0.89 Acres Lot
0.89 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24252742
HOA Y/N No
Year Built 1998
Lot Size 0.887 Acres
Property Sub-Type Retail
Property Description
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
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Water Available
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 1
Water Public
Others
Tax ID 6077011041
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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6050 Santo Road # 270, Diego, California, 92124, United States