Two-Story Retail
For Sale
Contact for pricing
1139 Glendon Ave, Los Angeles, CA 90024
Vacant commercial space with a basement and elevator offers flexible retail or restaurant configuration.
Property Size11,019 SF
Price / SF$612.58
Days on Market235
Property Features for 1139 Glendon Ave
General Information
Standard status
Active
Size
11,019 SF
Property subtype
RETAIL
Amenities
basement
elevators
Building Details
Buildings
1
Stories
2
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 966-4352
Listed By:
T.C. Macker · License #CA 01232033
Source:
Moodyscre
Added: Jan 7
Changed: Aug 29
Last Checked: Aug 29 at 1:40PM
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 WESTMAC Commercial Brokerage Company
Investment Insights
Based on property information with market context.
Located at 1139 Glendon Ave in Los Angeles, this 11,019-square-foot retail and restaurant property includes two stories, a basement, and an elevator. The building is delivered vacant, allowing the next occupant to plan its own use and configuration within the existing structure.
Key Highlights
- 11,019‑square‑foot retail and restaurant building
- Two‑story layout with basement space
- Elevator included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$298,421
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,968,420
$6.0M
Cap Rate 7%
$4,263,157
$4.3M
Cap Rate 9%
$3,315,789
$3.3M
Market Conditions
NOI Build-Up for 11,019 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$407.3K $36.96/SF
− Vacancy
−$9.4K −$0.85/SF
EGI
$397.9K $36.11/SF
− OpEx
−$99.5K −$9.03/SF
NOI
$298.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,968,420
Cap Rate 7%
$4,263,157
Cap Rate 9%
$3,315,789
Alternative Uses
Best Use
Specialty Retail
$4.26M
$3.73M – $4.97M
NOI $298,421 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$3.65M
$3.20M – $4.26M
NOI $255,720 @ 7.0% cap · market cap 3.79%
Theoretical Best
Multifamily LT 5
$223.24M
$195.33M – $260.44M
NOI $15,626,683 @ 7.0% cap · market cap 231.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 90024, CA
52,862
Population
20,304
Households
2.6
Avg Household Size
27
Median Age
74%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
17,621
Density / Sq Mi
$79,994
Median Household Income
$16,453
Median Earnings
$2,666
Median Rent
$1,434,000
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant commercial space with a basement and elevator offers flexible retail or restaurant configuration.
Where is this retail space located?
The property is located at 1139 Glendon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 11,019‑square‑foot retail and restaurant building; Two‑story layout with basement space; Elevator included
