Mixed-Use Building on Western
For Sale
Contact for pricing
10817 S Western Ave, Los Angeles, CA 90047
Two-story mixed-use building, ideal for owner-user or value-add investor.
Property Size3,549 SF
Lot Size0.14 Acres
Price / SF$351.93
Days on Market154
Property Features for 10817 S Western Ave
General Information
Standard status
Active
Size
3,549 SF
Total Parking Spaces
12
Lot size
0.14 Acres
Property subtype
Retail, Multifamily, Office, Mixed Use
Zoning
LCC1
Occupancy
40%
Lease Type
Gross
Building Details
Year Built
1988
Units
12
Tenancy
Multi
Listing Agency:
COMMERCIAL BROKERS INTERNATIONAL
Listed By:
Jaleh Hendizadeh · License #01453581
(310) 979-0800
Source:
Crexi
Added: May 14
Changed: Oct 8
Last Checked: Oct 12 at 8:12PM
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 COMMERCIAL BROKERS INTERNATIONAL
Investment Insights
Based on property information with market context.
The property is a 3,549 square foot two-story mixed-use building situated on a 6,250 square foot lot with alley access. It is suitable for an owner-user or a value-add investor. The ground floor previously operated as a laundromat and includes existing equipment and vendor machines. The business ceased operations in February 2026. The condition of the equipment varies, presenting an opportunity to repair, replace, or repurpose the space for alternative retail or service use. The second floor features an office/residential unit that is currently leased month-to-month at $1,900 per month, providing in-place income and flexibility. The property is offered as a value-add or redevelopment opportunity and is not being marketed as a stabilized cap rate investment.
Key Highlights
- Mixed‑use building offering commercial and residential possibilities.
- Value‑add or redevelopment opportunity to maximize potential.
- Ground floor features a former laundromat with existing equipment.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,867
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
$1.4M
Cap Rate 7%
$1,026,671
$1.0M
Cap Rate 9%
$798,522
$798.5K
Market Conditions
NOI Build-Up for 3,549 SF
Gross rent
$127.8K $36.00/SF
− Vacancy
−$12.8K −$3.60/SF
EGI
$115.0K $32.40/SF
− OpEx
−$43.1K −$12.15/SF
NOI
$71.9K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
Cap Rate 7%
$1,026,671
Cap Rate 9%
$798,522
Alternative Uses
Best Use
Mixed Use
$1.03M
$898.3K – $1.20M
NOI $71,867 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$71.90M
$62.91M – $83.88M
NOI $5,033,043 @ 7.0% cap · market cap 402.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building, ideal for owner-user or value-add investor.
Where is this mixed-use property located?
The property is located at 10817 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Mixed‑use building offering commercial and residential possibilities.; Value‑add or redevelopment opportunity to maximize potential.; Ground floor features a former laundromat with existing equipment.**
