Mixed-Use Building Near
For Sale
$2,700,000
2240 W Temple, Los Angeles, CA 90026
Mixed-use building in trendy Los Angeles neighborhood, near public transportation.
Property Size5,666 SF
Lot Size0.12 Acres
Days on Market166
Property Features for 2240 W Temple
General Information
Standard status
Active
Size
5,666 SF
Lot size
0.12 Acres
Property subtype
Commercial
Building Details
Building Size
5,666 SF
Year Built
1905
Listing Agency:
BEVERLY AND COMPANY
(818) 371-2656
Listed By:
Rosi Agopian · License #01988068
(818) 371-2656
Source:
Elliman
Added: Mar 10
Changed: Aug 19
Last Checked: Aug 22 at 9:30AM
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 BEVERLY AND COMPANY
Investment Insights
Based on property information with market context.
This mixed-use building features 7 units and is located at the corner of Temple Street and Rosemont Avenue in the 90026 zip code area of Los Angeles. The area is known for its trendy and diverse neighborhoods such as Silverlake and Echo Park. The property is conveniently situated near public transportation, with several bus lines running in the general vicinity. The property can be used for both residential and commercial purposes, presenting a unique investment opportunity for generating rental income. The area is undergoing a significant transformation with new construction condominium developments, which may increase property values and potentially bring new businesses or amenities. The property is less than 3 miles from Downtown Los Angeles and offers easy access to a freeway entrance.
Key Highlights
- Prime location in the trendy 90026 zip code, near Silverlake and Echo Park.
- Mixed‑use building suitable for both residential and commercial purposes.
- Seven (7) units provide a significant rental income opportunity.
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
$114,737
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
4.25%
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%
$2,294,740
$2.3M
Cap Rate 7%
$1,639,100
$1.6M
Cap Rate 9%
$1,274,856
$1.3M
Market Conditions
NOI Build-Up for 5,666 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
$204.0K $36.00/SF
− Vacancy
−$20.4K −$3.60/SF
EGI
$183.6K $32.40/SF
− OpEx
−$68.8K −$12.15/SF
NOI
$114.7K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,294,740
Cap Rate 7%
$1,639,100
Cap Rate 9%
$1,274,856
Alternative Uses
Best Use
Apartment 5plus
$100.17M
$87.65M – $116.87M
NOI $7,011,981 @ 7.0% cap · market cap 259.70%
Second Best
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,737 @ 7.0% cap · market cap 4.25%
Theoretical Best
Multifamily LT 5
$114.79M
$100.44M – $133.92M
NOI $8,035,283 @ 7.0% cap · market cap 297.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in trendy Los Angeles neighborhood, near public transportation.
Where is this mixed-use property located?
The property is located at 2240 W Temple Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location in the trendy 90026 zip code, near Silverlake and Echo Park.; Mixed‑use building suitable for both residential and commercial purposes.; Seven (7) units provide a significant rental income opportunity.
