Storefront Retail Pharmacy
174 S Alvarado Street, Los Angeles, CA 90057
Freestanding storefront building with multiple interior rooms and convenient access to major transit and freeways.
Type:Commercial/Industrial
Property size:
4,634 SFLot size:
0.14 AcresPrice / SF:
$431/SF- Added:
- Jul 29, 2025
- Days on Market:
- 333
- Last Refresh:
- Jun 24 at 1:54 am
Property Features for 174 S Alvarado Street
General Information
- Standard status
- Active
- Size
- 4,634 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1985
Listing office MRG REALTY (213) 925-6450
Listing date Jul 29, 2025
Source Exitrealty
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
HighLights
- Built in 1985 freestanding storefront building with approximately 4,634 sq ft of interior space
- Situated on a 6,002 sq ft lot, offering a retail pharmacy currently in place
- Prominent storefront on a high‑visibility corridor
- Includes multiple rooms that may support office, retail, or service‑based operations (buyer to verify permitted uses)
- Convenient access to the 101 and 110 freeways and major transit lines near Downtown Los Angeles
Overview
174 S Alvarado St is a freestanding retail pharmacy building built in 1985, offering approximately 4,634 sq ft of interior space on a 6,002 sq ft lot. The property features a prominent storefront on a high-visibility corridor and is currently improved with a retail pharmacy layout. The structure includes multiple rooms that may support a range of office, retail, or service-based operations, with permitted uses to be verified by the buyer.
The building is located near Downtown Los Angeles and major transit lines, surrounded by dense residential neighborhoods, local businesses, and public transportation. Convenient access is provided to the 101 and 110 freeways, supporting tenant and customer reach from multiple directions.
For buyers seeking a turnkey retail-use building or a flexible setup for office or service concepts, the combination of a street-facing storefront and modular interior rooms can accommodate different operations. The property’s pharmacy improvement may also appeal to users looking for an existing retail medical configuration, while any intended changes or licensing requirements should be confirmed during due diligence.
The building is located near Downtown Los Angeles and major transit lines, surrounded by dense residential neighborhoods, local businesses, and public transportation. Convenient access is provided to the 101 and 110 freeways, supporting tenant and customer reach from multiple directions.
For buyers seeking a turnkey retail-use building or a flexible setup for office or service concepts, the combination of a street-facing storefront and modular interior rooms can accommodate different operations. The property’s pharmacy improvement may also appeal to users looking for an existing retail medical configuration, while any intended changes or licensing requirements should be confirmed during due diligence.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.3k | $36.96 |
| − Vacancy | −$3.9k | −$0.85 |
| EGI | $167.3k | $36.11 |
| − OpEx | −$41.8k | −$9.03 |
| NOI | $125.5k | $27.08 |
4,634 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
A Alpha Pharmacy
Pharmacy
Similar Places Nearby
- Siloam Pharmacy — 2528 W Olympic Blvd #102, Los Angeles, CA 90006
- Herbalife Nutricion — 2300 West Olympic Boulevard #208 Segundo Pisó, Los Angeles, CA 90006
- Herbalife K-C Nutrition Spot — 2411 W Olympic Blvd Ste 4, Los Angeles, CA 90006
- Michelle Na — 2528 W Olympic Blvd #102, Los Angeles, CA 900062922
- Paulista Pharmacy — Los Angeles, CA 90006
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.27144
- Latitude
- 34.06457
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Freestanding storefront building with multiple interior rooms and convenient access to major transit and freeways.
Where is this drug store located?
The property is located at 174 S Alvarado Street 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: Built in 1985 freestanding storefront building with approximately 4,634 sq ft of interior space; Situated on a 6,002 sq ft lot, offering a retail pharmacy currently in place; Prominent storefront on a high‑visibility corridor
