9600 S Western Avenue, Los Angeles, CA 90047

• 8,127 sqft

Property Description

9600-9616 S. Western Avenue is a rare three-parcel corner assemblage totaling approximately 24,551 square feet (0.56 acres) at the prominent southeast corner of S. Western Avenue and W. 96th Street in the heart of South Los Angeles. The existing improvements total approximately 8,127 square feet across two purpose-built structures: a licensed preschool campus (6,195 SF) and a church sanctuary (1,932 SF). A third vacant land parcel rounds out the assemblage, offering near-term income from commercial uses such as a recycling center or tow yard. Together, the three components project an estimated $15,264 per month in gross income and approximately $146,434 in annual net operating income, supporting the $1,895,000 asking price at a pro forma cap rate of approximately 7.73%. The site is zoned C2-1VL-CPIO and located within a Transit Oriented Communities (TOC) Tier 2 designation, one of the most favorable development overlays in the City of Los Angeles, enabling 98 residential units by right under TOC and over 100 units under Executive Directive 1 (ED1) with no public hearing required. For an owner-user, a licensed preschool operator, faith-based institution, or community education organization, $1,895,000 represents approximately $233 per square foot for 8,127 SF of purpose-built improvements: a fully configured 6,195 SF preschool campus plus a 1,932 SF church sanctuary with fellowship hall, and a vacant land component that can support parking, outdoor programming, or supplemental lease income. Replacement cost for comparable purpose-built preschool and institutional space in Los Angeles routinely exceeds $500 per square foot, making this an acquisition price that simply cannot be replicated through new construction. A qualified operator can assume or transfer the existing CDSS preschool license (buyer to verify) and be operational with minimal capital expenditure. For a private investor, the site offers three independent income streams, the preschool, the church, and the vacant land parcel, with diversified tenant and use profiles that reduce single-tenant concentration risk. The pro forma income supports the asking price at a 7.73% cap rate, while stabilization of all three components reprices the asset toward the 6.4% scenario, representing an estimated $185,000 in embedded value creation. The Western Avenue corridor continues to attract new multifamily and mixed-use investment, and the TOC Tier 2 designation provides a natural developer exit as land values

Listing Status:

Active

Date Added:

March 5, 2026

Data Last Updated:

August 12, 2026 at 7:06AM

Listing Office:

Maher Commercial Realty : 310-464-1453

Listing Agent:

Oron Maher : 310-464-1453

MLS ID:

CL26660467

Exterior

• Parking: Parking spaces: 0

Location

• County: Los Angeles

Lot

• Zoning: C2-1VL-CPI6055022028