Commercial Property with Long-Term
2515 E 115th Pl, Los Angeles, CA 90059
For Sale
$2,250,000
Pending
Commercial property featuring three long-term tenants in Los Angeles.
Property Size11,070 SF
Lot Size0.53 Acres
Days on Market250
Property Features for 2515 E 115th Pl
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Units
Listing Agency:
Harcourts Place
Listed By:
Paul Conti · License CA #01007130
(949) 445-3467
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 14 at 9:55AM
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 Harcourts Place
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property presents an opportunity for investors, featuring three long-term tenants: a kitchen cabinet store, an auto mechanic, and a furniture store. These tenants are well-established within the neighborhood, providing a stable rental income stream, with rent increases underway. The property is divided into three parcels, each occupied by one of the tenants. Acquiring all three parcels as a single commercial property offers a chance for investors seeking stable income in a commercial-light industrial area of Los Angeles, where property values are steadily increasing. Rental income and expenses information will be provided soon.
Key Highlights
- Stable rental income from three long‑term tenants.
- Opportunity for rent increases, enhancing future income potential.
- Located in a commercial‑light industrial area of Los Angeles with steadily increasing property values.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,518
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,750,360
$2.8M
Cap Rate 7%
$1,964,543
$2.0M
Cap Rate 9%
$1,527,978
$1.5M
Market Conditions
NOI Build-Up for 11,070 SF
Gross rent
$209.9K $18.96/SF
− Vacancy
−$13.4K −$1.21/SF
EGI
$196.5K $17.75/SF
− OpEx
−$58.9K −$5.32/SF
NOI
$137.5K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,750,360
Cap Rate 7%
$1,964,543
Cap Rate 9%
$1,527,978
Alternative Uses
Best Use
Retail
$3.67M
$3.21M – $4.28M
NOI $256,904 @ 7.0% cap · market cap 11.42%
Second Best
Industrial
$1.96M
$1.72M – $2.29M
NOI $137,518 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,530 @ 7.0% cap · market cap 14.38%
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
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
18,351 visits/mo
0.5 miles
Demographics for 90059, CA
43,551
Population
10,650
Households
4.1
Avg Household Size
31
Median Age
12%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
13,610
Density / Sq Mi
$53,840
Median Household Income
$33,260
Median Earnings
$1,317
Median Rent
$566,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail properties & Spaces in Los Angeles, CA
Properties on Market for Retail properties & Spaces in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail property - Commercial property featuring three long-term tenants in Los Angeles.
Where is this retail property located?
The property is located at 2515 E 115th Pl 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: Stable rental income from three long‑term tenants.; Opportunity for rent increases, enhancing future income potential.; Located in a commercial‑light industrial area of Los Angeles with steadily increasing property values.
