Retail-Front Warehouse Flex
For Sale
Contact for pricing
3441 S Main Street, Los Angeles, CA 90007
Front retail storefront connects to a rear warehouse with secured driveway access and five on-site parking spaces.
Property Size4,340 SF
Price / SF$250
Days on Market57
Property Features for 3441 S Main Street
General Information
Standard status
Active
Size
4,340 SF
Class
A
Total Parking Spaces
5
Property subtype
Industrial, Retail, Office
Zoning
LAMR1
Lease Type
Modified Gross
Investment Type
Owner/User
Net Operating Income
$68,310
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1988
Buildings
1
Tenancy
Single
Listing Agency:
ALTC Realty
Listed By:
Thomas Chou · License #CA 01960120
(626) 378-8007
Source:
Crexi
Added: Jul 15
Changed: Sep 6
Last Checked: Sep 8 at 8:01AM
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 ALTC Realty
Investment Insights
Based on property information with market context.
This versatile commercial property at 3441 S Main Street combines a prominent front retail storefront with a spacious rear warehouse. The building totals approximately 4,340 square feet and is configured for flexible use, including retail, light industrial, showroom, creative office, or distribution operations. The warehouse portion features high ceilings and is accessible through a secured driveway, supporting inventory storage, fabrication, or logistics.
The storefront is positioned for visibility along South Main Street with convenient street access. Five on-site parking spaces are available. The property is located in a commercial corridor within an Opportunity Zone and is described as minutes from Downtown LA and the USC campus, with proximity to major freeways (I-10, I-110) and public transportation.
Overall, the layout supports businesses that want retail presence at the front while maintaining dedicated warehouse space at the rear.
The storefront is positioned for visibility along South Main Street with convenient street access. Five on-site parking spaces are available. The property is located in a commercial corridor within an Opportunity Zone and is described as minutes from Downtown LA and the USC campus, with proximity to major freeways (I-10, I-110) and public transportation.
Overall, the layout supports businesses that want retail presence at the front while maintaining dedicated warehouse space at the rear.
Key Highlights
- Commercial property at 3441 S Main Street, Los Angeles, built in 1988
- Approximately 4,340 SF building with front storefront plus a spacious rear warehouse
- Rear warehouse access through a secured driveway, suitable for inventory storage, fabrication, or logistics
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,309,340
$1.3M
Cap Rate 7%
$935,243
$935.2K
Cap Rate 9%
$727,411
$727.4K
Market Conditions
NOI Build-Up for 4,340 SF
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.
Gross rent
$82.3K $18.96/SF
− Vacancy
−$5.3K −$1.21/SF
EGI
$77.0K $17.75/SF
− OpEx
−$11.6K −$2.66/SF
NOI
$65.5K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,309,340
Cap Rate 7%
$935,243
Cap Rate 9%
$727,411
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,719 @ 7.0% cap · market cap 9.28%
Second Best
Warehouse
$935.2K
$818.3K – $1.09M
NOI $65,467 @ 7.0% cap · market cap 6.03%
Theoretical Best
Multifamily LT 5
$87.93M
$76.94M – $102.58M
NOI $6,154,806 @ 7.0% cap · market cap 567.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,525
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Front retail storefront connects to a rear warehouse with secured driveway access and five on-site parking spaces.
Where is this flex space located?
The property is located at 3441 S Main Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Commercial property at 3441 S Main Street, Los Angeles, built in 1988; Approximately 4,340 SF building with front storefront plus a spacious rear warehouse; Rear warehouse access through a secured driveway, suitable for inventory storage, fabrication, or logistics
