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$4,500,000
Est. payment /mo
2,853 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,853 sqft
Price per Sqft $1,577
MLS Listing ID CRPW24252742
HOA Y/N No
Year Built 1998
Lot Size 0.887 Acres
Acres 0.89
Property Sub-Type Retail
Property Description
Prime Commercial Investment Opportunity 11224 S Western Ave, Los Angeles, CA 90047 Developers – Don’t Miss This One! High-Potential Development Opportunity in a Prime LA Location! This 38,000 Sq Ft Lot is a rare gem in a high-traffic, high-visibility area of Los Angeles. Currently leased to Carl’s Jr. on a Triple Net (NNN) Lease, this property offers reliable passive income with exciting development potential as the lease nears expiration. Investment Highlights: Triple NNN Lease – Tenant pays property taxes, insurance, and maintenance Monthly Rental Income: $10,769 or 8% of gross sales (whichever is greater) Billboard Income: Additional $20,000/year Parking: 38 onsite spaces for customer convenience Lot Size: 38,000 Sq Ft Zoning/Development Potential: Buyer to verify The property is clean, well-maintained, and showcases pride of ownership. Its location in a bustling corridor with excellent foot and vehicle traffic makes it ideal for investors, developers, or entrepreneurs seeking a strategic Los Angeles asset. Contact us today to learn more about this incredible opportunity!
Location
State CA
County Los Angeles
Zoning LCC2
Interior
Heating Other
Cooling Central Air
Fireplace No
Exterior
Utilities Available Other
Building
New Construction No
Others
Tax ID 6077011041
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Listed by Leah Ivy Chang • Redpoint Realty