Slauson Avenue Commercial
For Sale
$1,390,000
3020 W SLAUSON Avenue, Los Angeles, CA 90043
Commercial property with mini market and recording studio.
Property Size1,716 SF
Lot Size0.15 Acres
Price / SF$810.02
Days on Market812
Property Features for 3020 W SLAUSON Avenue
General Information
Standard status
Active
Size
1,716 SF
Lot size
0.15 Acres
Property subtype
Commercial
Amenities
Corner Lot
Flat
Level with Street
Paved
Rectangular Lot
Walkstreet
Building Details
Year Built
1928
Listing Agency:
COAST AND COUNTRY REAL ESTATE
(951) 684-4881
Listed By:
KENNETH KELLEY · License #00367310
Source:
Corcoran
Added: May 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 COAST AND COUNTRY REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial property is located on Slauson Avenue and 8th Street, at a stop light controlled intersection. Currently operating as a mini market with a drive-through window, the property also includes a second building used as a recording studio. The site benefits from ingress and egress entrances on both 8th Street and Slauson Avenue. Plans are available to connect the two buildings with an additional 1700 square feet, potentially increasing the total square footage to approximately 2300 square feet. The property, with a size of 1716 square feet, is ideal for expansion or redevelopment.
Key Highlights
- High‑traffic location at the intersection of Slauson Avenue and 8th Street with a stop light.
- Drive‑through window currently in place.**
- Multiple ingress/egress points on both 8th Street and Slauson Avenue.
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
$46,473
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
3.34%
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%
$929,460
$929.5K
Cap Rate 7%
$663,900
$663.9K
Cap Rate 9%
$516,367
$516.4K
Market Conditions
NOI Build-Up for 1,716 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
$63.4K $36.96/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$62.0K $36.11/SF
− OpEx
−$15.5K −$9.03/SF
NOI
$46.5K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
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%
$929,460
Cap Rate 7%
$663,900
Cap Rate 9%
$516,367
Alternative Uses
Best Use
Specialty Retail
$663.9K
$580.9K – $774.6K
NOI $46,473 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$568.9K
$497.8K – $663.7K
NOI $39,824 @ 7.0% cap · market cap 2.87%
Theoretical Best
Multifamily LT 5
$34.77M
$30.42M – $40.56M
NOI $2,433,559 @ 7.0% cap · market cap 175.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
7-Eleven
Shops & Services
14,751 visits/mo
0.1 miles
Teriyaki House
Dining
4,617 visits/mo
0.1 miles
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
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?
Grocery and convenience store - Commercial property with mini market and recording studio.
Where is this grocery and convenience store located?
The property is located at 3020 W SLAUSON Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Slauson Avenue and 8th Street with a stop light.; Drive‑through window currently in place.**; Multiple ingress/egress points on both 8th Street and Slauson Avenue.
