Building Details

Year Built 1953

Listing Agency: Keller Williams Pacific Estates

Listed By: Rigoberto Barraza · License #01735683 Show Phone

Source: Myfabuloushome

Added: Jul 18 Changed: Oct 2 Last Checked: Oct 7 at 1:17PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Pacific Estates

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Investment Insights

Based on property information with market context.

This retail storefront property is offered for sale and located on S Western in Los Angeles, CA. The offering is classified as storefront/retail commercial real estate.

Directions note cross streets of Western and Century Blvd, providing straightforward wayfinding for prospective tenants, buyers, and brokers.

Additional details regarding the building configuration, size, and improvements are not provided with this listing, so buyers are encouraged to verify specifics during due diligence.

Key Highlights

• Storefront retail property on S Western near Century Blvd
• Cross streets are Western and Century Blvd
• Year built: 1953

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,239

Cap Rate

5.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$824,780 $824.8K

Cap Rate 7%

$589,129 $589.1K

Cap Rate 9%

$458,211 $458.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,777 SF

Gross rent

$65.7K $36.96/SF

− Vacancy

−$6.8K −$3.81/SF

EGI

$58.9K $33.15/SF

− OpEx

−$17.7K −$9.95/SF

NOI

$41.2K $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 Rate 5%

$824,780

Cap Rate 7%

$589,129

Cap Rate 9%

$458,211

Alternative Uses

Best Use

Retail

$589.1K

$515.5K – $687.3K (±1% cap)

NOI $41,239 @ 7.0% cap · market cap 5.50%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$36.00M

$31.50M – $42.00M (±1% cap)

NOI $2,520,067 @ 7.0% cap · market cap 336.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

615

Businesses Nearby

9k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 66% Dining 34%

Chevron Shops & Services

6,116 visits/mo 0.4 miles

Domino's Pizza Dining

3,168 visits/mo 0.4 miles

Demographics for 90047, CA

50,154

Population

18,042

Households

2.8

Avg Household Size

39

Median Age

21%

College-Educated

81%

High-School Grad

4.7 sq mi

ZIP Area

10,671

Density / Sq Mi

$70,187

Median Household Income

$39,898

Median Earnings

$1,492

Median Rent

$648,200

Median Home Value

Market

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Similar Off Market Nearby

• Phlip Florist -Same Day Flower Delivery Los Angeles, CA — 10714 S Western Ave, Los Angeles, CA 90047
• Lucy's flowers and gifts — 10710 Normandie Ave, Los Angeles, CA 90044
• People Collective, Inc. — 8930 s western ave, los angeles, ca 90047
• Bomb Flower — 8945 S Western Ave, Los Angeles, CA 90047

Frequently Asked Questions

What type of property is this?

Storefront property - Storefront retail property offered for sale on S Western near Century Blvd.

Where is this storefront property located?

The property is located at 10015 S Western Los Angeles, CA.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Storefront retail property on S Western near Century Blvd; Cross streets are Western and Century Blvd; Year built: 1953