Retail Property Near Downtown
For Sale
$1,999,999
174 S Alvarado St, Los Angeles, CA 90057
Retail property with high visibility near Downtown Los Angeles.
Property Size4,634 SF
Lot Size0.14 Acres
Days on Market253
Property Features for 174 S Alvarado St
General Information
Standard status
Active
Size
4,634 SF
Lot size
0.14 Acres
Property subtype
Commercial
Building Details
Building Size
4,634 SF
Year Built
1985
Listing Agency:
MRG REALTY
(626) 608-6322
Listed By:
William Sou · License #02216508
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:47PM
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 MRG REALTY
Investment Insights
Based on property information with market context.
Located near Downtown Los Angeles and major transit lines, the property at 174 S Alvarado St offers approximately 4,634 sq ft of interior space on a 6,002 sq ft lot. Constructed in 1985, the property features a prominent storefront on a high-visibility corridor and is currently improved with a retail pharmacy. The structure includes multiple rooms suitable for office, retail, or service-based operations; permitted uses are to be verified by the buyer. Surrounded by dense residential neighborhoods, local businesses, and public transportation, this property benefits from strong foot traffic and convenient access to the 101 and 110 freeways.
Key Highlights
- High‑visibility storefront location on a major corridor.
- Located near Downtown Los Angeles and major transit lines.
- Strong foot traffic due to dense residential neighborhoods and local businesses.
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
$125,500
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
6.28%
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%
$2,510,000
$2.5M
Cap Rate 7%
$1,792,857
$1.8M
Cap Rate 9%
$1,394,444
$1.4M
Market Conditions
NOI Build-Up for 4,634 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
$171.3K $36.96/SF
− Vacancy
−$3.9K −$0.85/SF
EGI
$167.3K $36.11/SF
− OpEx
−$41.8K −$9.03/SF
NOI
$125.5K $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 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%
$2,510,000
Cap Rate 7%
$1,792,857
Cap Rate 9%
$1,394,444
Alternative Uses
Best Use
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,500 @ 7.0% cap · market cap 6.28%
Second Best
Retail
$1.54M
$1.34M – $1.79M
NOI $107,542 @ 7.0% cap · market cap 5.38%
Theoretical Best
Multifamily LT 5
$93.88M
$82.15M – $109.53M
NOI $6,571,744 @ 7.0% cap · market cap 328.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,546
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Marijuana Strains Store — 741 s alvarado st, los angeles, ca 90057
- Botica Del Pueblo — 2035 W 7th St, Los Angeles, CA 90057
- Best Pharmacy — 2426 W 8th St #102, Los Angeles, CA 90057
- Ok Lim — THE BEST PHARMACY, 2426 W 8th St SUITE102, Los Angeles, CA 90057
- Echo Rx Pharmacy — 2426 W 8th St # 112, Los Angeles, CA 90057
Frequently Asked Questions
What type of property is this?
Drug store - Retail property with high visibility near Downtown Los Angeles.
Where is this drug store located?
The property is located at 174 S Alvarado St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: High‑visibility storefront location on a major corridor.; Located near Downtown Los Angeles and major transit lines.; Strong foot traffic due to dense residential neighborhoods and local businesses.
