assessment | $491,278 CAD |
| Land Assessment | $2,511,033 CAD | Total Assessment | $3,002,312 CAD |
Property Taxes
Parcel Number
5517-003-004
Land Assessment
$2,511,033 CAD
Improvements Assessment
$491,278 CAD
Total Assessment
$3,002,312 CAD
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Presented by
Mi Jeong Kim
115 N Western Ave
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