Two-Storefront Retail
New
For Sale
$1,200,000
5180 Santa Monica, Los Angeles, CA 90029
Pair of existing retail spaces requiring rehabilitation, offered with 1064 N. Kingsley Drive.
Property Size2,862 SF
Days on Market3
Property Features for 5180 Santa Monica
General Information
Standard status
Active
Size
2,862 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
rehab opportunity
Building Details
Building Size
2,862 SF
Year Built
1927
Listing Agency:
(323) 490-7057
Listed By:
Dan Morales
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 7:15AM
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 Dan Morales
Investment Insights
Based on property information with market context.
This 1927 property includes two distinct retail storefronts that have been closed for more than 15 years. The offering is positioned for rehabilitation and is being sold together with 1064 N. Kingsley Drive.
The property is located at 5180 Santa Monica in Los Angeles. Walk Score is 89, Bike Score is 70, and Transit Score is 67, reflecting walkable surroundings, bike-friendly conditions, and access to transit.
The property is located at 5180 Santa Monica in Los Angeles. Walk Score is 89, Bike Score is 70, and Transit Score is 67, reflecting walkable surroundings, bike-friendly conditions, and access to transit.
Key Highlights
- Two separate retail storefronts
- Closed for more than 15 years
- Rehabilitation opportunity
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
$66,419
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
5.53%
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%
$1,328,380
$1.3M
Cap Rate 7%
$948,843
$948.8K
Cap Rate 9%
$737,989
$738.0K
Market Conditions
NOI Build-Up for 2,862 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
$105.8K $36.96/SF
− Vacancy
−$10.9K −$3.81/SF
EGI
$94.9K $33.15/SF
− OpEx
−$28.5K −$9.95/SF
NOI
$66.4K $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%
$1,328,380
Cap Rate 7%
$948,843
Cap Rate 9%
$737,989
Alternative Uses
Best Use
Retail
$948.8K
$830.2K – $1.11M
NOI $66,419 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$57.98M
$50.73M – $67.65M
NOI $4,058,768 @ 7.0% cap · market cap 338.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
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?
Storefront property - Pair of existing retail spaces requiring rehabilitation, offered with 1064 N. Kingsley Drive.
Where is this storefront property located?
The property is located at 5180 Santa Monica Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two separate retail storefronts; Closed for more than 15 years; Rehabilitation opportunity
