Mixed-Use Property with Renovation
For Sale
$2,600,000
1401 N Main St, Los Angeles, CA 90012
Mixed-use property with renovation plan for liquor sales/cafeteria/grocery.
Property Size5,656 SF
Lot Size0.22 Acres
Days on Market157
Property Features for 1401 N Main St
General Information
Standard status
Active
Size
5,656 SF
Lot size
0.22 Acres
Property subtype
Commercial
Building Details
Building Size
5,656 SF
Year Built
1926
Units
7
Listing Agency:
IRN REALTY; 626-625-4271
(626) 447-5100
Listed By:
PETER LO · License #01062167
(626) 447-5100
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 1:59PM
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 IRN REALTY; 626-625-4271
Investment Insights
Based on property information with market context.
This mixed-use property is offered for sale with a building renovation plan that includes provisions for hard liquor sales, a cafeteria, and a grocery store. The property's offering memorandum provides further details. A price reduction has been made, bringing the new price to $2,600,000. The property is located at 1401 N Main St, Los Angeles, CA 90012.
Key Highlights
- Price reduction to $2,600,000
- Building renovation plan available
- Potential for hard liquor sales
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
$153,178
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
5.89%
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%
$3,063,560
$3.1M
Cap Rate 7%
$2,188,257
$2.2M
Cap Rate 9%
$1,701,978
$1.7M
Market Conditions
NOI Build-Up for 5,656 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
$209.0K $36.96/SF
− Vacancy
−$4.8K −$0.85/SF
EGI
$204.2K $36.11/SF
− OpEx
−$51.1K −$9.03/SF
NOI
$153.2K $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%
$3,063,560
Cap Rate 7%
$2,188,257
Cap Rate 9%
$1,701,978
Alternative Uses
Best Use
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $153,178 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$1.88M
$1.64M – $2.19M
NOI $131,260 @ 7.0% cap · market cap 5.05%
Theoretical Best
Multifamily LT 5
$114.59M
$100.26M – $133.69M
NOI $8,021,101 @ 7.0% cap · market cap 308.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,877
Businesses Nearby
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
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?
Mixed-use property - Mixed-use property with renovation plan for liquor sales/cafeteria/grocery.
Where is this mixed-use property located?
The property is located at 1401 N Main St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Price reduction to $2,600,000; Building renovation plan available; Potential for hard liquor sales
