8701 S Western Ave 6,853 SF 100% Leased Retail Building Los Angeles, CA 90047 For Sale

Kidder Mathews is pleased to present a former Bank of America building (6,853 SF) site which sits on 84,155 square feet. There are 8 parcels which are split by a City owned alley which the Vacation of the Alley process has already commenced. The rear 6 parcels total 43,877 Square Feet and the land square footage with the former Bank of America building sits on 40,287 square feet. The property was previously intended for a 160 unit affordable housing project which is still fully entitled.

This block-to-block opportunity sits adjacent to the signalized corner of Manchester and Western avenue nestled between Ralphs and Superior Grocery stores, close to Inglewood adjacent and just 1.6 miles east of SoFi Stadium, Kia Forum, and the Intuit Dome. The property is well positioned to benefit from major events such as the 2028 Olympics, 2027 Super Bowl LXI, and the 2026 FIFA World Cup.

A developer could utilize the current plans or do the following: Higher density affordable development site Commercial retail and/or hotel site.

A developer could opt to split the site into multiple, smaller projects. This could enable a master developer to sell individual projects to other developers, potentially reducing their basis in the opportunity. This could also allow a developer to bring different types of projects (i.e. ED1, Senior, Special Needs, Commercial) to market with different capital structures and re-entitle the site for a different use.

Motivated Lender Looking for minimal contingencies.