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    8016-8018 W 3Rd St Los Angeles, CA 94513

    For Sale
    $3,500,000

    Two retail spaces available, one a vacant restaurant.

    Property size:
    2,925 SF
    Lot size:
    0.10 Acres

    Property Features for 8016-8018 W 3Rd St

    General Information

    Size
    2,925 SF
    Lot size
    0.10 Acres

    Source: Marcus & Millichap Agent Orbell Ovaness

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Buildings on West 3rd

    Two retail buildings are available. One is a 1,925-square-foot vacant restaurant space. The other is a 1,000-square-foot retail space that is currently occupied. The properties are located on West 3rd Street in Los Angeles.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.364391
    Latitude
    34.071783

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    FAQs

    What type of property is this?
    Retail space - Two retail spaces available, one a vacant restaurant.
    Where is this retail space located?
    The property is located at 8016-8018 W 3Rd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Two retail spaces available.; - Includes a **1,925 SF vacant restaurant space ready for immediate occupancy**.; - Features a 1,000 SF currently occupied retail space.
    (213) 943-1822
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    8016-8018 W 3Rd St Los Angeles, CA 94513
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8016-8018 W 3Rd St Los Angeles, CA 94513
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