Slauson Avenue Commercial Property For
3020 W SLAUSON Ave, Los Angeles, CA 90043
For Sale
$1,390,000
Commercial property with mini market, recording studio, expansion potential.
Property Size1,716 SF
Lot Size0.15 Acres
Price / SF$604.35
Days on Market245
Property Features for 3020 W SLAUSON Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
coast and country real estate
Listed By:
KENNETH KELLEY · License #00367310
(951) 684-4881
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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.
Located on Slauson Avenue and 8th Street at a stop light controlled intersection, this property currently houses a mini market with a drive-through window. An additional building on the premises is being used as a recording studio. The property 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 bringing the total square footage to approximately 2300 square feet. This property 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 use at the mini market.
- Multiple ingress/egress points on both 8th Street and Slauson Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,290
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,800
$1.2M
Cap Rate 7%
$889,857
$889.9K
Cap Rate 9%
$692,111
$692.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$85.0K $36.96/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$83.1K $36.11/SF
− OpEx
−$20.8K −$9.03/SF
NOI
$62.3K $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%
$1,245,800
Cap Rate 7%
$889,857
Cap Rate 9%
$692,111
Alternative Uses
Best Use
Specialty Retail
$889.9K
$778.6K – $1.04M
NOI $62,290 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$762.5K
$667.2K – $889.6K
NOI $53,377 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$960.3K
$840.2K – $1.12M
NOI $67,219 @ 7.0% cap · market cap 4.84%
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, recording studio, expansion potential.
Where is this grocery and convenience store located?
The property is located at 3020 W SLAUSON Ave 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 use at the mini market.; Multiple ingress/egress points on both 8th Street and Slauson Avenue.
