Building Details

Year Built 1927

Listing Agency: Eastside Properties

Listed By: Dan Morales · License #00526543 Show Phone

Source: Myfabuloushome

Added: Aug 20 Changed: Sep 11 Last Checked: Oct 6 at 12:50AM

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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 Eastside Properties

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.

Key Highlights

• Two separate retail storefronts
• Closed for more than 15 years
• Rehabilitation opportunity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,419

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $4,058,768 @ 7.0% cap · market cap 338.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

M & M Services (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Veterinary Clinic Tanning Salon (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Rainbow Flowers LA. — 5433 Barton Ave, Los Angeles, CA 90038
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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