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    1401 W 3rd Street W Los Angeles, CA 90017

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    Claim this Listing
    For Sale
    $60,000

    Business Opportunity - Los Angeles, CA

    Added:
    Nov 6, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 28 at 8:06 am

    Property Features for 1401 W 3rd Street W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5153028001

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Salvador Ortuno Bermudez

    Listing agent Salvador Ortuno Bermudez License #02100849

    Listing office Century 21 Allstars 9155 Telegraph Rd, Pico Rivera, CA

    Listing date Nov 6, 2025

    MLS# DW25254858 Listing URL

    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.

    Overview

    Los Angeles Market & Deli

    This is a business opportunity for the sale of Lupita's Corner, a market and deli in Downtown Los Angeles. The business has been operating for over 30 years and is located in a convenient area surrounded by schools, offices, and apartments. The market offers deli items, fresh sandwiches, tortas, fresh juices, natural aguas frescas, dairy products, ice cream, and essential market products. There is potential for business growth. Included in the sale is equipment such as a walk-in cooler, ham cutter slider, deli fridge, fruit fridge, coffee maker, nachos maker, panini sandwich maker, juice maker, ice cone maker, over six merchandise stands, and a counter with a money register. The property is located in Los Angeles, CA, with the postal code 90017.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lupita's Market Food Market Senovva Media Distribution INVENT Institute of Venue ... Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pershing Square Farmers Market — 532 S Olive St, Los Angeles, CA 90013
    • Target Grocery — 735 S Figueroa St, Los Angeles, CA 90017
    • Aperture at City Club LA — 555 Flower St Floor 51, Los Angeles, CA 90012
    • Green Life Market — 664 S Bixel St, Los Angeles, CA 90017
    • Arbor Restaurant at City Club Los Angeles — 555 Flower St Floor 51, Los Angeles, CA 90012

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.261703
    Latitude
    34.058465

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    FAQs

    What type of property is this?
    Grocery and convenience store - Established market and deli business opportunity in Downtown Los Angeles.
    Where is this grocery and convenience store located?
    The property is located at 1401 W 3rd Street W Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Established business (30+ years) in a high‑traffic downtown Los Angeles location.; Turnkey operation: **All equipment included in the sale** (walk‑in cooler, deli fridge, etc.).; **Prime location** surrounded by schools, offices, and apartments.
    (562) 313-1065
    We can help!
    Listing Contact
    Salvador Ortuno Bermudez
    Real Estate License ID: 02100849
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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