Southern California commercial real estate
For Sale · Active
Los Angeles, CA 90005
Delivery: At close of escrow. Existing occupancy and any parking or access arrangements remain to be confirmed.
Ask about this propertyA street-front commercial building and rear paved lot in Koreatown, offered with vacant delivery at close of escrow.
Street FrontView 7 photos
Adjoining lots are not part of the offering.
Francisco Williams, CCIM
Francisco Williams, CCIM, Co-Listed by Williams Capital Advisors + Keller Williams Hollywood Hills. Call (213) 880-8107.
CalDRE #01979442 + #01997655
Posted Nov 7, 2026 · Updated Nov 7, 2026
Gallery
1 / 7 · Street Front
Adjoining lots are not part of the offering.
Ownership Thesis
A 2,526 SF commercial building and a rear paved lot on a 9,116 SF Koreatown parcel, offered with vacant delivery — for a business that wants to own its location instead of renting it, with ready-to-issue plans for 40 apartments (permit not issued; transfer of the plans to be confirmed) held in reserve.
Opportunity Highlights
01
A ± 2,526 SF commercial building and rear paved area on a ± 9,116 SF parcel, asking $2,600,000. Buy the real estate your business runs on instead of carrying lease and relocation risk, subject to lawful use and physical suitability.
02
The property is offered with vacant delivery. Existing occupancy and any third-party parking or access arrangements remain to be confirmed. No adjoining property or expansion right is included.
03
The 1947 building fronts West 7th Street, with a central drive aisle leading to the rear paved area — room for customer parking, vehicles, or staging, subject to lawful use, physical suitability, and confirmed parking and access rights.
04
The plans show C2-1 zoning in TOC Tier 3. The record use is commercial auto and equipment sales and service. Confirm that your intended use, permits, and any change-of-use work fit your business.
05
A proposed six-story program — 26 studios, 13 one-bedrooms, and 1 two-bedroom, including 4 extremely low-income units, over basement parking. Ready to issue; the permit has not been issued.
06
Near Metro transit, Southwestern Law School, Lafayette Park, Felipe de Neve Library, H Mart, and The Wiltern, with a mix of neighborhood shopping, dining, and services.
Property details
Property
Site & Building
Pricing
Proposed 40-Unit Program — Ready to Issue (Permit Not Issued)
Buyer Due Diligence
Ask the listing team
Ask about availability, property details, or next steps. You can start with an email from wherever you are.
An inquiry does not submit an offer or sign a confidentiality agreement.
Location
3036 W 7th St sits in Koreatown's Wilshire–Vermont corridor, ZIP 90005, near Metro transit at Wilshire/Vermont, Southwestern Law School, and a mix of neighborhood shopping, dining, and services.
Lafayette Park, the Felipe de Neve Library, H Mart, and The Wiltern round out the surrounding amenities. The map pin is 3036 W 7th St, checked against the U.S. Census geocoder and OpenStreetMap.
This page does not include traffic counts, rent comps, or a demographic study. Ask the listing team for anything beyond the facts printed here.
Deep Dive
For a business in central Los Angeles, the lease is often the biggest risk: rent increases, relocation, and losing a built-out location. 3036 W 7th St is offered as an owner-user purchase — a ± 2,526 SF street-front commercial building and rear paved lot on a ± 9,116 SF Koreatown parcel, asking $2,600,000, offered with vacant delivery at close of escrow.
One parcel at 3036 W 7th St, Los Angeles, CA 90005, assessor parcel number 5077-017-026. It holds a 2,526 SF commercial building built in 1947 that fronts West 7th Street, with a central drive aisle leading to a rear paved area. The parcel is about 9,116 SF (0.209 acre). No adjoining property or expansion right is included.
$2,600,000 with vacant delivery. That is $285.21 per square foot of land on 9,116 SF, or about $1,029 per square foot of building on 2,526 SF. This page states no rent, net operating income, or cap rate — the property is priced for a buyer who will occupy it.
The property is offered with vacant delivery at close of escrow. The mechanism and contractual terms for vacant delivery, existing occupancy, and any third-party parking or access arrangements remain to be confirmed.
Uses a buyer might evaluate, subject to zoning and lawful-use confirmation: auto and service businesses, contractors that need office and work space, and showroom or specialty retail users who want a central Los Angeles address. The record use is commercial auto and equipment sales and service, and the plans show C2-1 zoning. Whether a specific use — including any outdoor vehicle storage — is permitted, and what permits and improvements it needs, must be confirmed for the specific business.
The plans show C2-1 zoning in TOC Tier 3. The record use is commercial auto and equipment sales and service. Confirm the zoning, lawful occupancy, and any change-of-use requirements before relying on them.
