23700 Western

Value-add retail investment opportunity on Western Ave with significant upside potential. Per Los Angeles County Tax Assessor records, the property consists of approximately 9,783 SF of gross building area across two separate buildings. The front building is approximately 1,764 SF and is currently improved as a casual dine-in / takeout restaurant with excellent street exposure and its own pylon signage. The rear building contains approximately 8,019 SF and is configured as a multi-tenant retail building with multiple storefront entrances, offering flexible suite layouts for a variety of retail or service uses.

Three units are currently vacant, the occupied units are below market rent, and all existing tenants are on month-to-month leases, creating exceptional repositioning and income-growth potential. This gives a new owner the rare flexibility to adjust rents to market, re-tenant the vacant spaces, and optimize the overall tenant mix. The property includes a common asphalt-paved parking lot with approximately 29 standard parking spaces plus 2 handicap spaces, along with separate pylon signage for both the retail and restaurant buildings. Excellent opportunity for an investor or owner-user seeking strong upside, leasing flexibility, and long-term value growth in a high-visibility commercial corridor.