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Mixed-Use

3725-3731 S Western Ave

3725-3731 S Western Ave, Los Angeles, CA 90018

Listing Price: $1,750,000

Cap Rate
2.80%
Number of Units
2
Occupancy
84.0%
Price/Unit
$875,000
Price/Gross SF
$277.91
Gross SF
6,297

Investment Overview

Marcus & Millichap is pleased to present 3725-3735 S Western Ave Los Angeles, CA 90018, a three- parcel property consisting of two 1 Bed/1 Bath residential units and six retail storefronts. There is 6,297 square feet of building situated on 9,900 square feet of land, this property offers excellent visibility and strong demographics to a wide range of consumer driven retail businesses. The possibility to add-value, flexibility of tenancy, and its location in one of Los Angeles’ fastest developing neighborhoods combine to create financial upside. The large corner lot also presents an opportunity for future development through Los Angeles’ ED-1, allowing for a 100% affordable housing project of approximately 60-65 units.

The property is currently occupied by five tenants, however all leases in place are on a month-to-month basis, which creates the possibility of an owner/user purchasing the site through SBA financing. Within a bustling thoroughfare, 3725-3735 S Western Ave is positioned between West Jefferson Blvd and Exposition Blvd. Zoned C2-2D-O-CPIO, this property finds itself ideally positioned for a developer to build 26 units by right or take advantage of the tier 4 TOC density bonus and build 49 units. The property also presents flexibility for a value-add investor to re-tenant the property and increase rents. This burgeoning neighborhood’s infrastructure has seen an unprecedented resurgence within the last few years. The key positioning between downtown Los Angeles and Santa Monica makes this centralized location optimal for catering to a wide range of tenants. The property’s close proximity to major freeways such as the 10 and 110 freeways significantly enhances its accessibility.

In recent years, the area has experienced an unprecedented surge in development and redevelopment projects. Strong public and private investment in the area has accelerated with more than $3 billion of development currently underway and recently completed. These developments include the brand new LAFC $350 million Banc of California Stadium, the $1 billon Lucas Museum of Narrative Arts, the $270 million renovation of the LA Memorial Coliseum that will host the 2028 Olympics, and the $700 million USC village.

Investment Highlights

  • MIXED-USE | RETAIL STOREFRONTS & RESIDENTIAL
  • THREE CONTIGUOUS PARCELS | SIGNALIZED CORNER
  • VALUE-ADD | MAJOR UPSIDE IN RENTS
  • LA ED-1 | 100% AFFORDABLE PROJECT | BUILD APPROX. 60-65 UNITS
  • ALL TENANTS ON MONTH-TO-MONTH LEASES | WITHIN MINUTES OF USC
  • BUILD 26 UNITS - BY RIGHT | BUILD 49 UNITS - TOC DENSITY BONUS TIER 4
  • ZONED C2-2D-O-CPIO | BORDERS JEFFERSON & EXPOSITION PARK NEIGHBORHOODS
  • OVER $3 BILLION OF DEVELOPMENT CURRENTLY UNDERWAY & RECENTLY COMPLETED IN IMMEDIATE VICINITY

Exclusively Listed By

Financing By

Mixed-Use

3725-3731 S Western Ave

Listing Price: $1,750,000

Cap Rate
2.80%
Number of Units
2
Occupancy
84.0%
Price/Unit
$875,000
Price/Gross SF
$277.91
Gross SF
6,297

Investment Highlights

  • MIXED-USE | RETAIL STOREFRONTS & RESIDENTIAL
  • THREE CONTIGUOUS PARCELS | SIGNALIZED CORNER
  • VALUE-ADD | MAJOR UPSIDE IN RENTS
  • LA ED-1 | 100% AFFORDABLE PROJECT | BUILD APPROX. 60-65 UNITS
  • ALL TENANTS ON MONTH-TO-MONTH LEASES | WITHIN MINUTES OF USC
  • BUILD 26 UNITS - BY RIGHT | BUILD 49 UNITS - TOC DENSITY BONUS TIER 4
  • ZONED C2-2D-O-CPIO | BORDERS JEFFERSON & EXPOSITION PARK NEIGHBORHOODS
  • OVER $3 BILLION OF DEVELOPMENT CURRENTLY UNDERWAY & RECENTLY COMPLETED IN IMMEDIATE VICINITY

Investment Overview

Marcus & Millichap is pleased to present 3725-3735 S Western Ave Los Angeles, CA 90018, a three- parcel property consisting of two 1 Bed/1 Bath residential units and six retail storefronts. There is 6,297 square feet of building situated on 9,900 square feet of land, this property offers excellent visibility and strong demographics to a wide range of consumer driven retail businesses. The possibility to add-value, flexibility of tenancy, and its location in one of Los Angeles’ fastest developing neighborhoods combine to create financial upside. The large corner lot also presents an opportunity for future development through Los Angeles’ ED-1, allowing for a 100% affordable housing project of approximately 60-65 units. The property is currently occupied by five tenants, however all leases in place are on a month-to-month basis, which creates the possibility of an owner/user purchasing the site through SBA financing. Within a bustling thoroughfare, 3725-3735 S Western Ave is positioned between West Jefferson Blvd and Exposition Blvd. Zoned C2-2D-O-CPIO, this property finds itself ideally positioned for a developer to build 26 units by right or take advantage of the tier 4 TOC density bonus and build 49 units. The property also presents flexibility for a value-add investor to re-tenant the property and increase rents. This burgeoning neighborhood’s infrastructure has seen an unprecedented resurgence within the last few years. The key positioning between downtown Los Angeles and Santa Monica makes this centralized location optimal for catering to a wide range of tenants. The property’s close proximity to major freeways such as the 10 and 110 freeways significantly enhances its accessibility. In recent years, the area has experienced an unprecedented surge in development and redevelopment projects. Strong public and private investment in the area has accelerated with more than $3 billion of development currently underway and recently completed. These developments include the brand new LAFC $350 million Banc of California Stadium, the $1 billon Lucas Museum of Narrative Arts, the $270 million renovation of the LA Memorial Coliseum that will host the 2028 Olympics, and the $700 million USC village.

Exclusively Listed By

Financing By

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