Two-Level Conventional Restaurant
For Sale
$1,200,000
1064 N Kingsley, Los Angeles, CA 90029
Restaurant property with a second-floor living-area buildout completed without permits.
Property Size1,980 SF
Days on Market51
Property Features for 1064 N Kingsley
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Retail
Building Details
Building Size
1,980 SF
Year Built
1969
Listing Agency:
Eastside Properties
Listed By:
Dan Morales · License #00526543
(323) 490-7057
Source:
Archetyperealty
Added: Aug 18
Changed: Oct 1
Last Checked: Oct 5 at 11:03PM
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 Eastside Properties
Investment Insights
Based on property information with market context.
Built in 1969, 1064 N Kingsley is a conventional restaurant property in Los Angeles. The restaurant has remained closed for approximately a decade. A second-floor area was configured as living quarters for the owner/operator, with that buildout completed without permits.
The sale includes 5180 Santa Monica Blvd. The property is located in Los Angeles, CA 90029, with a Walk Score of 89, a BikeScore of 70, and a TransitScore of 67. These scores indicate Very Walkable, Very Bikeable, and Good Transit conditions, respectively.
The sale includes 5180 Santa Monica Blvd. The property is located in Los Angeles, CA 90029, with a Walk Score of 89, a BikeScore of 70, and a TransitScore of 67. These scores indicate Very Walkable, Very Bikeable, and Good Transit conditions, respectively.
Key Highlights
- Conventional restaurant property at 1064 N Kingsley, Los Angeles, CA 90029
- Built in 1969
- Restaurant has been closed for approximately 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,623
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,460
$1.1M
Cap Rate 7%
$766,043
$766.0K
Cap Rate 9%
$595,811
$595.8K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$73.2K $36.96/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$71.5K $36.11/SF
− OpEx
−$17.9K −$9.03/SF
NOI
$53.6K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,460
Cap Rate 7%
$766,043
Cap Rate 9%
$595,811
Alternative Uses
Best Use
Specialty Retail
$766.0K
$670.3K – $893.7K
NOI $53,623 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.11M
$35.10M – $46.80M
NOI $2,807,953 @ 7.0% cap · market cap 234.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with a second-floor living-area buildout completed without permits.
Where is this conventional restaurant located?
The property is located at 1064 N Kingsley Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Conventional restaurant property at 1064 N Kingsley, Los Angeles, CA 90029; Built in 1969; Restaurant has been closed for approximately 10 years