The property has a proposed 40-unit residential program in ready-to-issue (RTI) status — the permit has not been issued, and the transfer of the plans and design rights to a buyer must be confirmed. The program is 26 studios, 13 one-bedrooms, and 1 two-bedroom, including 4 extremely low-income units, in 6 stories over basement parking, with 24,636 SF of residential area and 37,211 SF of building-code area. On the asking price alone, that is $65,000 per proposed unit and $69.87 per proposed building square foot, before construction and other costs.
A buyer should confirm the controlling approved plans, issuance fees and deadlines, parking requirements, the affordability covenant, and design-transfer rights. RTI status does not establish construction timing or economic feasibility. For an owner-user, the plans are upside held in reserve.
SBA 504 loans are built for owner-occupied commercial real estate, and SBA 7(a) loans can also finance an owner-occupied purchase. Both generally require the operating business to occupy at least 51% of an existing building. Eligibility is set by SBA rules and the lender, and SBA lenders require environmental review of real estate collateral — especially important on a site with an auto-service history. This page does not quote SBA terms; pre-screen with an SBA lender before writing an offer.
None was provided in the reviewed offering package. Because the record classification includes auto-related service, appropriate environmental review is warranted. Contamination is not established.
About 9,116 SF by GIS, and the pricing on this page uses that figure. The current Assessor record reports 9,120 SF. Earlier records show APN 5077-017-004 and 9,296 SF. The legal area and any street dedication require title and survey confirmation.
In Koreatown's Wilshire–Vermont corridor, Los Angeles, ZIP 90005 — near Metro transit at Wilshire/Vermont, Southwestern Law School, Lafayette Park, the Felipe de Neve Library, H Mart, and The Wiltern.
Francisco Williams, CCIM, Executive Vice President at Williams Capital Advisors, CalDRE #01979442, (213) 880-8107, is the primary listing broker. Laura Milshteyn, CalDRE #01997655, (310) 400-0430, is the co-listing agent. Tours are by appointment, and cooperating brokers are welcome.
Sources: Price, parcel and building areas, APN, year built, record use, zoning as shown in the plans, the ready-to-issue program (permit not issued), acquisition metrics, and due-diligence notes are from the October 2026 offering materials. Owner-user positioning follows Williams Capital Advisors' 2026 marketing strategy. The map pin was checked against the U.S. Census geocoder and OpenStreetMap. SBA program rules are general and not a loan quote. Information is deemed reliable but not guaranteed; buyer to independently verify zoning, permits, entitlements, environmental condition, financing, title, and occupancy.
Exclusively Co-Listed By
A dual-brokerage partnership pairing WCA-led institutional CRE advisory with Keller Williams Hollywood Hills. Either one reaches the same deal team.
Williams Capital Advisors · Listing Broker
Executive Vice President
Keller Williams Hollywood Hills · Co-Listing Agent
Senior Vice President
Williams Capital Advisors (DRE 02030467, powered by Exp Commercial of California, Inc., DRE 02134436) and Keller Williams Hollywood Hills operate independently but collaborate exclusively on this listing; Francisco Williams (CalDRE #01979442) is the listing broker, and Laura Milshteyn (CalDRE #01997655) is the co-listing agent. Cooperating brokers are welcome. Commission terms are available from the listing team.
Letter of Intent
For qualified buyers prepared to transact. Indicate your offered price, deposit, contingency periods, and source of funds. The listing team represents the owner; it will acknowledge your LOI and present it for the owner's decision. An LOI is non-binding: the owner may accept, counter, or reject any offer, and no agreement exists until a purchase agreement is signed by both parties.
Disclaimer
The information on this page is from the October 2026 offering materials, Williams Capital Advisors' 2026 marketing materials, and site photographs. It has not been independently verified by Williams Capital Advisors or any co-listing brokerage. Parcel area uses 9,116 square feet by GIS; the Assessor and earlier records report different figures, and legal area and street dedication require title and survey confirmation. Zoning is as shown in the plans. The 40-unit program is in ready-to-issue status and the permit has not been issued; plans and renderings describe a proposed project, and RTI status does not establish construction timing or economic feasibility. No environmental assessment was provided in the reviewed offering package. Vacant delivery, existing occupancy, and any parking or access arrangements are subject to confirmation. SBA program references are general and are not a loan quote. Prospective purchasers should consult their own tax, legal, environmental, and financial advisors and independently verify legal use, permits, condition, entitlements, and title before any decision. Neither Williams Capital Advisors (DRE 02030467, powered by Exp Commercial of California, Inc., DRE 02134436), any co-listing brokerage, the property owner, nor their representatives assume liability for errors, omissions, or decisions made in reliance on this information. The listing is subject to prior sale, price change, or withdrawal without notice. This page is not an offer or a legal obligation. Any transaction requires a fully executed purchase and sale agreement. Cooperating brokers are welcome. Commission terms are available from the listing team.
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