Four-Unit Retail
1150-1156 S Main St, Los Angeles, CA 90015
For Sale
Contact for pricing
Short-term leases currently cover all four retail units, with nearby mixed-use development along the Main Street corridor.
Property Size8,400 SF
Price / SF$267.86
Days on Market8
Property Features for 1150-1156 S Main St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Gross Income
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Major Properties
Listed By:
Bradley Luster · License CA #00913803
(213) 276-2483
Source:
Crexi
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 10 at 7:16AM
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 Major Properties
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Investment Insights
Based on property information with market context.
The 8,400-square-foot property is configured as a four-unit retail building and is fully occupied under short-term leases. Its current tenant roster provides an in-place operating configuration, while the lease terms are short in duration.
The property is on S Main St in downtown Los Angeles, near the Fashion District, South Park, LA LIVE, Crypto.com Arena, and the Los Angeles Convention Center. Access to the 10, 5, 110, and 101 freeways is available nearby. Main Street Park, an entitled mixed-use project ready for issuance, is adjacent to the property and includes 379 residential units and approximately 25,810 square feet of ground-floor commercial space.
The property is on S Main St in downtown Los Angeles, near the Fashion District, South Park, LA LIVE, Crypto.com Arena, and the Los Angeles Convention Center. Access to the 10, 5, 110, and 101 freeways is available nearby. Main Street Park, an entitled mixed-use project ready for issuance, is adjacent to the property and includes 379 residential units and approximately 25,810 square feet of ground-floor commercial space.
Key Highlights
- 8,400‑square‑foot retail building
- Four retail units, all occupied under short‑term leases
- Adjacent Main Street Park project includes 379 residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,940
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,898,800
$3.9M
Cap Rate 7%
$2,784,857
$2.8M
Cap Rate 9%
$2,166,000
$2.2M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$310.5K $36.96/SF
− Vacancy
−$32.0K −$3.81/SF
EGI
$278.5K $33.15/SF
− OpEx
−$83.5K −$9.95/SF
NOI
$194.9K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,898,800
Cap Rate 7%
$2,784,857
Cap Rate 9%
$2,166,000
Alternative Uses
Best Use
Retail
$2.78M
$2.44M – $3.25M
NOI $194,940 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,497 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
17,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Los Angeles, CA
Properties on Market for Retail space in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - Short-term leases currently cover all four retail units, with nearby mixed-use development along the Main Street corridor.
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 $2,250,000.
What are key features of this property?
This property features: 8,400‑square‑foot retail building; Four retail units, all occupied under short‑term leases; Adjacent Main Street Park project includes 379 residential units
