Three-Unit Retail Storefront
2526 Daly St Los Angeles, CA 90031
2526 Daly St, Los Angeles, CA, 90031
$850,000
For Sale
$850,000
Three retail units totaling 1,716 square feet on a 7,644 square foot lot, with one unit vacant at closing.
Property Size1,716 SF
Lot Size0.18 Acres
Price / SF$495.34
Days on Market69
Property Features for 2526 Daly St
General Information
- Standard status
- Active
- Size
- 1,716 SF
- Lot size
- 0.18 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1920
Listing agency
Encino Office
(818) 212-2694
Listed by
Sev Keshishian · License #License(s): CA: 01887505
(818) 212-2694
Source
Marcusmillichap
Added: May 14 Updated: Jul 21 at 5:39PM Checked: Jul 21 at 5:39PM
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 Encino Office
Investment Insights
Based on property information with market context.
This 3-unit retail storefront property was constructed in 1920 and offers approximately 1,716 square feet of total retail space on a 7,644 square foot lot. The current tenant mix includes Martha’s Kitchen (744 SF) and Le Nails (905 SF), with one additional unit (355 SF) scheduled to be delivered vacant at closing, with square footages approximate and to be verified by Buyer.
The property is supported by 14 on-site parking spaces at the rear, with recently resurfaced asphalt. The roof was recently replaced. Tenants are on month-to-month leases and have remained current on rent, with utilities and common area maintenance (CAM) responsibility handled by tenants to help keep landlord expenses minimal.
Situated on LAC4 zoning, the property may support redevelopment options subject to City approvals and incentive eligibility. The site is located within a TOIA Tier 2 area and within a designated Opportunity Zone. Existing development limitations are noted in the offering materials, including restrictions on 100% residential development, while mixed-use concepts incorporating affordable housing may still be eligible for incentives, subject to verification by Buyer and compliance with applicable overlays.
The property is supported by 14 on-site parking spaces at the rear, with recently resurfaced asphalt. The roof was recently replaced. Tenants are on month-to-month leases and have remained current on rent, with utilities and common area maintenance (CAM) responsibility handled by tenants to help keep landlord expenses minimal.
Situated on LAC4 zoning, the property may support redevelopment options subject to City approvals and incentive eligibility. The site is located within a TOIA Tier 2 area and within a designated Opportunity Zone. Existing development limitations are noted in the offering materials, including restrictions on 100% residential development, while mixed-use concepts incorporating affordable housing may still be eligible for incentives, subject to verification by Buyer and compliance with applicable overlays.
Key Highlights
- 3‑unit retail property on Daly Street in Lincoln Heights, built in 1920 and totaling 1,716 SF on a 7,644 SF lot (LAC4 zoning).
- Current tenants: Martha’s Kitchen (744 SF) and Le Nails (905 SF); one unit (355 SF) to be delivered vacant at closing (approx. sizes to verify).
- Month‑to‑month leases with tenants staying current on rent; tenants pay utilities and CAM for minimal landlord expenses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $36.96 |
| − Vacancy | −$6.5k | −$3.81 |
| EGI | $56.9k | $33.15 |
| − OpEx | −$17.1k | −$9.95 |
| NOI | $39.8k | $23.21 |
1,716 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,824 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$34.77M
$30.42M – $40.56M
NOI $2,433,559 @ 7.0% cap · market cap 286.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Martha's Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Three retail units totaling 1,716 square feet on a 7,644 square foot lot, with one unit vacant at closing.
Where is this strip mall located?
The property is located at 2526 Daly St Los Angeles, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3‑unit retail property on Daly Street in Lincoln Heights, built in 1920 and totaling 1,716 SF on a 7,644 SF lot (LAC4 zoning).; Current tenants: Martha’s Kitchen (744 SF) and Le Nails (905 SF); one unit (355 SF) to be delivered vacant at closing (approx. sizes to verify).; Month‑to‑month leases with tenants staying current on rent; tenants pay utilities and CAM for minimal landlord expenses.
