Property Details


Year Built: 1988
Price / SqFt: $282
CAP: 4.84%

Executive Summary


DOWNLOAD OFFERING MEMORANDUM

4625 S Central Ave is an owner-user, development, or investment opportunity in Central Vermont just south of E Vernon Ave and S Central Ave. With easy access to the I-10 and I-110 and Downtown Los Angeles this area is ideal with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists of an auto repair shop, smog shop, residential, and other retail tenants; current income is $119,880 annually.

This investment opportunity is ideal for an owner-user to take over the automotive shop or smog shop while collecting income from leasing the other spaces or to take over the entire property to operate a business. The subject property built in 1988 is currently zoned C2-1-CPIO in a Tier 2 TOC on a 9,361 SF lot in a highly trafficked location, there is potential to build 39 units utilizing the density bonus. The Central Vermont market remains one of the most desirable submarkets for living and working. With easy access to the University of Southern California and Downtown Los Angeles this submarket is ideal for an owner-user to operate a business.

Area Overview

SouthPark

South Park is a neighborhood in southeast Los Angeles between the Harbor Freeway and Central Avenue. Overwhelmingly residential, South Park is an expanse of modest Craftsman homes surrounding the park from which it takes its name. 

This stretch of the city was originally home to the citrus groves and vegetable gardens of immigrants from Japan and China. As the city outgrew its original boundaries and began to spread out in an orderly north-south grid pattern, trolley lines began to ply the broad new boulevards and avenues, serving the new suburban tracts south of downtown. Close to downtown, USC and Exposition Park, and convenient to the Blue and Expo Lines, South Park is in the heart of the revitalizing central city. 

DOWNLOAD OFFERING MEMORANDUM

Interested In This Property?

Fill out the form below to learn more.

  • This field is for validation purposes and should be left unchanged.