Mixed-Use Storefront
For Sale
$1,750,000
2815 S Western Ave, Los Angeles, CA 90018
Commercial frontage paired with a rear residence creates a flexible retail and residential configuration.
Property Size3,392 SF
Days on Market50
Property Features for 2815 S Western Ave
General Information
Standard status
Active
Size
3,392 SF
Property subtype
Commercial
Building Details
Building Size
3,392 SF
Year Built
1931
Units
2
Listing Agency:
Real Broker
Listed By:
Erika Martinez · License #02206762
(424) 421-4241
Source:
Elliman
Added: Aug 19
Changed: Sep 21
Last Checked: Oct 5 at 5:25PM
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 Real Broker
Investment Insights
Based on property information with market context.
Built in 1931, this 3,392-square-foot mixed-use property combines a storefront retail component with a residence at the rear. The configuration supports commercial use alongside residential occupancy, with the rear dwelling currently leased. The building has been maintained, and the roof was replaced approximately one year and eight months ago. No known roof leaks are reported, and the plumbing is described as being in good condition.
The property is located at 2815 S Western Ave in Los Angeles, within the historic Jefferson Park neighborhood. WalkScore is 55, BikeScore is 66, and TransitScore is 52, providing measurable context for pedestrian, bicycle, and transit access. Tenant relocation assistance may be considered for a future owner-user or occupancy plan.
The property is located at 2815 S Western Ave in Los Angeles, within the historic Jefferson Park neighborhood. WalkScore is 55, BikeScore is 66, and TransitScore is 52, providing measurable context for pedestrian, bicycle, and transit access. Tenant relocation assistance may be considered for a future owner-user or occupancy plan.
Key Highlights
- 3,392‑square‑foot mixed‑use property with storefront retail and a rear residence
- Rear residence is currently generating rental income
- Roof replaced approximately one year and eight months ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,864
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,837,280
$1.8M
Cap Rate 7%
$1,312,343
$1.3M
Cap Rate 9%
$1,020,711
$1.0M
Market Conditions
NOI Build-Up for 3,392 SF
Gross rent
$125.4K $36.96/SF
− Vacancy
−$2.9K −$0.85/SF
EGI
$122.5K $36.11/SF
− OpEx
−$30.6K −$9.03/SF
NOI
$91.9K $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 Rate 5%
$1,837,280
Cap Rate 7%
$1,312,343
Cap Rate 9%
$1,020,711
Alternative Uses
Best Use
Apartment 5plus
$59.97M
$52.47M – $69.96M
NOI $4,197,783 @ 7.0% cap · market cap 239.87%
Second Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,864 @ 7.0% cap · market cap 5.25%
Theoretical Best
Multifamily LT 5
$68.72M
$60.13M – $80.17M
NOI $4,810,392 @ 7.0% cap · market cap 274.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial frontage paired with a rear residence creates a flexible retail and residential configuration.
Where is this mixed-use property located?
The property is located at 2815 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,392‑square‑foot mixed‑use property with storefront retail and a rear residence; Rear residence is currently generating rental income; Roof replaced approximately one year and eight months ago
