Multi-Tenant Retail
For Sale
$2,300,000
1228 Sepulveda Boulevard, Harbor City, CA 90710
Commercial Sale, Harbor City, CA
Property Size8,148 SF
Lot Size0.60 Acres
Price / SF$282.28
Days on Market85
Property Features for 1228 Sepulveda Boulevard
General Information
Property type
Residential
Property subtype
Retail
Directions
Sepulveda Blvd. & Normandie
Subdivision
124 - Harbor City
Standard status
Active
APN
7409001049
Lot size
0.60 Acres
Building Details
Year built
1966
Listing Agency:
Estate Properties
(310) 378-9889
Listed By:
Scott Briscoe · License #01753474
(310) 378-9494
Added: Jun 3
Changed: Aug 24
Last Checked: Aug 26 at 5:06AM
MLS# SB26143402
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant retail property at 1228 Sepulveda Boulevard comprises three free-standing buildings with 8,148 square feet of gross leasable area on 26,350 SF of land. Built in 1966, the site includes ample on-site parking and passive billboard income.
The property fronts Sepulveda Boulevard in Harbor City and is adjacent to new multifamily and retail developments. Access to the 110, 405, and 91 freeways supports regional connectivity. Flexible zoning accommodates a range of stated uses, including retail, office, manufacturing, church, and R4 uses.
The property fronts Sepulveda Boulevard in Harbor City and is adjacent to new multifamily and retail developments. Access to the 110, 405, and 91 freeways supports regional connectivity. Flexible zoning accommodates a range of stated uses, including retail, office, manufacturing, church, and R4 uses.
Key Highlights
- Three free‑standing buildings totaling 8,148 square feet of gross leasable area
- 26,350 SF land parcel on Sepulveda Boulevard
- Flexible zoning supports retail, office, manufacturing, church, and R4 uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$189,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,781,840
$3.8M
Cap Rate 7%
$2,701,314
$2.7M
Cap Rate 9%
$2,101,022
$2.1M
Market Conditions
NOI Build-Up for 8,148 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$301.2K $36.96/SF
− Vacancy
−$31.0K −$3.81/SF
EGI
$270.1K $33.15/SF
− OpEx
−$81.0K −$9.95/SF
NOI
$189.1K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,781,840
Cap Rate 7%
$2,701,314
Cap Rate 9%
$2,101,022
Alternative Uses
Best Use
Retail
$2.70M
$2.36M – $3.15M
NOI $189,092 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$165.07M
$144.44M – $192.59M
NOI $11,555,151 @ 7.0% cap · market cap 502.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 90710, CA
26,605
Population
9,861
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
84%
High-School Grad
2.3 sq mi
ZIP Area
11,567
Density / Sq Mi
$77,486
Median Household Income
$40,216
Median Earnings
$1,547
Median Rent
$648,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Flexible zoning supports retail, office, manufacturing, church, and R4 uses.
Where is this retail space located?
The property is located at 1228 Sepulveda Boulevard Harbor City, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Three free‑standing buildings totaling 8,148 square feet of gross leasable area; 26,350 SF land parcel on Sepulveda Boulevard; Flexible zoning supports retail, office, manufacturing, church, and R4 uses
