For Sale
$1,600,000
10918 S Figueroa, Los Angeles, CA 90061
Motels
Property Size4,254 SF
Lot Size0.24 Acres
Price / SF$376.12
Days on Market108
Property Features for 10918 S Figueroa
General Information
Standard status
Active
Size
4,254 SF
Lot size
0.24 Acres
Property subtype
Commercial
Building Details
Building Size
4,254 SF
Year Built
1948
Listing Agency:
PRIMETIME REALTY
(909) 496-8013
Listed By:
JENNIFER RUTLEDGE · License #01963407
(909) 496-8013
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 16 at 10:31AM
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 PRIMETIME REALTY
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
$54,558
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
3.41%
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%
$1,091,160
$1.1M
Cap Rate 7%
$779,400
$779.4K
Cap Rate 9%
$606,200
$606.2K
Market Conditions
NOI Build-Up for 4,254 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
$127.6K $30.00/SF
− Vacancy
−$12.8K −$3.00/SF
EGI
$114.9K $27.00/SF
− OpEx
−$60.3K −$14.18/SF
NOI
$54.6K $12.83/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,091,160
Cap Rate 7%
$779,400
Cap Rate 9%
$606,200
Alternative Uses
Best Use
Hotel Hospitality
$779.4K
$682.0K – $909.3K
NOI $54,558 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$86.18M
$75.41M – $100.55M
NOI $6,032,844 @ 7.0% cap · market cap 377.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90061, CA
29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
Where is this motel located?
The property is located at 10918 S Figueroa Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
