Versatile Building Near SoFi
10511 S Western, Los Angeles, CA 90047
For Sale
$1,650,000
Pending
4173 SF building on 11,543 SF lot near SoFi.
Property Size4,173 SF
Lot Size0.27 Acres
Days on Market346
Property Features for 10511 S Western
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
MARSHALL FUNDING GROUP
Listed By:
Michael Flanagan · License #1068661
(626) 695-2538
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Jul 22 at 3:33AM
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 MARSHALL FUNDING GROUP
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Investment Insights
Based on property information with market context.
This 4173 square foot building is situated on two lots totaling 11,543 square feet. The interior features 13 rooms, a lunch room, and two restrooms. The gated lot includes private parking and is located on Western Avenue, which experiences heavy traffic. Historically, the property was a popular restaurant for jockeys from the Hollywood race track. It has also served as a church, health agency, and professional office. The property's LA C2 zoning and its location near SoFi Stadium and Kia Forum offer versatility for future use.
Key Highlights
- Prime location near SoFi Stadium and Kia Forum.
- Flexible LA C2 zoning allows for diverse business opportunities.
- High‑traffic exposure on Western Ave.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,051
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,020
$2.0M
Cap Rate 7%
$1,415,014
$1.4M
Cap Rate 9%
$1,100,567
$1.1M
Market Conditions
NOI Build-Up for 4,173 SF
Gross rent
$162.2K $38.88/SF
− Vacancy
−$30.2K −$7.23/SF
EGI
$132.1K $31.65/SF
− OpEx
−$33.0K −$7.91/SF
NOI
$99.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,020
Cap Rate 7%
$1,415,014
Cap Rate 9%
$1,100,567
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,051 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$1.38M
$1.21M – $1.61M
NOI $96,844 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$84.54M
$73.97M – $98.63M
NOI $5,917,973 @ 7.0% cap · market cap 358.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$648,200
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Los Angeles, CA
Properties on Market for Storefront properties in Los Angeles
Vacancy Rate% for Office in West region
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
Frequently Asked Questions
What type of property is this?
Storefront property - 4173 SF building on 11,543 SF lot near SoFi.
Where is this storefront property located?
The property is located at 10511 S Western Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location near SoFi Stadium and Kia Forum.; Flexible LA C2 zoning allows for diverse business opportunities.; High‑traffic exposure on Western Ave.
