Freestanding Storefront
New
For Sale
$1,200,000
3651 Beverly Blvd, Los Angeles, CA 90004
Commercial building positioned on a LAM1-zoned parcel.
Property Size4,434 SF
Lot Size0.14 Acres
Price / SF$270.64
Days on Market2
Property Features for 3651 Beverly Blvd
General Information
Standard status
Active
Size
4,434 SF
Lot size
0.14 Acres
Property subtype
Vacant-User
Zoning
LAM1
Amenities
Vacant Freestanding Asset with Immediate Dual-Path Upside
Direct Connectivity to Downtown Los Angeles, Koreatown, Silver Lake, Hollywood, and Mid-Wilshire
*There is a billboard located on the Property that generates$200 per month on a month-to-month basis.
Building Details
Building Size
4,434 SF
Year Built
1929
Buildings
1
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2794
Listed By:
Brandon Michaels · License #License(s): CA: 01434685
(818) 212-2794
Source:
Marcusmillichap
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 5:28AM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
The property is a freestanding storefront building containing 4,434 square feet on a 6,101-square-foot parcel. Constructed in 1929, the building occupies a commercial site along Beverly Boulevard and is designated LAM1 for land use.
The asset is located in Los Angeles, California, within the East Hollywood and Virgil Village areas of central Los Angeles. Its boulevard setting places the property within an established infill commercial environment.
The asset is located in Los Angeles, California, within the East Hollywood and Virgil Village areas of central Los Angeles. Its boulevard setting places the property within an established infill commercial environment.
Key Highlights
- 4,434 SF freestanding commercial building
- 6,101 SF LAM1‑zoned parcel
- Located along Beverly Boulevard in Los Angeles
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
$102,901
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
8.58%
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%
$2,058,020
$2.1M
Cap Rate 7%
$1,470,014
$1.5M
Cap Rate 9%
$1,143,344
$1.1M
Market Conditions
NOI Build-Up for 4,434 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
$163.9K $36.96/SF
− Vacancy
−$16.9K −$3.81/SF
EGI
$147.0K $33.15/SF
− OpEx
−$44.1K −$9.95/SF
NOI
$102.9K $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%
$2,058,020
Cap Rate 7%
$1,470,014
Cap Rate 9%
$1,143,344
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.72M
NOI $102,901 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$89.83M
$78.60M – $104.80M
NOI $6,288,112 @ 7.0% cap · market cap 524.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,654
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
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 - Commercial building positioned on a LAM1-zoned parcel.
Where is this storefront property located?
The property is located at 3651 Beverly Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,434 SF freestanding commercial building; 6,101 SF LAM1‑zoned parcel; Located along Beverly Boulevard in Los Angeles
