Retail
For Sale
Contact for pricing
11685-11695 National Blvd, Los Angeles, CA 90064
Retail building offered for sale with 9,575 square feet of space.
Property Size9,575 SF
Price / SF$754.05
Days on Market201
Property Features for 11685-11695 National Blvd
General Information
Standard status
Active
Size
9,575 SF
Property subtype
RETAIL
Listing Agency:
Par Commercial Brokerage Inc.
Listed By:
Arthur Peter · License #010686613
(310) 395-2663
Source:
Moodyscre
Added: Feb 23
Changed: Aug 16
Last Checked: Sep 12 at 10:08AM
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 Par Commercial Brokerage Inc.
Investment Insights
Based on property information with market context.
The property is a retail building configured to support retail uses. The offering includes 9,575 square feet of building space.
The asset is located at 11685–11695 National Blvd in Los Angeles, California.
The asset is located at 11685–11695 National Blvd in Los Angeles, California.
Key Highlights
- Retail building offered for sale
- 9,575 sq ft of space
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
$222,209
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
3.08%
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%
$4,444,180
$4.4M
Cap Rate 7%
$3,174,414
$3.2M
Cap Rate 9%
$2,468,989
$2.5M
Market Conditions
NOI Build-Up for 9,575 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
$353.9K $36.96/SF
− Vacancy
−$36.5K −$3.81/SF
EGI
$317.4K $33.15/SF
− OpEx
−$95.2K −$9.95/SF
NOI
$222.2K $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 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%
$4,444,180
Cap Rate 7%
$3,174,414
Cap Rate 9%
$2,468,989
Alternative Uses
Best Use
Retail
$3.17M
$2.78M – $3.70M
NOI $222,209 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$193.98M
$169.74M – $226.31M
NOI $13,578,863 @ 7.0% cap · market cap 188.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 37%
Dining 19%
Whole Foods Market
Groceries
41,278 visits/mo
0.1 miles
Sinclair
Shops & Services
18,389 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
17,581 visits/mo
0.1 miles
7-Eleven
Shops & Services
9,035 visits/mo
0.4 miles
76
Shops & Services
7,714 visits/mo
0.3 miles
Demographics for 90064, CA
27,553
Population
12,897
Households
2.1
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
7,447
Density / Sq Mi
$129,703
Median Household Income
$84,766
Median Earnings
$2,710
Median Rent
$1,746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Retail building offered for sale with 9,575 square feet of space.
Where is this retail space located?
The property is located at 11685-11695 National Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,220,000.
What are key features of this property?
This property features: Retail building offered for sale; 9,575 sq ft of space
