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Lender Driven Value-Add Retail 753-759 S Fetterly Ave 18,454 SF 20% Leased Retail Building Online Auction Sale Los Angeles, CA 90022
INVESTMENT HIGHLIGHTS
- Los Angeles retail property zoned C3, ideal for commercial developments such as retail, office spaces, and mixed-use projects.
- Situated in the heart of Los Angeles, offering excellent visibility and accessibility.
- There is high demand for commercial space in the area, offering significant return on investment.
- Easy accessibility to major Highways 701, 5, and 60 and public transportation, ensuring seamless connectivity.
- Located in a thriving neighborhood with a diverse mix of businesses, residential areas, and cultural attractions.
- Proximity to schools, parks, shopping centers, and key landmarks enhance the property’s appeal.
EXECUTIVE SUMMARY
Newmark is pleased to introduce 753-759 S Fetterly Avenue, Los Angeles, California, a prime investment opportunity in the heart of Los Angeles. This expansive retail and land parcel offers a unique chance to develop in a highly sought-after location known for its vibrant community and proximity to key amenities. Spanning 26,867 square feet, the acreage is zoned for C3, making it ideal for a variety of commercial developments, including retail, office space, and mixed-use projects.
The site benefits from excellent visibility and accessibility, with easy access to major highways such as 701, 5, and 60, as well as public transportation options, ensuring seamless connectivity to the Greater Los Angeles area. The surrounding neighborhood is thriving, with a diverse mix of businesses, residential areas, and cultural attractions, providing a dynamic environment for future development.
Investors will appreciate the potential for significant returns, given the area’s ongoing growth and demand for commercial space. The property is also located near key landmarks and institutions, including schools, parks, and shopping centers, enhancing its appeal to a wide range of potential tenants and customers.
Don’t miss out on this rare opportunity to shape the future of one of LA’s most dynamic neighborhoods. Whether looking to develop a flagship retail location, a modern office complex, or a mixed-use project that combines the best of both worlds, 753-759 S Fetterly Avenue offers the perfect canvas for buyers’ vision.
The currently leased area is 3,710 SF, representing 20.12% of the total building. Due to fire damage, approximately 11,400 SF is completely unusable and would require full reconstruction to become operational again. Great for a and and development potential.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The site benefits from excellent visibility and accessibility, with easy access to major highways such as 701, 5, and 60, as well as public transportation options, ensuring seamless connectivity to the Greater Los Angeles area. The surrounding neighborhood is thriving, with a diverse mix of businesses, residential areas, and cultural attractions, providing a dynamic environment for future development.
Investors will appreciate the potential for significant returns, given the area’s ongoing growth and demand for commercial space. The property is also located near key landmarks and institutions, including schools, parks, and shopping centers, enhancing its appeal to a wide range of potential tenants and customers.
Don’t miss out on this rare opportunity to shape the future of one of LA’s most dynamic neighborhoods. Whether looking to develop a flagship retail location, a modern office complex, or a mixed-use project that combines the best of both worlds, 753-759 S Fetterly Avenue offers the perfect canvas for buyers’ vision.
The currently leased area is 3,710 SF, representing 20.12% of the total building. Due to fire damage, approximately 11,400 SF is completely unusable and would require full reconstruction to become operational again. Great for a and and development potential.
Property tours are available by appointment only. Please contact the listing broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,454 SF
Building Class
C
Year Built
1990
Percent Leased
20%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.62 AC
Parcel Numbers
Zoning
C3
Parking
44 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
167’ on S Fetterly Avenue
AMENITIES
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (92)
ABOUT SOUTHEAST LOS ANGELES RETAIL
Southeast Los Angeles comprises a series of thriving cities spanning south and east from Downtown Los Angeles all the way to the Orange County border. Residents are proud of their neighborhoods, and there is a strong sense of family and community.
Highways in the area, including interstates 5, 605, and 710 and state highway 60, provide great connectivity to all points in Southern California. Residents can easily access many major employment centers in Greater Los Angeles, Orange County, and the Inland Empire.
The area provides retailers with very high population densities. This factor offers an enviable consumer base, which makes the area compelling for retailers of all categories and sizes, from local mom-and-pops to national retailers. As residents in the area are predominately Latino, many retailers are oriented towards the community.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
36,582
234,408
684,345
2020 Population
43,884
262,246
760,151
2029 Population
34,262
223,266
652,995
2024-2029 Projected Population Growth
-6.3%
-4.8%
-4.6%
Daytime Employees
10,697
123,501
341,557
Total Businesses
1,625
10,208
36,160
Average Household Income
$68,544
$77,560
$79,248
Median Household Income
$56,458
$61,054
$59,663
Total Consumer Spending
$288.5M
$2.1B
$6.2B
Median Age
34.5
36.1
37.3
2024 Households
9,441
65,377
196,657
Percent College Degree or Above
6%
10%
12%
Average Home Value
$607,118
$667,649
$673,754
$ values in USD
NEARBY MAJOR RETAILERS
SALE ADVISOR
SALE ADVISOR
Brent Koo, Senior Managing Director
Brent is a Senior Managing Director of Newmark and specializes in advising industrial and corporate solutions for his clients. He had built his foundation of expertise first by managing over 150 industrial and commercial units in DTLA. During this time, he was able to establish a sound understanding of the industrial market and build a basis for long lasting relationships with his clients.
Brent has been a top producer in the Los Angeles market for over 15 years and has successfully brokered over $1 billion in total consideration. Brent is well respected from his clients for his trustworthiness and his ability to successfully execute no matter how complex or challenging the situation is. Brent is a member of KREBA (Korean Real Estate Brokers Association) and KITA (Korean International Trade Association).
Brent has been a top producer in the Los Angeles market for over 15 years and has successfully brokered over $1 billion in total consideration. Brent is well respected from his clients for his trustworthiness and his ability to successfully execute no matter how complex or challenging the situation is. Brent is a member of KREBA (Korean Real Estate Brokers Association) and KITA (Korean International Trade Association).
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
John Artozqui
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Lender Driven Value-Add Retail | 753-759 S Fetterly Ave
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