Retail Building with Liquor Use
1401 N Main Street Los Angeles, Los Angeles, CA 90012
For Sale
$1,800,000
For sale retail building in Los Angeles with a planned renovation for liquor sales, cafeteria, and grocery store use.
Property Size5,656 SF
Price / SF$318.25
Days on Market129
Property Features for 1401 N Main Street Los Angeles
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Neighborhood
Amenities
1
Assessor
Near Park
Public
9467
7
0.2173
5656
Building Details
Building Size
Year Built
Buildings
Listing Agency:
IRN REALTY; 626-625-4271
Listed By:
PETER LO · License CA #01062167
(626) 625-4271
Source:
Rmarealty
Added: Jul 9
Changed: Nov 13
Last Checked: Oct 7 at 9:20AM
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 IRN REALTY; 626-625-4271
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Investment Insights
Based on property information with market context.
This for-sale retail building includes a renovation plan intended to support hard liquor sale/cafeteria/grocery store use. The offering materials and building photo associated with the listing should be reviewed for additional supplements and file documents.
The property is located at 1401 N Main Street, Los Angeles, CA 90012.
Additional information about the scope and intended use is available in the subject property’s offering memorandum from the co-listing broker, Evan Jurgensen of Lee & Associates.
The property is located at 1401 N Main Street, Los Angeles, CA 90012.
Additional information about the scope and intended use is available in the subject property’s offering memorandum from the co-listing broker, Evan Jurgensen of Lee & Associates.
Key Highlights
- Single‑story retail building built in 1926 with a total building area of 5,656 SF (assessor)
- Planned renovation for hard liquor sale/cafeteria/grocery store use (see offering memorandum/listing supplement docs)
- 0.2173‑acre lot (9,467 SF) with lot features noted as near park (assessor)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,178
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,063,560
$3.1M
Cap Rate 7%
$2,188,257
$2.2M
Cap Rate 9%
$1,701,978
$1.7M
Market Conditions
NOI Build-Up for 5,656 SF
Gross rent
$209.0K $36.96/SF
− Vacancy
−$4.8K −$0.85/SF
EGI
$204.2K $36.11/SF
− OpEx
−$51.1K −$9.03/SF
NOI
$153.2K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,063,560
Cap Rate 7%
$2,188,257
Cap Rate 9%
$1,701,978
Alternative Uses
Best Use
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $153,178 @ 7.0% cap · market cap 8.51%
Second Best
Retail
$1.88M
$1.64M – $2.19M
NOI $131,260 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,301 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,555
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Grocery and convenience stores in Los Angeles, CA
Properties on Market for Grocery and convenience stores in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Wing Hing Co — 663 N Broadway, Los Angeles, CA 90012
- Stay Zero Proof — 425 Gin Ling Wy, Los Angeles, CA 90012
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For sale retail building in Los Angeles with a planned renovation for liquor sales, cafeteria, and grocery store use.
Where is this grocery and convenience store located?
The property is located at 1401 N Main Street Los Angeles Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Single‑story retail building built in 1926 with a total building area of 5,656 SF (assessor); Planned renovation for hard liquor sale/cafeteria/grocery store use (see offering memorandum/listing supplement docs); 0.2173‑acre lot (9,467 SF) with lot features noted as near park (assessor)
