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    Retail Building in Downtown LA

    1150-1156 S Main St Los Angeles, CA 90015

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    Four-unit retail building in a prime downtown Los Angeles location.

    Type:RETAIL
    Property size:
    8,400 SF
    Price / SF:
    $297.62/SF
    Added:
    May 22, 2026
    Days on Market:
    54
    Last Refresh:
    May 27 at 7:44 am

    Property Features for 1150-1156 S Main St

    General Information

    Standard status
    Active
    Size
    8,400 SF
    Property subtype
    RETAIL

    Listing office Park Industrial Realty

    Listing date May 22, 2026

    Source Moodyscre

    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 Park Industrial Realty

    Investment Insights

    Based on property information with market context.

    This is a four-unit retail building situated in a prime downtown Los Angeles location, near the fashion district and South Park. The property is adjacent to the RTI mixed-use development, which includes 379 residential units. The building offers an owner-user purchase opportunity and currently has short-term leases in place. The property has a size of 8,400 square feet.

    Key Highlights

    • Prime downtown LA location
    • Owner‑user purchase opportunity
    • 4‑unit retail building

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $310.5k $36.96
    − Vacancy −$32.0k −$3.81
    EGI $278.5k $33.15
    − OpEx −$83.5k −$9.95
    NOI $194.9k $23.21
    8,400 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.78M
    $2.44M – $3.25M (±1% cap)
    NOI $194,940 @ 7.0% cap · market cap 7.80%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $170.18M
    $148.91M – $198.54M (±1% cap)
    NOI $11,912,527 @ 7.0% cap · market cap 476.50%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Pet Grooming Service Daycare Center Veterinary Clinic Buffet Adult Day Care (Bike/Boat/Book/etc) Store Tanning Salon Nursing Home Clothing & Fashion Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Retail space - Four-unit retail building in a prime downtown Los Angeles location.
    Where is this retail space located?
    The property is located at 1150-1156 S Main St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime downtown LA location; Owner‑user purchase opportunity; 4‑unit retail building
    Contact an agent
    (213) 446-0396 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Park
    Daniel Park
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