Corner Retail Strip Mall
For Sale
$6,900,000
3631 Crenshaw, Los Angeles, CA 90016
For-sale retail strip mall at a busy corner intersection, offering a straightforward configuration for storefront-oriented tenants.
Property Size15,751 SF
Price / SF$438.07
Days on Market98
Property Features for 3631 Crenshaw
General Information
Standard status
Active
Size
15,751 SF
Building Details
Year Built
1985
Listing Agency:
RE/MAX Gateway
Listed By:
Jose Peralta · License #01737466
(818) 723-7204
Source:
Myfabuloushome
Added: Jul 4
Changed: Sep 25
Last Checked: Oct 7 at 12:54PM
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 RE/MAX Gateway
Investment Insights
Based on property information with market context.
This for-sale retail asset is presented as a strip mall with storefront-style commercial space. The offering is identified by its address at 3631 Crenshaw and is marketed as part of the retail properties & spaces category, making it suitable for tenants seeking street-facing retail exposure within a multi-unit format.
The property is located at the corner of Crenshaw and Exposition in Los Angeles County. As a corner site, it provides an intersection presence that can be beneficial for businesses that rely on walk-up and pass-by visibility, along with straightforward access from both intersecting roads.
From a tenant or buyer standpoint, this type of property can be a practical fit for retail operators looking for a storefront environment rather than a larger single-tenant building. The corner location and strip mall branding suggest a commercial setting designed to accommodate multiple retail uses, subject to applicable lease terms, property condition, and any tenant-specific requirements. Buyers considering a purchase may also evaluate how the existing retail-oriented layout aligns with their intended use, branding, and operational needs. Additional due diligence on unit mix, lease status, and any property improvements would be recommended as part of a complete review.
The property is located at the corner of Crenshaw and Exposition in Los Angeles County. As a corner site, it provides an intersection presence that can be beneficial for businesses that rely on walk-up and pass-by visibility, along with straightforward access from both intersecting roads.
From a tenant or buyer standpoint, this type of property can be a practical fit for retail operators looking for a storefront environment rather than a larger single-tenant building. The corner location and strip mall branding suggest a commercial setting designed to accommodate multiple retail uses, subject to applicable lease terms, property condition, and any tenant-specific requirements. Buyers considering a purchase may also evaluate how the existing retail-oriented layout aligns with their intended use, branding, and operational needs. Additional due diligence on unit mix, lease status, and any property improvements would be recommended as part of a complete review.
Key Highlights
- For‑sale retail strip mall with year built 1985
- Corner location at Crenshaw and Exposition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$365,536
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,310,720
$7.3M
Cap Rate 7%
$5,221,943
$5.2M
Cap Rate 9%
$4,061,511
$4.1M
Market Conditions
NOI Build-Up for 15,751 SF
Gross rent
$582.2K $36.96/SF
− Vacancy
−$60.0K −$3.81/SF
EGI
$522.2K $33.15/SF
− OpEx
−$156.7K −$9.95/SF
NOI
$365.5K $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 Rate 5%
$7,310,720
Cap Rate 7%
$5,221,943
Cap Rate 9%
$4,061,511
Alternative Uses
Best Use
Retail
$5.22M
$4.57M – $6.09M
NOI $365,536 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$319.11M
$279.22M – $372.29M
NOI $22,337,406 @ 7.0% cap · market cap 323.73%
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
1,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Strip mall - For-sale retail strip mall at a busy corner intersection, offering a straightforward configuration for storefront-oriented tenants.
Where is this strip mall located?
The property is located at 3631 Crenshaw Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: For‑sale retail strip mall with year built 1985; Corner location at Crenshaw and Exposition
