High-Traffic Corner Lot on
For Sale
$575,000
Pending
8000 Avalon Boulevard, Los Angeles, CA 90003
Corner lot on Avalon Blvd, suitable for various businesses.
Property Size1,101 SF
Lot Size0.12 Acres
Days on Market1376
Property Features for 8000 Avalon Boulevard
General Information
Standard status
Pending
Size
1,101 SF
Lot size
0.12 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1950
Listing Agency:
Guardian Realty Group
(310) 978-4650
Listed By:
Jake Sheikh · License #01501258
(310) 679-2670
Source:
Exitrealty
Added: Dec 8, 2022
Changed: Sep 10
Last Checked: Sep 14 at 5:57AM
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 Guardian Realty Group
Investment Insights
Based on property information with market context.
This property is a corner lot situated on busy Avalon Boulevard, offering high traffic and visibility. The property was last used as a tire shop, but it may suit various business types. The property size is 1,101 square feet. Prospective buyers should verify permitted uses with the city.
Key Highlights
- Super corner lot location.
- High traffic area on Avalon Blvd.
- Excellent business visibility.
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
$27,830
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
4.84%
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%
$556,600
$556.6K
Cap Rate 7%
$397,571
$397.6K
Cap Rate 9%
$309,222
$309.2K
Market Conditions
NOI Build-Up for 1,101 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
$40.7K $36.96/SF
− Vacancy
−$936 −$0.85/SF
EGI
$39.8K $36.11/SF
− OpEx
−$11.9K −$10.83/SF
NOI
$27.8K $25.28/SF
Area
ZIP 90003
Vacancy
2.30%
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%
$556,600
Cap Rate 7%
$397,571
Cap Rate 9%
$309,222
Alternative Uses
Best Use
Retail
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$195.4K
$171.0K – $228.0K
NOI $13,677 @ 7.0% cap · market cap 2.38%
Theoretical Best
Apartment 5plus
$19.46M
$17.03M – $22.71M
NOI $1,362,547 @ 7.0% cap · market cap 236.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Santa Monica Auto Electric — 8820 S Broadway, Los Angeles, CA 90003
- 1 Stop Tire Shop — 8820 S Broadway, Los Angeles, CA 90003
- Amigos Tires — 8751 San Pedro St, Los Angeles, CA 90003
- Amigos Tires & Rims — 8751 San Pedro St, Los Angeles, CA 90003
- E & D Auto Repair — 8751 San Pedro St, Los Angeles, CA 90003
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot on Avalon Blvd, suitable for various businesses.
Where is this auto shop located?
The property is located at 8000 Avalon Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Super corner lot location.; High traffic area on Avalon Blvd.; Excellent business visibility.
