Slauson Avenue Commercial
3020 W SLAUSON Avenue, Los Angeles, CA 90043
For Sale
$1,390,000
Commercial property with mini market and recording studio.
Property Size1,716 SF
Lot Size0.15 Acres
Price / SF$810.02
Days on Market903
Property Features for 3020 W SLAUSON Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Amenities
Corner Lot
Flat
Level with Street
Paved
Rectangular Lot
Walkstreet
Building Details
Year Built
Listing Agency:
COAST AND COUNTRY REAL ESTATE
(951) 684-4881
Listed By:
KENNETH KELLEY · License #00367310
(603) 740-0920
Source:
Corcoran
Added: May 20, 2024
Changed: Aug 8
Last Checked: Apr 24 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 COAST AND COUNTRY REAL ESTATE
Ask AI about this property
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 is located on Slauson Avenue and 8th Street, at a stop light controlled intersection. Currently operating as a mini market with a drive-through window, the property also includes a second building used as a recording studio. The site benefits from ingress and egress entrances on both 8th Street and Slauson Avenue. Plans are available to connect the two buildings with an additional 1700 square feet, potentially increasing the total square footage to approximately 2300 square feet. The property, with a size of 1716 square feet, is ideal for expansion or redevelopment.
Key Highlights
- High‑traffic location at the intersection of Slauson Avenue and 8th Street with a stop light.
- Drive‑through window currently in place.**
- Multiple ingress/egress points on both 8th Street and Slauson Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,473
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,460
$929.5K
Cap Rate 7%
$663,900
$663.9K
Cap Rate 9%
$516,367
$516.4K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$63.4K $36.96/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$62.0K $36.11/SF
− OpEx
−$15.5K −$9.03/SF
NOI
$46.5K $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%
$929,460
Cap Rate 7%
$663,900
Cap Rate 9%
$516,367
Alternative Uses
Best Use
Specialty Retail
$663.9K
$580.9K – $774.6K
NOI $46,473 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$568.9K
$497.8K – $663.7K
NOI $39,824 @ 7.0% cap · market cap 2.87%
Theoretical Best
Multifamily LT 5
$34.77M
$30.42M – $40.56M
NOI $2,433,559 @ 7.0% cap · market cap 175.08%
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
1,195
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 24%
Fatburger
Dining
11,580 visits/mo
0.3 miles
Taco Bell
Dining
8,307 visits/mo
0.3 miles
AutoZone
Shops & Services
4,817 visits/mo
0.2 miles
Speedy Cash
Shops & Services
1,589 visits/mo
0.5 miles
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Grocery and convenience stores in Los Angeles, CA
Properties on Market for Grocery and convenience stores in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Will's Jr Market — 1060 E Hyde Park Blvd, Inglewood, CA 90302
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial property with mini market and recording studio.
Where is this grocery and convenience store located?
The property is located at 3020 W SLAUSON Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Slauson Avenue and 8th Street with a stop light.; Drive‑through window currently in place.**; Multiple ingress/egress points on both 8th Street and Slauson Avenue.
