174 S Alvarado St, Los Angeles, CA 90057

Building Details

Building Size 4,634 SF More

Year Built 1985 More

Listing Agency: MRG REALTY

Listed By: William Sou · License #02216508 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 9 Last Checked: Aug 10 at 4:37AM

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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 / Yr

$125,500

Cap Rate

6.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,510,000 $2.5M

Cap Rate 7%

$1,792,857 $1.8M

Cap Rate 9%

$1,394,444 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,634 SF

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 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 (±1% cap)

NOI $125,500 @ 7.0% cap · market cap 6.28%

Second Best

Retail

$1.54M

$1.34M – $1.79M (±1% cap)

NOI $107,542 @ 7.0% cap · market cap 5.38%

Theoretical Best

Multifamily LT 5

$93.88M

$82.15M – $109.53M (±1% cap)

NOI $6,571,744 @ 7.0% cap · market cap 328.59%

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

A Alpha Pharmacy Pharmacy

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store Pet Store & Service Buffet

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

3,779

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

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Similar Off Market Nearby

• Echo Rx Pharmacy — 2426 W 8th St # 112, Los Angeles, CA 90057
• Ok Lim — THE BEST PHARMACY, 2426 W 8th St SUITE102, Los Angeles, CA 90057
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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.