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    8151 W 3Rd St Los Angeles, CA 90048

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    For Sale
    $5,500,000

    Two-tenant retail building in Beverly Grove with stabilized income.

    Property size:
    3,011 SF

    Property Features for 8151 W 3Rd St

    General Information

    Size
    3,011 SF

    Building Details

    Year built
    1977

    Source: Paul Brehme Agent Paul Brehme

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

    Overview

    Beverly Grove Retail Investment Opportunity

    Located in the Beverly Grove neighborhood, 8151 W 3rd Street is a two-tenant retail building situated on a hard corner. The property, totaling approximately 3,011 square feet, is divided into two units. The main unit, comprising approximately 2,528 square feet, is leased to a dispensary until November 30, 2033. The second unit, consisting of approximately 483 square feet plus outdoor patio space, is leased to a café until March 31, 2028. The property includes 10 parking spaces, along with one handicapped parking space. The building is located in a busy commercial district with shopping and dining options. The area features a shopping center, boutique shops, restaurants, cafes, art galleries, and high-end shopping.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lancer Automotive Service ... Auto Repair Shop Stiizy Weed Delivery ... Cannabis Store Serra Delivery Service Neighborhood Coffee Shop Gotham Weed Delivery ... Cannabis Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Clothing Store

    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
    -118.3670637
    Latitude
    34.0724365

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    FAQs

    What type of property is this?
    Retail space - Two-tenant retail building in Beverly Grove with stabilized income.
    Where is this retail space located?
    The property is located at 8151 W 3Rd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Located on a hard corner in the highly sought-after Beverly Grove neighborhood.; - Stabilized income stream from two tenants.; - Main unit leased to a dispensary until November 30, 2033.
    (310) 899-2714
    Request Owner's contact information
    8151 W 3Rd St Los Angeles, CA 90048
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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
    8151 W 3Rd St Los Angeles, CA 90048
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