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115 N Western Ave 5,160 SF Vacant Retail Building Los Angeles, CA 90004 $2,161,428 CAD ($418.88 CAD/SF)
Investment Highlights
- Located in the heart of Koreatown.
- Wide range of uses: restaurant, retail, medical, fitness, professional office, or creative showroom.
- 60 feet of frontage directly on Western Avenue.
- 5,160 square feet of ground-floor retail space on a 7,957 SF lot.
Executive Summary
Located in the heart of Koreatown, 115 N Western Avenue presents a well-positioned opportunity to acquire a retail building on one of Los Angeles' most consistently active commercial corridors. Western Avenue is the kind of street that sustains businesses across generations — dense, walkable, and anchored by a loyal consumer base that keeps foot traffic strong seven days a week.
The building offers 5,160 square feet of ground-floor retail space on a 7,957 SF lot with 60 feet of frontage directly on Western Avenue. The floor plan and frontage lend themselves naturally to a wide range of uses — restaurant, retail, medical, fitness, professional office, or creative showroom — giving an owner-user the flexibility to build the right concept for the space, or an investor the ability to attract a broad pool of prospective tenants.
Zoned LAC2, the property supports both near-term operational use and longer-term planning. For those thinking beyond the immediate term, the lot size and zoning present a meaningful opportunity to explore a mixed-use or ground-floor commercial with residential above (buyer to verify with LA City Planning). In a market where new retail development has been minimal for years, well-located and well-zoned sites on established corridors like this one are genuinely difficult to find.
Koreatown continues to draw strong interest from owner-users, local operators, and investors who recognize the submarket's depth and durability. 115 N Western Avenue is a straightforward opportunity to participate in one of Los Angeles' most established urban commercial corridors.
VIEW FULL MARKETING PACKAGE:
https://atlasgrouprealty.com/commercial/115-north-western-avenue
The building offers 5,160 square feet of ground-floor retail space on a 7,957 SF lot with 60 feet of frontage directly on Western Avenue. The floor plan and frontage lend themselves naturally to a wide range of uses — restaurant, retail, medical, fitness, professional office, or creative showroom — giving an owner-user the flexibility to build the right concept for the space, or an investor the ability to attract a broad pool of prospective tenants.
Zoned LAC2, the property supports both near-term operational use and longer-term planning. For those thinking beyond the immediate term, the lot size and zoning present a meaningful opportunity to explore a mixed-use or ground-floor commercial with residential above (buyer to verify with LA City Planning). In a market where new retail development has been minimal for years, well-located and well-zoned sites on established corridors like this one are genuinely difficult to find.
Koreatown continues to draw strong interest from owner-users, local operators, and investors who recognize the submarket's depth and durability. 115 N Western Avenue is a straightforward opportunity to participate in one of Los Angeles' most established urban commercial corridors.
VIEW FULL MARKETING PACKAGE:
https://atlasgrouprealty.com/commercial/115-north-western-avenue
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,160 SF
Building Class
C
Year Built
1922
Price
$2,161,428 CAD
Price Per SF
$418.88 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.18 AC
Zoning
LAC2
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 | $496,925 CAD |
| Land Assessment | $2,539,895 CAD | Total Assessment | $3,036,820 CAD |
Property Taxes
Parcel Number
5517-003-004
Land Assessment
$2,539,895 CAD
Improvements Assessment
$496,925 CAD
Total Assessment
$3,036,820 CAD
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115 N Western Ave
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