Downtown Multi-Unit Restaurant
For Sale
$2,200,000
2307 D St, La Verne, CA 91750
Restaurant with indoor dining and patio plus three separately metered, leased income units with separate restrooms.
Property Size2,860 SF
Days on Market39
Property Features for 2307 D St
General Information
Standard status
Active
Size
2,860 SF
Property subtype
Commercial
Building Details
Building Size
2,860 SF
Year Built
1909
Listing Agency:
R&R ESTATES
(626) 331-3336
Listed By:
Ric Castaneda · License #01178768
Source:
Elliman
Added: Jul 16
Changed: Aug 17
Last Checked: Aug 22 at 9:54AM
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 R&R ESTATES
Investment Insights
Based on property information with market context.
The property includes a large restaurant space with indoor dining, a patio dining area, and a large kitchen. It currently operates as a sushi restaurant, with the restaurant business offered for sale separately from the building sale under a separate MLS ID.
In addition to the restaurant, the building contains three other income units. Each unit has separate restrooms and separate utility meters and is currently leased to three separate businesses: a massage business, a take-out cafe, and a barber shop. One unit is occupied by the massage business, another by the take-out cafe, and the third by the barber shop.
The overall offering provides a combination of restaurant operations and multiple leased income units within one building configuration. The listing notes that current tenants should not be disturbed; please contact the listing office for more information or to schedule a showing.
In addition to the restaurant, the building contains three other income units. Each unit has separate restrooms and separate utility meters and is currently leased to three separate businesses: a massage business, a take-out cafe, and a barber shop. One unit is occupied by the massage business, another by the take-out cafe, and the third by the barber shop.
The overall offering provides a combination of restaurant operations and multiple leased income units within one building configuration. The listing notes that current tenants should not be disturbed; please contact the listing office for more information or to schedule a showing.
Key Highlights
- Building built in 1909 with a current sushi restaurant plus three additional leased income units
- Restaurant offers indoor dining and patio dining, with a large kitchen
- Building includes restaurant space and three other income units that are currently leased
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
$67,796
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
3.08%
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%
$1,355,920
$1.4M
Cap Rate 7%
$968,514
$968.5K
Cap Rate 9%
$753,289
$753.3K
Market Conditions
NOI Build-Up for 2,860 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
$96.8K $33.84/SF
− Vacancy
−$6.4K −$2.23/SF
EGI
$90.4K $31.61/SF
− OpEx
−$22.6K −$7.90/SF
NOI
$67.8K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
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%
$1,355,920
Cap Rate 7%
$968,514
Cap Rate 9%
$753,289
Alternative Uses
Best Use
Specialty Retail
$968.5K
$847.5K – $1.13M
NOI $67,796 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,186 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
6,070 visits/mo
0.3 miles
Demographics for 91750, CA
33,376
Population
12,928
Households
2.6
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
18.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$104,827
Median Household Income
$56,417
Median Earnings
$2,217
Median Rent
$789,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant with indoor dining and patio plus three separately metered, leased income units with separate restrooms.
Where is this conventional restaurant located?
The property is located at 2307 D St La Verne, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Building built in 1909 with a current sushi restaurant plus three additional leased income units; Restaurant offers indoor dining and patio dining, with a large kitchen; Building includes restaurant space and three other income units that are currently leased
