5400 S Broadway

Los Angeles , CA 90037

MLS#: 23325229

$899,000

Status: Closed
Listing number: 23325229
Listing provided by: Keller Williams Beverly Hills
Listing agent phone: None
Last update: 6 months ago
On site: 1 year, 9 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1935

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1498

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $899,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

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Listing Courtesy of Jonathan Tran , Keller Williams Beverly Hills

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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.

5400 S Broadway

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