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8905 S Western Ave, Los Angeles, CA 90047
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8905 S Western Ave Los Angeles, CA 90047

$780,000
  • -- Beds
  • -- Baths
  • 4,390 Sq.Ft.
For Sale
$780,000 Get Pre-Qualified
Map preview of 8905 S Western Ave, Los Angeles, CA 90047

Property Overview: 8905 S Western Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 4,390 living square feet and 5,625 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Amazing opportunity for an owner user, investor or developer to acquire a mixed use property in South Los Angeles with three retail units and a one bedroom residential unit upstairs, all on month-to-month terms with separate gas and electric meters. The property has a gated lot with secure on-site parking & roll up doors, high ceilings, and fifty feet of frontage on Western Avenue with over 30,000 vehicle daily traffic, presenting a perfect opportunity for an owner-user or investor. Rents are currently 50% below market, presenting significant upside. Alternatively, the Tier 2 TOC designation also presents an opportunity for a developer to take advantage of density bonuses to repurpose the C2 lot as affordable housing. Less than 2 miles to SoFi Stadium and the Kia Forum, and 6 miles from LAX, this centrally located asset provides consumers and tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways.

Listed by Mark Ehlers | BRE #01955008 | Imperial Real Estate
Co-listed by Julia Chen | BRE #01993611 | PLG Estates
Last checked: 4 minutes ago | Last updated: February 19th, 2024 | Source CRMLS | DOM: 182
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Home details

Lot Sq. Ft
5,625
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Retail
Status
Active
MLS#
SB23195550
City
Los Angeles
County
Los Angeles
Time on Site
199 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 4
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 8905 S Western Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 6036017002
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 90th to Western
View more facts & features

Local Los Angeles Agent

Sale History for 8905 S Western Ave

View property's historical transactions

  • October, 2023

  • Oct 19, 2023

    Date

    Active

    CRMLS: SB23195550

    $875,000

    Price

Tax History for 8905 S Western Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

8905 S Western Ave is listed 36.33% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $177.68 per/sqft which puts the price per square foot 77.04% lower than the median price per square foot for the city of Los Angeles.

About 8905 S Western Ave

Detailed summary of property

8905 S Western Ave is a retail located in Los Angeles, CA 90047 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 4,390 living square feet, and sits on an approximately 5,625 square foot lot. 8905 S Western Ave was first listed on ArdentRealEstateGroup.com on October 20, 2023. The homeowner is currently asking $780,000 and was originally asking $875,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 36.33% lower than the median priced home. Local competing homes currently for sale include 1941 Atlantic Ave, 2401 E Washington Blvd and 3860 E Colorado Blvd. While the average home in Los Angeles, CA is selling in 96 days, 8905 S Western Ave has a days on market of 182 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 8905 S Western Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8905 S Western Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$760,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
86
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), Other (0%)

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Recently Sold Homes Near 8905 S Western Ave

7630 S Western Ave, Los Angeles, CA 90047
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-- Baths
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10401 S Western Ave, Los Angeles, CA 90047
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10405 S Western Ave, Los Angeles, CA 90047
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-- Beds
-- Baths
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$1,200,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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