Retail Storefront with Clinic
For Sale
Contact for pricing
2116-2118 S Central Ave, Los Angeles, CA 90011
Prominent frontage, ADA upgrades, and a newer HVAC system complement a long-term health clinic tenancy.
Property Size2,000 SF
Price / SF$500
Days on Market103
Property Features for 2116-2118 S Central Ave
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
6
Property subtype
Retail
Zoning
LAC2
Investment Type
Stabilized
Net Operating Income
$58,270
Financials
Business Included
Yes
Opportunity Zone
Yes
Building Details
Year Built
1920
Tenancy
Single
Listing Agency:
Rose&Co Group
Listed By:
Arie Rose · License #02206762
Source:
Crexi
Added: Jun 11
Changed: Sep 8
Last Checked: Sep 21 at 4:43AM
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 Rose&Co Group
Investment Insights
Based on property information with market context.
This property is a retail storefront investment with a long-term health clinic tenant in place. The improvements include a newer HVAC system and ADA-compliant upgrades, supporting a modernized, accessible environment for patient traffic and day-to-day operations.
Located in the heart of Los Angeles at 2116-2118 S Central Ave, the building provides approximately 70 feet of frontage along S. Central Avenue. Visibility is supported by the street frontage, and the property includes six on-site parking spaces. The site is designated as an Opportunity Zone, and it is zoned LAC2, which may offer flexibility for a variety of commercial uses.
For buyers or tenants seeking an income-producing retail asset with established operations, the existing health clinic tenancy provides immediate occupancy. The combination of street-facing presence, on-site parking, ADA-compliant improvements, and LAC2 zoning can be an attractive fit for medical users and other compatible commercial concepts looking for an updated storefront environment.
Located in the heart of Los Angeles at 2116-2118 S Central Ave, the building provides approximately 70 feet of frontage along S. Central Avenue. Visibility is supported by the street frontage, and the property includes six on-site parking spaces. The site is designated as an Opportunity Zone, and it is zoned LAC2, which may offer flexibility for a variety of commercial uses.
For buyers or tenants seeking an income-producing retail asset with established operations, the existing health clinic tenancy provides immediate occupancy. The combination of street-facing presence, on-site parking, ADA-compliant improvements, and LAC2 zoning can be an attractive fit for medical users and other compatible commercial concepts looking for an updated storefront environment.
Key Highlights
- Retail property built in 1920 with a long‑term health clinic tenant
- Approximately 70 ft of frontage along S. Central Avenue
- 6 on‑site parking spaces
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
$51,306
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
5.13%
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%
$1,026,120
$1.0M
Cap Rate 7%
$732,943
$732.9K
Cap Rate 9%
$570,067
$570.1K
Market Conditions
NOI Build-Up for 2,000 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
$82.3K $41.16/SF
− Vacancy
−$13.9K −$6.96/SF
EGI
$68.4K $34.20/SF
− OpEx
−$17.1K −$8.55/SF
NOI
$51.3K $25.65/SF
Area
ZIP 90011
Vacancy
16.90%
Lease Rate
$41.16 /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%
$1,026,120
Cap Rate 7%
$732,943
Cap Rate 9%
$570,067
Alternative Uses
Best Use
Office B
$732.9K
$641.3K – $855.1K
NOI $51,306 @ 7.0% cap · market cap 5.13%
Second Best
Healthcare Medical
$628.2K
$549.7K – $732.9K
NOI $43,972 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$40.52M
$35.45M – $47.27M
NOI $2,836,316 @ 7.0% cap · market cap 283.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,451
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Prominent frontage, ADA upgrades, and a newer HVAC system complement a long-term health clinic tenancy.
Where is this medical office space located?
The property is located at 2116-2118 S Central Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Retail property built in 1920 with a long‑term health clinic tenant; Approximately 70 ft of frontage along S. Central Avenue; 6 on‑site parking spaces
