Two-Unit Retail
For Sale
Contact for pricing
846-848 Wall St, Los Angeles, CA 90014
Retail space comprising two separately identified units on Wall Street in Los Angeles.
Property Size6,300 SF
Price / SF$460.32
Days on Market674
Property Features for 846-848 Wall St
General Information
Standard status
Active
Size
6,300 SF
Property subtype
RETAIL
Additional Details
Gross Income
$146,400
Building Details
Tenancy
Multi
Listing Agency:
Global Commercial Real Estate
(213) 221-1288
Listed By:
Frank Lahijani · License #BRE-01022511
(213) 792-7007
Source:
Moodyscre
Added: Dec 12, 2024
Changed: Oct 7
Last Checked: Oct 16 at 11:55AM
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 Global Commercial Real Estate
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Investment Insights
Based on property information with market context.
This retail property contains 6,300 square feet across two separately identified units at 846 and 848 Wall St. in Los Angeles, California. The asset is classified as retail space and is offered for sale.
Key Highlights
- 6,300 square feet of retail space
- Two separately identified units at 846 and 848 Wall St.
- Located in Los Angeles, CA 90014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,205
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,924,100
$2.9M
Cap Rate 7%
$2,088,643
$2.1M
Cap Rate 9%
$1,624,500
$1.6M
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$232.8K $36.96/SF
− Vacancy
−$24.0K −$3.81/SF
EGI
$208.9K $33.15/SF
− OpEx
−$62.7K −$9.95/SF
NOI
$146.2K $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%
$2,924,100
Cap Rate 7%
$2,088,643
Cap Rate 9%
$1,624,500
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,205 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$127.63M
$111.68M – $148.91M
NOI $8,934,395 @ 7.0% cap · market cap 308.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 90014, CA
9,254
Population
7,618
Households
1.2
Avg Household Size
38
Median Age
43%
College-Educated
86%
High-School Grad
0.3 sq mi
ZIP Area
30,847
Density / Sq Mi
$33,822
Median Household Income
$61,856
Median Earnings
$1,604
Median Rent
$644,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - Retail space comprising two separately identified units on Wall Street in Los Angeles.
Where is this retail space located?
The property is located at 846-848 Wall St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 6,300 square feet of retail space; Two separately identified units at 846 and 848 Wall St.; Located in Los Angeles, CA 90014
