Built-Out Restaurant with Commercial
For Sale
Contact for pricing
2214 Stoner Ave, Los Angeles, CA 90064
Freestanding restaurant property with dining, kitchen, refrigeration, storage, and office components for food-service operations.
Property Size3,600 SF
Price / SF$625
Days on Market327
Property Features for 2214 Stoner Ave
General Information
Standard status
Active
Size
3,600 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap
(818) 212-2776
Listed By:
Martin Agnew · License #CA:01339034
Source:
Moodyscre
Added: Oct 8, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:09PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This 3,600-square-foot restaurant property includes a fully equipped commercial kitchen, walk-in refrigeration, freezers, dining space, restrooms, storage, and office areas. A former bar area is also part of the existing layout, while the roof has been recently replaced. The improvements support restaurant and catering operations without requiring a ground-up buildout.
The property is currently occupied by Neli’s Restaurant & Catering and is scheduled for vacant delivery by mid November 2025. Its existing combination of food-preparation, customer-service, and back-of-house areas provides a complete operating framework for a restaurant or catering business.
The property is currently occupied by Neli’s Restaurant & Catering and is scheduled for vacant delivery by mid November 2025. Its existing combination of food-preparation, customer-service, and back-of-house areas provides a complete operating framework for a restaurant or catering business.
Key Highlights
- 3,600‑square‑foot restaurant property at 2214 Stoner Ave
- Fully equipped commercial kitchen with walk‑in refrigeration and freezers
- Dining area, former bar, restrooms, storage, and office space
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
$97,497
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
4.33%
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%
$1,949,940
$1.9M
Cap Rate 7%
$1,392,814
$1.4M
Cap Rate 9%
$1,083,300
$1.1M
Market Conditions
NOI Build-Up for 3,600 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
$133.1K $36.96/SF
− Vacancy
−$3.1K −$0.85/SF
EGI
$130.0K $36.11/SF
− OpEx
−$32.5K −$9.03/SF
NOI
$97.5K $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%
$1,949,940
Cap Rate 7%
$1,392,814
Cap Rate 9%
$1,083,300
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,497 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$638.9K
$559.0K – $745.4K
NOI $44,721 @ 7.0% cap · market cap 1.99%
Theoretical Best
Multifamily LT 5
$72.93M
$63.82M – $85.09M
NOI $5,105,369 @ 7.0% cap · market cap 226.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,971
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 34%
Office Supplies 19%
Apparel 9%
Taco Bell
Dining
30,875 visits/mo
0.3 miles
Staples
Office Supplies
16,403 visits/mo
0.2 miles
Shell
Shops & Services
14,959 visits/mo
0.3 miles
Chevron
Shops & Services
14,898 visits/mo
0.3 miles
Roger Dunn Golf Shops
Apparel
7,956 visits/mo
0.5 miles
Demographics for 90064, CA
27,553
Population
12,897
Households
2.1
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
7,447
Density / Sq Mi
$129,703
Median Household Income
$84,766
Median Earnings
$2,710
Median Rent
$1,746,800
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property with dining, kitchen, refrigeration, storage, and office components for food-service operations.
Where is this conventional restaurant located?
The property is located at 2214 Stoner Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 3,600‑square‑foot restaurant property at 2214 Stoner Ave; Fully equipped commercial kitchen with walk‑in refrigeration and freezers; Dining area, former bar, restrooms, storage, and office space
