Property Detail

Description

Owner-user and mixed-use development opportunity in Boyle Heights. 3009–3015 Wabash Avenue consists of approximately 3,850 SF of commercial improvements on approximately 9,341 SF of land. The property is zoned [LM3-G2-3][CX5-8][CPIO], supporting residential and neighborhood-serving commercial uses. All three storefront tenants are currently month-to-month, providing ownership flexibility to deliver the commercial building vacant at close of escrow. The property is also subject to an existing Lamar Advertising billboard lease; Lamar has advised that the current term extends through December 31, 2029. Buyer to independently review and verify the billboard lease and all development rights. Located directly across from a new 55-unit residential development. Asking price: $1,470,700, approximately $382/SF.