Mixed-Use Property with
For Sale
$1,470,070
3009 3015 Wabash, Los Angeles, CA 90063
Commercial improvements with three month-to-month storefront tenants and zoning that supports residential and neighborhood-serving commercial uses.
Property Size3,850 SF
Lot Size0.21 Acres
Price / SF$381.84
Days on Market47
Property Features for 3009 3015 Wabash
General Information
Standard status
Active
Size
3,850 SF
Lot size
0.21 Acres
Property subtype
Commercial
Zoning
[LM3-G2-3][CX5-8][CPIO]
Site & Location
Neighborhood
Boyle Heights
Additional Details
Asking Price
$1,470,700
Land Use
commercial, mixed-use
Building Details
Building Size
3,850 SF
Year Built
1923
Units
9036
Tenancy
Multi
Listing Agency:
CAREBF, Inc. Brokered by eXp Commercial Realty
Listed By:
Eric Chavez · License #01397806
(213) 999-0073
Source:
Elliman
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 3 at 7:52AM
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 CAREBF, Inc. Brokered by eXp Commercial Realty
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Investment Insights
Based on property information with market context.
Built in 1923, the property includes approximately 3,850 SF of commercial improvements on approximately 9,341 SF of land. Three storefront tenants occupy the building under month-to-month arrangements, giving an owner-user flexibility to pursue delivery of the commercial space vacant at closing, subject to transaction terms. The property is classified under [LM3-G2-3][CX5-8][CPIO] zoning, which supports residential and neighborhood-serving commercial uses.
An existing Lamar Advertising billboard lease is reported to continue through December 31, 2029; the lease and related development rights should be independently reviewed and verified. The property is directly across from a new 55-unit residential development and has a Walk Score of 91, a Bike Score of 67, and a Transit Score of 67.
An existing Lamar Advertising billboard lease is reported to continue through December 31, 2029; the lease and related development rights should be independently reviewed and verified. The property is directly across from a new 55-unit residential development and has a Walk Score of 91, a Bike Score of 67, and a Transit Score of 67.
Key Highlights
- Approximately 3,850 SF of commercial improvements on approximately 9,341 SF of land
- Three storefront tenants currently occupy the property on month‑to‑month terms
- Zoning: [LM3‑G2‑3][CX5‑8][CPIO]
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,348
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,960
$1.8M
Cap Rate 7%
$1,276,400
$1.3M
Cap Rate 9%
$992,756
$992.8K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$142.3K $36.96/SF
− Vacancy
−$14.7K −$3.81/SF
EGI
$127.6K $33.15/SF
− OpEx
−$38.3K −$9.95/SF
NOI
$89.3K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,960
Cap Rate 7%
$1,276,400
Cap Rate 9%
$992,756
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,348 @ 7.0% cap · market cap 6.08%
Second Best
Mixed Use
$1.11M
$974.5K – $1.30M
NOI $77,963 @ 7.0% cap · market cap 5.30%
Theoretical Best
Multifamily LT 5
$78.00M
$68.25M – $91.00M
NOI $5,459,908 @ 7.0% cap · market cap 371.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
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Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial improvements with three month-to-month storefront tenants and zoning that supports residential and neighborhood-serving commercial uses.
Where is this mixed-use property located?
The property is located at 3009 3015 Wabash Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,470,070.
What are key features of this property?
This property features: Approximately 3,850 SF of commercial improvements on approximately 9,341 SF of land; Three storefront tenants currently occupy the property on month‑to‑month terms; Zoning: [LM3‑G2‑3][CX5‑8][CPIO]
