2815 S Western Avenue, Los Angeles, CA 90018
Corner-lot mixed-use building with three tenant-occupied retail units and a back house, totaling 3,392 sq. ft. on 6,309 sq. ft.
- Added:
- Jun 13, 2025
- Days on Market:
- 380
- Last Refresh:
- Jun 27 at 2:08 am
Property Features for 2815 S Western Avenue
General Information
- Standard status
- Active
- Size
- 3,392 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1931
Listing office First Team Real Estate (562) 440-0177
Listing date Jun 13, 2025
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of First Team Real Estate
HighLights
- Mixed‑use corner‑lot building with three tenant‑occupied retail units plus a back house
- Year built 1931; total building size approx. 3,392 sq. ft.
- 6,309 sq. ft. corner lot with street visibility
- Property is tenant occupied, offering consistent rental income potential
- Located near USC and Exposition Park, BMO Stadium, and major public transportation routes
Overview
The property is located in the heart of Los Angeles’ historic Jefferson Park neighborhood. It benefits from street visibility associated with its corner positioning, and it is marketed as being near USC, Exposition Park, BMO Stadium, and major public transportation routes.
This setup can suit buyers or operators looking for a multi-unit retail configuration within a mixed-use asset. With retail space distributed across three separate units and tenancy already in place, the property provides an operationally straightforward foundation for ongoing management. The corner-lot location and back-house component also add flexibility to the overall tenant mix, while the current tenant-occupied status supports immediate consideration for an investor seeking an income-producing property at the time of acquisition.
Local Financial Insights For 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 | $125.4k | $36.96 |
| − Vacancy | −$12.9k | −$3.81 |
| EGI | $112.5k | $33.15 |
| − OpEx | −$33.7k | −$9.95 |
| NOI | $78.7k | $23.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30914
- Latitude
- 34.02956
