$1,690,000
Proudly presenting 115 N Western Ave, an excellent opportunity to acquire a versatile retail property located in the heart of Koreatown along high-traffic Western Avenue. Situated on approximately 7,957 SF of land with an existing 5,160 SF building zoned C2, this property offers exceptional flexibility for a wide range of uses. Ideal not only for investors and developers, but also for owner-users seeking a prime location for retail / showroom / lifestyle brand / restaurant / cafe / dessert / bakery / creative office / marketing / communication firm / medical / wellness / beauty / service businesses / warehouse-style retail or hybrid office + storage use. The strong visibility and heavy foot and vehicle traffic make it especially well-suited for businesses looking to establish a presence in one of LA's most dynamic commercial corridors. For those looking to reposition or expand, the property also presents the potential to develop approximately 30 residential units or pursue a mixed-use project with ground-floor commercial and residential units above. While there is no on-site parking, this is typical for Koreatown's urban setting. The location benefits from ample surrounding street parking, and there may be opportunities to coordinate off-site parking arrangements with nearby commercial establishments, enhancing convenience for customers and tenants. Koreatown continues to be one of the most vibrant and rapidly evolving neighborhoods in Los Angeles, making this property a compelling opportunity for immediate use, long-term hold, or future redevelopment.
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Listed by MiJeong Kim with Mi Jeong Kim (213) 503-8070
Property Type
Commercial Sale
Status
Active
MLS Number
26672427
Year Built
1922
Lot Size
7,958 sq ft