Corner Storefront with
For Sale
$4,500,000
1729 S Los Angeles St, Los Angeles, CA 90015
Corner positioning provides Los Angeles Street access and a fence-secured parking lot.
Property Size13,300 SF
Days on Market47
Property Features for 1729 S Los Angeles St
General Information
Standard status
Active
Size
13,300 SF
Property subtype
Industrial
Site & Location
Neighborhood
Downtown
Building Details
Building Size
13,300 SF
Year Built
1921
Listing Agency:
Lee & Associates - Los Angeles - Downtown
Listed By:
Sehyung Kim · License #CalDRE #01327276
(213) 290-3599
Source:
Lee-associates
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 28 at 6:14AM
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 - Los Angeles - Downtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner storefront property was constructed in 1921 and includes a fence-secured parking lot. Access is provided along Los Angeles Street, with visibility from I-10.
The property is near South Park and the Fashion District. Identified statutory benefits include TOC (Tier 3), EZ, and Al Fresco Ord.
The property is near South Park and the Fashion District. Identified statutory benefits include TOC (Tier 3), EZ, and Al Fresco Ord.
Key Highlights
- Corner building constructed in 1921
- Fence‑secured parking lot
- Visibility from I‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$308,656
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,173,120
$6.2M
Cap Rate 7%
$4,409,371
$4.4M
Cap Rate 9%
$3,429,511
$3.4M
Market Conditions
NOI Build-Up for 13,300 SF
Gross rent
$491.6K $36.96/SF
− Vacancy
−$50.6K −$3.81/SF
EGI
$440.9K $33.15/SF
− OpEx
−$132.3K −$9.95/SF
NOI
$308.7K $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%
$6,173,120
Cap Rate 7%
$4,409,371
Cap Rate 9%
$3,429,511
Alternative Uses
Best Use
Retail
$4.41M
$3.86M – $5.14M
NOI $308,656 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$269.45M
$235.77M – $314.36M
NOI $18,861,501 @ 7.0% cap · market cap 419.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,263
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Lucy's Flowers — 2812 Maple Ave, Los Angeles, CA 90011
- Buds and Blooms — 2710 S Broadway, Los Angeles, CA 90007
- Plumeria — 2622 S Grand Ave, Los Angeles, CA 90007
- Mar flower shop — 2006 Maple Ave, Los Angeles, CA 90011
- JTA Inc — 1933 S Broadway, Los Angeles, CA 90007
Frequently Asked Questions
What type of property is this?
Storefront property - Corner positioning provides Los Angeles Street access and a fence-secured parking lot.
Where is this storefront property located?
The property is located at 1729 S Los Angeles St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Corner building constructed in 1921; Fence‑secured parking lot; Visibility from I‑10
