Building Details

Building Size 7,250 SF

Year Built 1926

Properties For Sale

at 1015-1019 San Julian Street

Available Space Not For Lease

Size 7,250 SF

FOR SALE Sale Price: $2,800,000.00 Sale Price/SF: $386.21 3 Restrooms Possession: COE Please verify all information herein as broker does not warrant its accuracy.

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Listing Agency: Daum Commercial

Listed By: Sean Kim · License #CA 02030559 Show Phone

Source: Daumcommercial

Added: Apr 3 Changed: Oct 5 Last Checked: Oct 7 at 8:25AM

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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 Daum Commercial

Investment Insights

Based on property information with market context.

This property features three commercial units totaling approximately 7,250 square feet. The property is suitable for wholesale or retail storefronts. It presents an opportunity for either an owner-user or an investor. The property benefits from alley access, facilitating easy loading and unloading. It is located within the boundaries of the DTLA 2040 Plan.

Key Highlights

• Excellent owner‑user/investment opportunity
• 3 commercial units comprised of ±7,250 sf
• Situated within the boundaries of the DTLA 2040 plan

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$168,252

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,365,040 $3.4M

Cap Rate 7%

$2,403,600 $2.4M

Cap Rate 9%

$1,869,467 $1.9M

Market Conditions

NOI Build-Up for 7,250 SF

Gross rent

$268.0K $36.96/SF

− Vacancy

−$27.6K −$3.81/SF

EGI

$240.4K $33.15/SF

− OpEx

−$72.1K −$9.95/SF

NOI

$168.3K $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%

$3,365,040

Cap Rate 7%

$2,403,600

Cap Rate 9%

$1,869,467

Alternative Uses

Best Use

Retail

$2.40M

$2.10M – $2.80M (±1% cap)

NOI $168,252 @ 7.0% cap · market cap 6.01%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$146.88M

$128.52M – $171.36M (±1% cap)

NOI $10,281,645 @ 7.0% cap · market cap 367.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Adult Day Care Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Nursing Home

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

12,676

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90015, CA

27,324

Population

14,635

Households

1.9

Avg Household Size

34

Median Age

48%

College-Educated

79%

High-School Grad

1.7 sq mi

ZIP Area

16,073

Density / Sq Mi

$63,211

Median Household Income

$47,819

Median Earnings

$2,385

Median Rent

$1,000,800

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Three commercial units totaling 7,250 SF in Downtown Los Angeles.

Where is this storefront property located?

The property is located at 1015-1019 San Julian Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Excellent owner‑user/investment opportunity; 3 commercial units comprised of ±7,250 sf; Situated within the boundaries of the DTLA 2040 plan