Commercial Building Near USC
For Sale
$900,000
1424 W Jefferson Blvd, Los Angeles, CA 90007
Commercial building in high-traffic area, short walk from USC.
Property Size1,188 SF
Price / SF$757.58
Days on Market1087
Property Features for 1424 W Jefferson Blvd
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Mixed Use
Amenities
3
Corner Lot.
Corner.
Listing Agency:
Dependable Realty Services, Inc.
(661) 350-2506
Listed By:
Analia Ayala · License #01979285
Source:
Xome
Added: Sep 4, 2023
Changed: Aug 23
Last Checked: Aug 24 at 3:20AM
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 Dependable Realty Services, Inc.
Investment Insights
Based on property information with market context.
This commercial building is located in a high-traffic area, a short walk from USC University. Previously used as a mechanic shop, the property features a solid structure. It is currently owner-occupied and is suitable for a full renovation or value-add project. The location is near shopping, dining, public transportation, and major freeways. The property offers potential for strong rental income once updated.
Key Highlights
- High‑traffic location near USC University.
- Strong potential for rental income after renovation.
- Solid structure suitable for renovation or value‑add project.
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
$27,570
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
3.06%
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%
$551,400
$551.4K
Cap Rate 7%
$393,857
$393.9K
Cap Rate 9%
$306,333
$306.3K
Market Conditions
NOI Build-Up for 1,188 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
$43.9K $36.96/SF
− Vacancy
−$4.5K −$3.81/SF
EGI
$39.4K $33.15/SF
− OpEx
−$11.8K −$9.95/SF
NOI
$27.6K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$551,400
Cap Rate 7%
$393,857
Cap Rate 9%
$306,333
Alternative Uses
Best Use
Retail
$393.9K
$344.6K – $459.5K
NOI $27,570 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$210.8K
$184.5K – $246.0K
NOI $14,758 @ 7.0% cap · market cap 1.64%
Theoretical Best
Multifamily LT 5
$24.07M
$21.06M – $28.08M
NOI $1,684,772 @ 7.0% cap · market cap 187.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- J&B Auto Repair — Los Angeles, CA 90062
- JES AUTO ELECTRIC & parts — 3905 Normandie Ave, Los Angeles, CA 90037
- J R Auto Electric Parts — 3905 Normandie Ave, Los Angeles, CA 90037
- Normandie Tire Shop — 3855 Normandie Ave, Los Angeles, CA 90037
- Hyundai of Downtown Los Angeles Service Department — 3850 S Figueroa St, Los Angeles, CA 90037
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building in high-traffic area, short walk from USC.
Where is this auto shop located?
The property is located at 1424 W Jefferson Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic location near USC University.; Strong potential for rental income after renovation.; Solid structure suitable for renovation or value‑add project.
