Slauson Avenue Commercial Property For
3020 W SLAUSON Avenue Los Angeles, CA 90043
For Sale
$1,390,000
Commercial property with mini market and recording studio on Slauson.
Property Size1,716 SF
Lot Size0.15 Acres
Price / SF$810.02
Days on Market1487
Property Features for 3020 W SLAUSON Avenue
General Information
Standard status
Active
Size
1,716 SF
Lot size
0.15 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1928
Listing Agency:
COAST AND COUNTRY REAL ESTATE
(951) 684-4881
Listed By:
KENNETH KELLEY · License #00367310
(951) 684-4881
Source:
Exitrealty
Added: Jul 4, 2022
Changed: Jul 6
Last Checked: Jul 28 at 4:35AM
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
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. A second building on the premises is being used as a recording studio. The property offers 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. The existing property size is 1716 square feet. This property is ideal for expansion or redevelopment.
Key Highlights
- High‑traffic location at the intersection of Slauson Avenue and 8th Street.
- Drive‑through window (currently used by mini‑market).
- Multiple ingress/egress points on both 8th Street and Slauson Avenue.
Financial Insights For Specialty 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 | $63.4k | $36.96 |
| − Vacancy | −$1.5k | −$0.85 |
| EGI | $62.0k | $36.11 |
| − OpEx | −$15.5k | −$9.03 |
| NOI | $46.5k | $27.08 |
1,716 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 on Slauson.
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.; **Drive‑through window** (currently used by mini‑market).; Multiple ingress/egress points on both 8th Street and Slauson Avenue.
