$386.50 Per Sq Foot $4,826 est/mo Sourced by Back At You

5400 S Broadway,Los Angeles, CA 90037

Los Angeles CA, 90037

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Description

REDUCED To Sell! We are proud to exclusively present for sale a free-standing Retail Property with Development Potential, perfect for owner-user, investor, or developer! This prime retail property is situated on a signalized corner on Broadway at 54th Street. The property benefits from tremendous visibility, featuring 50 feet of frontage on Broadway and 130 feet on 54th St. The property is currently owner-occupied and will be delivered vacant at the close of escrow. The property is currently operating as a Marijuana Dispensary. The site is perfectly suited for an Owner-User and seems well situated for the possibility of housing a Marijuana Dispensary or other Marijuana Use. The property's generous parking provisions is comprised of 9 side-by-side parking spaces, (including one accessible space) as well as a tandem space that can accommodate up to 3 vehicles. The owner has invested in significant capital improvements as the property has undergone thoughtful updates over the years, including the installation of newer windows, electrical system enhancements, and a completely paid-off Solar Panel System. The C2-1VL- CPIO Tier 2 zoning designation and is ED1 Eligible allows for potential development of up to 28 +/- Units, which would translate to just around $32K per door, making the site perfect for Low Income Housing. The property has easy access to the 110 freeway, a Very Walkable designation by Walk Score and lots of restaurants and retail in the area. The building features roll-down doors, protected windows and gated parking, ensuring both safety and convenience for its future occupants.

Details

MLS#23325229
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1935
Days On Site271
Listing Provided ByKeller Williams Beverly Hills 310-432-6400 | Jonathan Tran

Features

SQ Feet2,326
Story(s)1
Units1
Building(s)1
ZoningC2-1VL-CPIO Tier 2
Acreage0.15

Market Activity 90037

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$899,000
low | high
Med:
$775,000
63.793103448276% of Average
SqFt:
2,326
low | high
Med:
2,366
48.280309544282% of Average
$ / SqFt:
$387
low | high
Med:
$328
65.250531961407% of Average
On Site:
271
low | high
Med:
88.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 1:39:50 PM PDT