10727 S. Central Avenue, Los Angeles, CA 90059
Description
Maher Commercial Realty is pleased to present this unique opportunity to purchase an +/- 9,454 square foot parcel zoned C2-2D-CPIO which is currently under utilized with a 1,365 square foot fast food structure on the property. The building is located at the signalized corner of S. Central Avenue and E. 108th Street in South Central Los Angeles.
Using the TOC menu, a developer can build a +/- 39-unit development site. As a 100% affordable project, a buyer can build at least 65 units, or more if they chose to utilize the full height restriction of 108 feet.
This is a very good value at only $15,500 per buildable door as a100% affordable site and $25,000 per door as a TOC mostly market-rate site.
This is a prime corner lot located across the street from the LA County Social Services building and the Maxine Waters Employment Preparation Center, offering future tenants immediate access to social services.
This property is also a nicely built-out restaurant building with newer equipment and a drive-thru window. The property is available for lease at $3.75 NNN and can make a good investment property or owner-user property for a restaurant operator.
Property Features:
- Land Area Sq.Ft.: 8,798 (Per Zoning)
- Land Area Sq.Ft. For Development: 9,454 (8,798.5 + 656.25 increase for alley)
- Price Per Sq.Ft. on Land: $105.25
- Zoning: C2-2D-CPIO
- No. Of Units: TOC Menu: 39
- Price Per Unit: $25,512
- No. of Units 100% Affordable: 65
- Price Per Unit: $15,500
- Current Build-Out: Fast food restaurant with state-of-the-art equipment, two freezers, ice machine, commercial stove with hood, two bathrooms, drive-thru window, room for expansion to add more food services.
Address
-
Address 10727 S. Central Avenue, Los Angeles, CA
-
Country United States
-
Postal code/ZIP 90059
Get Directions
Contact
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093