Mixed-Use Retail Building with Three
For Sale
$1,850,000
121 E Las Tunas, San Gabriel, CA 91776
Three configurable retail units, including a stabilized tenant and a separate owner-occupied space deliverable vacant.
Property Size3,871 SF
Price / SF$477.91
Days on Market47
Property Features for 121 E Las Tunas
General Information
Standard status
Active
Size
3,871 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
McIntire Real Estate Inc.
(818) 618-7990
Listed By:
Joshua McIntire
(818) 618-7990
Source:
Elliman
Added: Jun 21
Changed: Jul 21
Last Checked: Aug 6 at 8:14AM
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 McIntire Real Estate Inc.
Investment Insights
Based on property information with market context.
121-123 E. Las Tunas Drive is a mixed-use retail building totaling approximately 3,871 SF and featuring three configurable units. One unit is occupied by a long-tenured commercial tenant on a stabilized lease. A second unit is on a month-to-month basis. The third unit is an owner-occupied space of approximately 1,935 SF that can be delivered vacant or with a negotiated short-term leaseback.
The property is located in San Gabriel, CA along E. Las Tunas Drive. Convenience is supported by strong walkability (Walk Score 89) and moderate bikeability (Bike Score 55), with some transit access indicated by a Transit Score of 39.
For buyers seeking a multi-unit retail setup, the existing occupancy structure provides a mix of stabilized and short-term income profiles, with the owner-occupied unit offering flexibility for delivery timing.
The property is located in San Gabriel, CA along E. Las Tunas Drive. Convenience is supported by strong walkability (Walk Score 89) and moderate bikeability (Bike Score 55), with some transit access indicated by a Transit Score of 39.
For buyers seeking a multi-unit retail setup, the existing occupancy structure provides a mix of stabilized and short-term income profiles, with the owner-occupied unit offering flexibility for delivery timing.
Key Highlights
- Mixed‑use building with approximately 3,871 SF across three configurable retail units
- Includes a long‑tenured commercial tenant on a stabilized lease
- One unit is month‑to‑month, plus a separate 1,935 SF owner‑occupied space deliverable vacant or with a negotiated short‑term leaseback
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
$85,644
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
4.63%
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%
$1,712,880
$1.7M
Cap Rate 7%
$1,223,486
$1.2M
Cap Rate 9%
$951,600
$951.6K
Market Conditions
NOI Build-Up for 3,871 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
$131.0K $33.84/SF
− Vacancy
−$8.6K −$2.23/SF
EGI
$122.3K $31.61/SF
− OpEx
−$36.7K −$9.48/SF
NOI
$85.6K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,712,880
Cap Rate 7%
$1,223,486
Cap Rate 9%
$951,600
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,644 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,076 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Yogurtland
Dining
11,733 visits/mo
0.3 miles
Bank of America
Shops & Services
11,492 visits/mo
0.4 miles
Boiling Point
Dining
11,321 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,254 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
9,143 visits/mo
0.3 miles
Demographics for 91776, CA
38,031
Population
12,806
Households
3
Avg Household Size
42
Median Age
29%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
11,525
Density / Sq Mi
$79,926
Median Household Income
$37,548
Median Earnings
$1,825
Median Rent
$816,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ORCHID BOUTIQUE — 272 S San Gabriel Blvd, San Gabriel, CA 91776
- Flower Delivery San Gabriel — 245 w angeleno ave, san gabriel, ca 91776
- Flower Delivery San Gabriel — 246 w angeleno ave, san gabriel, ca 91776
- Flower Delivery San Gabriel
- Far East Florist — 401 S San Gabriel Blvd, San Gabriel, CA 91776
Frequently Asked Questions
What type of property is this?
Storefront property - Three configurable retail units, including a stabilized tenant and a separate owner-occupied space deliverable vacant.
Where is this storefront property located?
The property is located at 121 E Las Tunas San Gabriel, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Mixed‑use building with approximately 3,871 SF across three configurable retail units; Includes a long‑tenured commercial tenant on a stabilized lease; One unit is month‑to‑month, plus a separate 1,935 SF owner‑occupied space deliverable vacant or with a negotiated short‑term leaseback
