Mixed-Use Property with
11310 S Olive, Los Angeles, CA 90061
For Sale
$2,900,000
Three retail spaces accompany residences ranging from one to four bedrooms.
Property Size11,732 SF
Price / SF$247.19
Days on Market167
Property Features for 11310 S Olive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
RICO & RICO REALTY AND ASSOCIATES
Listed By:
CONSUELO RODRIGUEZ · License #01762067
(323) 317-5151
Source:
Donhellergroup
Added: May 26
Changed: Nov 7
Last Checked: Nov 7 at 3:08PM
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 RICO & RICO REALTY AND ASSOCIATES
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Investment Insights
Based on property information with market context.
Built in 2016, this 11,732-square-foot mixed-use property contains three retail spaces and residential units in several configurations. The described residential mix includes one one-bedroom, one-bathroom unit; three three-bedroom, two-bathroom units; five four-bedroom, two-bathroom units; and two two-bedroom, one-bathroom units. Two newly built ADUs are also included and are ready to be rented.
Key Highlights
- Built in 2016
- 11,732 square feet
- Three retail spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$237,573
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,751,460
$4.8M
Cap Rate 7%
$3,393,900
$3.4M
Cap Rate 9%
$2,639,700
$2.6M
Market Conditions
NOI Build-Up for 11,732 SF
Gross rent
$422.4K $36.00/SF
− Vacancy
−$42.2K −$3.60/SF
EGI
$380.1K $32.40/SF
− OpEx
−$142.5K −$12.15/SF
NOI
$237.6K $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%
$4,751,460
Cap Rate 7%
$3,393,900
Cap Rate 9%
$2,639,700
Alternative Uses
Best Use
Apartment 5plus
$207.41M
$181.49M – $241.98M
NOI $14,518,984 @ 7.0% cap · market cap 500.65%
Second Best
Retail
$3.89M
$3.40M – $4.54M
NOI $272,267 @ 7.0% cap · market cap 9.39%
Theoretical Best
Multifamily LT 5
$237.68M
$207.97M – $277.30M
NOI $16,637,829 @ 7.0% cap · market cap 573.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
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Business Placement
Demographics for 90061, CA
29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three retail spaces accompany residences ranging from one to four bedrooms.
Where is this mixed-use property located?
The property is located at 11310 S Olive Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Built in 2016; 11,732 square feet; Three retail spaces
