CA > Los Angeles
Los Angeles, CA 90037,5400 S Broadway
Los Angeles, CA 90037,5400 S Broadway
Los Angeles, CA 90037,5400 S Broadway
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$899,000
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2,326 SqFt
Active Under Contract

5400 S Broadway Los Angeles, CA 90037

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Chan Wathen

Chan Wathen

+1(702) 461-7869

UPDATED:

12/19/2024 07:19 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,326 sqft

Price per Sqft $386

MLS Listing ID 23-325229

Year Built 1935

Lot Size 6,527 Sqft

Acres 0.1498

Property 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning C2-1VL-CPIO Tier 2

Interior

Heating Other

Exterior

Garage Spaces 9.0

Roof Type Other

Building

Story 1

Others

Special Listing Condition Standard

TheMLS (CLAW)
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Listed by Keller Williams Beverly Hills

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Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

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5400 S Broadway