Corner Storefront Retail
For Sale
$1,190,000
3615 Beverly Boulevard, Los Angeles, CA 90004
Three retail units share a month-to-month tenancy, alongside a vacant freestanding building and an on-site billboard lease.
Property Size2,373 SF
Price / SF$501.47
Days on Market125
Property Features for 3615 Beverly Boulevard
General Information
Standard status
Active
Size
2,373 SF
Property subtype
Retail
Site & Location
Neighborhood
Koreatown
Corner Location
Yes
Additional Details
Opportunity Zone
Yes
Tenant in Place
Yes
Amenities
on-site parking
Building Details
Building Size
2,373 SF
Year Built
2005
Tenancy
Multi
Listing Agency:
JohnHart Real Estate
(818) 400-1868
Listed By:
Haik Bokhchalian · License #01325511
(818) 246-1099
Source:
35oakspropertygroup
Added: Jun 25
Changed: Oct 26
Last Checked: Oct 26 at 2:05PM
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 JohnHart Real Estate
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Investment Insights
Based on property information with market context.
At Beverly Boulevard, this 2,373-square-foot retail property combines three storefront units occupied by one tenant on a month-to-month lease with a separate freestanding retail building that is vacant. The occupied space may remain leased or be delivered vacant. An on-site billboard lease provides an additional income component, and on-site parking is included.
Built in 2005, the property is situated at a corner on Beverly Boulevard in Los Angeles. Its mix of occupied and vacant retail space supports several ownership and occupancy arrangements without requiring a single tenant configuration.
Built in 2005, the property is situated at a corner on Beverly Boulevard in Los Angeles. Its mix of occupied and vacant retail space supports several ownership and occupancy arrangements without requiring a single tenant configuration.
Key Highlights
- Three storefront units are occupied by one tenant on a month‑to‑month lease
- Separate freestanding retail building is vacant
- 2,373 square feet of property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,071
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,420
$1.1M
Cap Rate 7%
$786,729
$786.7K
Cap Rate 9%
$611,900
$611.9K
Market Conditions
NOI Build-Up for 2,373 SF
Gross rent
$87.7K $36.96/SF
− Vacancy
−$9.0K −$3.81/SF
EGI
$78.7K $33.15/SF
− OpEx
−$23.6K −$9.95/SF
NOI
$55.1K $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 Rate 5%
$1,101,420
Cap Rate 7%
$786,729
Cap Rate 9%
$611,900
Alternative Uses
Best Use
Retail
$786.7K
$688.4K – $917.9K
NOI $55,071 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$48.08M
$42.07M – $56.09M
NOI $3,365,289 @ 7.0% cap · market cap 282.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
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- Angela's Flowers — 271 S Carondelet St, Los Angeles, CA 90057
- Yanina's Flower Shop — 3520 W 3rd St, Los Angeles, CA 90020
- Four Seasons Flowers & Gifts — 3604 W 3rd St, Los Angeles, CA 90020
Frequently Asked Questions
What type of property is this?
Storefront property - Three retail units share a month-to-month tenancy, alongside a vacant freestanding building and an on-site billboard lease.
Where is this storefront property located?
The property is located at 3615 Beverly Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Three storefront units are occupied by one tenant on a month‑to‑month lease; Separate freestanding retail building is vacant; 2,373 square feet of property
