Fully Operating First-Floor
For Sale
Contact for pricing
1010-1014 S San Pedro St, Los Angeles, CA 90015
Fully operating restaurant on the first floor in a local landmark building.
Property Size5,184 SF
Price / SF$770.64
Days on Market688
Property Features for 1010-1014 S San Pedro St
General Information
Standard status
Active
Size
5,184 SF
Property subtype
RETAIL
Additional Details
Floor
1
Business Included
Yes
Listing Agency:
Lee & Associates
(213) 290-3599
Listed By:
Sehyung Kim · License #01327276
(213) 290-3599
Source:
Moodyscre
Added: Sep 12, 2024
Changed: Jul 30
Last Checked: Jul 30 at 11:12PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Fully operating restaurant located on the first floor of a local landmark building. The property is described as first time on the market for sale in over 50 years.
Public remarks note that Paul’s Kitchen has been continuously in operation since 1946 and is also for sale. The building sits directly across the street from a city market development project.
With 5,184 square feet of property size, this offering may appeal to operators seeking an established restaurant presence with an existing, operating layout on the first floor.
Public remarks note that Paul’s Kitchen has been continuously in operation since 1946 and is also for sale. The building sits directly across the street from a city market development project.
With 5,184 square feet of property size, this offering may appeal to operators seeking an established restaurant presence with an existing, operating layout on the first floor.
Key Highlights
- 5,184 square feet landmark restaurant building
- Fully operating restaurant on the first floor
- Paul’s Kitchen continuously in operation since 1946
Financial Insights For Specialty 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 | $191.6k | $36.96 |
| − Vacancy | −$4.4k | −$0.85 |
| EGI | $187.2k | $36.11 |
| − OpEx | −$46.8k | −$9.03 |
| NOI | $140.4k | $27.08 |
5,184 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.01M
$1.75M – $2.34M
NOI $140,395 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$105.02M
$91.90M – $122.53M
NOI $7,351,731 @ 7.0% cap · market cap 184.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
16,682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operating restaurant on the first floor in a local landmark building.
Where is this conventional restaurant located?
The property is located at 1010-1014 S San Pedro St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 5,184 square feet landmark restaurant building; Fully operating restaurant on the first floor; Paul’s Kitchen continuously in operation since 1946
