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
30 years
10 years
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
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