Retail Storefront for
For Sale
$749,900
10015 S Western, Los Angeles, CA 90047
Storefront retail property offered for sale on S Western near Century Blvd.
Property Size1,777 SF
Price / SF$422
Days on Market57
Property Features for 10015 S Western
General Information
Standard status
Active
Size
1,777 SF
Building Details
Year Built
1953
Listing Agency:
Keller Williams Pacific Estates
Listed By:
Rigoberto Barraza · License #01735683
(562) 594-6753
Source:
Myfabuloushome
Added: Jul 18
Changed: Sep 8
Last Checked: Sep 11 at 12:37PM
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 Keller Williams Pacific Estates
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale and located on S Western in Los Angeles, CA. The offering is classified as storefront/retail commercial real estate.
Directions note cross streets of Western and Century Blvd, providing straightforward wayfinding for prospective tenants, buyers, and brokers.
Additional details regarding the building configuration, size, and improvements are not provided with this listing, so buyers are encouraged to verify specifics during due diligence.
Directions note cross streets of Western and Century Blvd, providing straightforward wayfinding for prospective tenants, buyers, and brokers.
Additional details regarding the building configuration, size, and improvements are not provided with this listing, so buyers are encouraged to verify specifics during due diligence.
Key Highlights
- Storefront retail property on S Western near Century Blvd
- Cross streets are Western and Century Blvd
- Year built: 1953
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
$41,239
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
5.50%
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%
$824,780
$824.8K
Cap Rate 7%
$589,129
$589.1K
Cap Rate 9%
$458,211
$458.2K
Market Conditions
NOI Build-Up for 1,777 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
$65.7K $36.96/SF
− Vacancy
−$6.8K −$3.81/SF
EGI
$58.9K $33.15/SF
− OpEx
−$17.7K −$9.95/SF
NOI
$41.2K $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%
$824,780
Cap Rate 7%
$589,129
Cap Rate 9%
$458,211
Alternative Uses
Best Use
Retail
$589.1K
$515.5K – $687.3K
NOI $41,239 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$36.00M
$31.50M – $42.00M
NOI $2,520,067 @ 7.0% cap · market cap 336.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Chevron
Shops & Services
6,116 visits/mo
0.4 miles
Domino's Pizza
Dining
3,168 visits/mo
0.4 miles
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail property offered for sale on S Western near Century Blvd.
Where is this storefront property located?
The property is located at 10015 S Western Los Angeles, CA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Storefront retail property on S Western near Century Blvd; Cross streets are Western and Century Blvd; Year built: 1953
