Retail•Street Retail•For Sale

Mixed-Use Retail Residential

4500 S. Broadway, Los Angeles, California 90037

Sale Price $2,795,000
Zoning LA-C2-2D-CPIO
Bldg Type Multi-Tenant
Year Built 1911
Gross Bldg 13,500 SqFt
Land Area .32 Acres
KW Commercial is pleased to present this 13,500 SF 2-Story Mixed-Use: Retail / Residential building on 14,131 SF C2 zoned tier 3 corner lot. The lot provides excellent frontage; 98 feet along Broadway and 141 feet along 45th St. The ownership has installed new electrical, new plumbing, new HVAC systems, upgraded to 800 AMP electrical panels, upgraded to a 2 inch water meter, installed water sub-meters, replaced the windows, installed gates, & placing new stucco exterior. The end result will consist of 2 retail space with high ceilings, one of which has a mezzanine space, both retail spaces can be combined into a single unit on the ground floor and 1 (3 bedroom + 2 bath units), 1 (2 bedroom + 2 bath units), 2 (2 bedroom + 1 bath units), and 1 (1 bedroom + 1 bath unit) on the second floor. This offering will attract an investor looking to purchase a renovated Mixed-Use building, or a developer looking to take advantage of the lot size and tier 3 designation in a densely populated area of Los Angeles. The subject property is located just one block south of W. Vernon Ave. on the Southeast corner of S. Broadway & W. 45th St. It is directly across the street 4501 S. Broadway, which will be converted into a 41 unit affordable housing complex. The property has great freeway access; less than 1/4 of a mile from the 110 freeway. The area provides excellent demographics with over 70,000 people residing within a 1-mile radius and over 475,000 people residing within a 3-mile radius.
  • - APPROXIMATELY 13,500 SF MIXED-USE BUILDING ON 14,131 SF C2 ZONED CORNER LOT.
  • - CURRENTLY UNDER RENOVATION - NEW PLUMBING & ELECTRICAL THROUGHOUT.
  • - UNIT MIX CONSIST OF 2 LARGE RETAIL SPACES, 1-(3 BED + 2 BATH), 2-(2 BED + 1 BATH), 1-(2 BED + 2 BATH) & 1-(1 BED + 1 BATH).
  • - GREAT FREEWAY ACCESS; LESS THAN 1/4 OF A MILE FROM THE 110 FREEWAY.
  • - DIRECTLY ACROSS THE STREET FROM A FUTURE 41 UNIT AFFORDABLE HOUSING COMPLEX!!!
  • - EXCELLENT DEMOGRAPHICS: OVER 70,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 475,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.
3/6/2020 9:41:39 PM 3/23/2020 11:02:47 PM
David Yashar
Director
L.A. Westside
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