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Listed by Leah Ivy Chang • Redpoint Realty
$4,500,000
Est. payment /mo
Active
11224 South Western Avenue Los Angeles, CA 90047
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-24252742
Year Built 1998
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
Area C36 - Metropolitan Southwest
Zoning LCC2-P
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Utilities Available Water Available, Electricity Available, Natural Gas Available, Phone Available
Building
Lot Description Lot 20000-39999 Sqft, Corner Lot, 0-1 Unit/Acre