Retail, Office, Medical Space
For Sale
Contact for pricing
1458 S San Pedro St, Los Angeles, CA 90015
Retail, office, medical space available with parking.
Property Size1,119 SF
Lot Size2.37 Acres
Price / SF$223.41
Days on Market959
Property Features for 1458 S San Pedro St
General Information
Standard status
Active
Size
1,119 SF
Lot size
2.37 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Properties For Sale
at 1458 S San Pedro St
Showroom, Office, Storage
AVAILABLE, On Available Date
Floor
1
Size
1,000 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Sublease
No
3 parking spaces. Prime owner-user or investment opportunity. This retail condo offers an efficient open layout with strong street exposure, ideal for creative office, showroom, wholesale/retail, or light manufacturing operations. Perfect for apparel, beauty, or specialty retail businesses seeking prominent visibility and flexible space.
Contact us
Listing Agency:
Lee & Associates
(323) 922-3832
Listed By:
Sehyung Kim · License #01327276
(213) 290-3599
Source:
Moodyscre
Added: Feb 14, 2024
Changed: Sep 29
Last Checked: Sep 30 at 1:51PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This commercial property offers versatile space suitable for retail, office, or medical use. The property includes 1,119 square feet of space and comes with 2 parking spaces. The Homeowner's Association fees are $415 per month.
Key Highlights
- Versatile space suitable for retail, office, or medical use.
- Includes 2 parking spaces.
- Space suitable for many uses.
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
$20,754
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
8.30%
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%
$415,080
$415.1K
Cap Rate 7%
$296,486
$296.5K
Cap Rate 9%
$230,600
$230.6K
Market Conditions
NOI Build-Up for 1,119 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
$37.6K $33.60/SF
− Vacancy
−$3.0K −$2.69/SF
EGI
$34.6K $30.91/SF
− OpEx
−$13.8K −$12.36/SF
NOI
$20.8K $18.55/SF
Area
Los Angeles, CA
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$415,080
Cap Rate 7%
$296,486
Cap Rate 9%
$230,600
Alternative Uses
Best Use
Office B
$379.4K
$332.0K – $442.7K
NOI $26,561 @ 7.0% cap · market cap 10.62%
Second Best
Retail
$371.0K
$324.6K – $432.8K
NOI $25,969 @ 7.0% cap · market cap 10.39%
Theoretical Best
Multifamily LT 5
$22.67M
$19.84M – $26.45M
NOI $1,586,919 @ 7.0% cap · market cap 634.77%
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
8,773
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail, office, medical space available with parking.
Where is this retail space located?
The property is located at 1458 S San Pedro St Los Angeles, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Versatile space suitable for retail, office, or medical use.; Includes 2 parking spaces.; Space suitable for many uses.
