For Sale Commercial MLS# 26981433

9606 S Western Avenue

Los Angeles, CA 90047

$1,835,000

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About 9606 S Western Avenue

9600-9616 S. Western Avenue is a rare three-parcel corner assemblage totaling approximately 24,551 square feet (0.56 acres) at the prominent southeast corner of S. Western Avenue and W. 96th Street in the heart of South Los Angeles. The existing improvements total approximately +/-4,332 square feet across three purpose-built structures: a licensed preschool campus (+/-2,400 SF), a church sanctuary (+/-1,932 SF) and a +/-620 SF outdoor covered terrace. A vacant land parcel rounds out the assemblage, offering near-term income from commercial uses such as a recycling center or tow yard. Together, the three components project an estimated $15,264 per month in gross income and approximately $146,434 in annual net operating income, supporting the $1,835,000 asking price at a pro forma cap rate of approximately 7.98%. The site is zoned C2-1VL-CPIO and located within a Transit Oriented Communities (TOC) Tier 2 designation, one of the most favorable development overlays in the City of Los Angeles, enabling 98 residential units by right under TOC and over 100 units under Executive Directive 1 (ED1) with no public hearing required. *Buyer to verify The property includes three APN numbers (6055-022-028, 6055-022-029, 6055-022-030).

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1957
Stories
1
Living area
4,332 sqft
Price / sqft
$424
Lot
0.5636
Original price
$1,895,000
MLS #
26981433

Exterior & lot

Features
Parking spaces: 0
Construction
1
Lot
C2-1VL-CPIO (TOC) Tier 2

Schools

District
Los Angeles Unified School District

Financial

Parcel
UNAVAILABLE
Special conditions
Standard

Location

Area
C36 - Metropolitan Southwest
County
Los Angeles
Neighborhood
Gramercy Park
Community
0.0
Directions
Western Avenue & W. 96th Street

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Listed by Nicole Lu, Maher Commercial Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.