Single-Tenant Retail
For Sale
$1,690,000
3700 E Cesar E Chavez Ave, Los Angeles, CA 90063
Newly renovated single-tenant retail building with ground-floor retail, mezzanine space, and a gated rear parking lot for seven cars.
Property Size5,649 SF
Price / SF$299.17
Days on Market61
Property Features for 3700 E Cesar E Chavez Ave
General Information
Standard status
Active
Size
5,649 SF
Total Parking Spaces
7
Additional Details
Clear Height
12 ft
Building Details
Year Built
1932
Tenancy
Single
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
John Matukas
Source:
Myfabuloushome
Added: Jul 10
Changed: Sep 8
Last Checked: Sep 8 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 eXp Realty of Greater Los Angeles
Investment Insights
Based on property information with market context.
Saxum West presents a newly renovated single-tenant retail building offering ground-floor retail space with 12-foot ceilings and a connected usable mezzanine level. The interior includes ground-floor retail plus an additional usable mezzanine, with the mezzanine accessible via an interior staircase.
The building sits at the hard corner of Cesar Chavez Avenue and Eastman Avenue in the heart of East Los Angeles. A gated rear parking lot provides parking for seven cars, and there is a separate, secure loading area to support deliveries.
This offering is positioned as a complete single-tenant retail facility with both main-level and mezzanine space, along with dedicated on-site parking and secure loading.
The building sits at the hard corner of Cesar Chavez Avenue and Eastman Avenue in the heart of East Los Angeles. A gated rear parking lot provides parking for seven cars, and there is a separate, secure loading area to support deliveries.
This offering is positioned as a complete single-tenant retail facility with both main-level and mezzanine space, along with dedicated on-site parking and secure loading.
Key Highlights
- Newly renovated 17,017 SF single‑tenant retail building built in 1932
- 5,000 SF ground‑floor retail with 12‑foot ceilings
- 12,000 SF usable mezzanine connected by an interior staircase
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
$131,097
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
7.76%
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%
$2,621,940
$2.6M
Cap Rate 7%
$1,872,814
$1.9M
Cap Rate 9%
$1,456,633
$1.5M
Market Conditions
NOI Build-Up for 5,649 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
$208.8K $36.96/SF
− Vacancy
−$21.5K −$3.81/SF
EGI
$187.3K $33.15/SF
− OpEx
−$56.2K −$9.95/SF
NOI
$131.1K $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 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%
$2,621,940
Cap Rate 7%
$1,872,814
Cap Rate 9%
$1,456,633
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $131,097 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$114.45M
$100.14M – $133.52M
NOI $8,011,174 @ 7.0% cap · market cap 474.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newly renovated single-tenant retail building with ground-floor retail, mezzanine space, and a gated rear parking lot for seven cars.
Where is this retail space located?
The property is located at 3700 E Cesar E Chavez Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Newly renovated 17,017 SF single‑tenant retail building built in 1932; 5,000 SF ground‑floor retail with 12‑foot ceilings; 12,000 SF usable mezzanine connected by an interior staircase
