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Retail Space Listed at 3009 Wabash Avenue in Los Angeles

Retail Space Listed at 3009 Wabash Avenue in Los Angeles
FOR SALE

$1,108,800

3009 Wabash Avenue, Los Angeles, CA 90063

Property Description

CAREBF | eXp Commercial is pleased to present. Puerta de Wabash (The Wabash Gateway), a unique commercial property located at 3009 Wabash Avenue in the heart of Boyle Heights, Los Angeles. Positioned for significant growth, the offering includes a 3,850 SF building on a substantial 9,338 SF lot, providing a blank canvas for a visionary owner-user or developer. With tenants on flexible month-to-month leases, the property offers a clear path to capitalize on the area's unstoppable momentum, driven by new development and a vibrant local economy. 


Capitalize on Boyle Heights’ Growth: Seize a rare redevelopment opportunity on a 9,338 SF C2-zoned, Tier 1 T.O.C. lot directly across from a new 4-story, 55-unit apartment community. The site offers clear potential for a future mixed-use or residential project of up to 25 units. 


Unmatched Owner-User Flexibility: This is an ideal opportunity for a business to control its future. All retail tenants are on flexible month-to-month leases, allowing for quick occupancy. Functionality is significantly enhanced by a rare, recorded easement providing direct rear access from N Evergreen Avenue for private parking and deliveries. 


Visionary Land Assemblage Potential: Unlock unmatched scale by exploring the potential for a long-term land assemblage of the entire block. This 9,338 SF parcel can serve as the key cornerstone for a master-planned development, allowing a developer to control a significant footprint in this rapidly densifying neighborhood.


Property Details

Asset Type

Retail

Year Built

1923

Zoning

C2

Lot Size

9,338 SF

Neighborhood

Boyle Heights

Submarket

Los Angeles

ZIP

90063

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$63,075

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$5,256

Annual Debt Service

$63,075

View on Map

Address

3009 Wabash Avenue

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Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Eric S. Chavez, CCIM
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Eric S. Chavez, CCIM

President

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Eric S. Chavez, CCIM
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Eric S. Chavez, CCIM

President

13 closed

Call