Retail Building Near Downtown
For Sale
$1,499,000
3518 Whittier Boulevard, Los Angeles, CA 90023
Retail building with three spaces, parking, and high-visibility traffic.
Property Size5,380 SF
Lot Size0.20 Acres
Price / SF$278.62
Days on Market162
Property Features for 3518 Whittier Boulevard
General Information
Standard status
Active
Size
5,380 SF
Lot size
0.20 Acres
Property subtype
Retail
Building Details
Building Size
5,380 SF
Year Built
1947
Listing Agency:
Century 21 Realty Masters
(323) 562-7777
Listed By:
Jesse Barocio · License #00975018
Source:
Truthrealty
Added: Mar 16
Changed: Aug 23
Last Checked: Aug 23 at 5:34AM
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 Century 21 Realty Masters
Investment Insights
Based on property information with market context.
This 5,380 square foot building on an 8,629 square foot lot, per assessor data, offers a prime opportunity. The property features three retail spaces and ample parking. Benefiting from strong visibility and traffic, the location is likely to attract both tenants and customers. The property is near downtown Los Angeles and Dodger Stadium. The location has a walk score of 90, indicating it is a Walker's Paradise; a transit score of 68, indicating good transit options; and a bike score of 62, indicating it is bikeable.
Key Highlights
- Walker's Paradise: Enjoy excellent walkability with a Walk Score of 90.
- High Visibility & Traffic: Attracts tenants and customers, ensuring business success.
- Three Retail Spaces: Provides immediate income potential for investors.
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
$124,855
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
8.33%
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%
$2,497,100
$2.5M
Cap Rate 7%
$1,783,643
$1.8M
Cap Rate 9%
$1,387,278
$1.4M
Market Conditions
NOI Build-Up for 5,380 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
$198.8K $36.96/SF
− Vacancy
−$20.5K −$3.81/SF
EGI
$178.4K $33.15/SF
− OpEx
−$53.5K −$9.95/SF
NOI
$124.9K $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 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%
$2,497,100
Cap Rate 7%
$1,783,643
Cap Rate 9%
$1,387,278
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,855 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$109.00M
$95.37M – $127.16M
NOI $7,629,690 @ 7.0% cap · market cap 508.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with three spaces, parking, and high-visibility traffic.
Where is this storefront property located?
The property is located at 3518 Whittier Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Walker's Paradise: Enjoy excellent walkability with a Walk Score of 90.; High Visibility & Traffic: Attracts tenants and customers, ensuring business success.; Three Retail Spaces: Provides immediate income potential for investors.
