NNN Retail
For Sale
$2,325,000
402 W 5th Street, Los Angeles, CA 90731
Two-building retail asset leased to a licensed cannabis retailer under a long-term NNN structure.
Property Size4,400 SF
Days on Market47
Property Features for 402 W 5th Street
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
6
Property subtype
Retail
Zoning
LACM
Site & Location
Neighborhood
Toy District
Building Details
Building Size
4,400 SF
Year Built
1949
Stories
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Eric Sackler · License #01057377
(310) 979-4990
Source:
Cbcworldwide
Added: Sep 16
Changed: Oct 30
Last Checked: Nov 1 at 2:19AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-building retail property contains approximately 4,400 SF and is fully leased to Rebud, a licensed cannabis retailer. The tenant renovated the space before opening in March 2026, and the property is identified with LACM zoning.
The current lease extends through March 31, 2031, and includes three additional five-year options. Contractual rent increases are set at 3% annually. Landlord obligations are limited primarily to the roof, structure, and tax overage above the tenant’s Prop 13 cap.
The current lease extends through March 31, 2031, and includes three additional five-year options. Contractual rent increases are set at 3% annually. Landlord obligations are limited primarily to the roof, structure, and tax overage above the tenant’s Prop 13 cap.
Key Highlights
- Approximately 4,400 SF across two retail buildings
- Fully leased to Rebud, a licensed cannabis retailer
- Lease runs through March 31, 2031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,112
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,042,240
$2.0M
Cap Rate 7%
$1,458,743
$1.5M
Cap Rate 9%
$1,134,578
$1.1M
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$162.6K $36.96/SF
− Vacancy
−$16.8K −$3.81/SF
EGI
$145.9K $33.15/SF
− OpEx
−$43.8K −$9.95/SF
NOI
$102.1K $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%
$2,042,240
Cap Rate 7%
$1,458,743
Cap Rate 9%
$1,134,578
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,112 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$89.14M
$78.00M – $104.00M
NOI $6,239,895 @ 7.0% cap · market cap 268.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,180
Businesses Nearby
Explore this area
Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
NNN property - Two-building retail asset leased to a licensed cannabis retailer under a long-term NNN structure.
Where is this nnn property located?
The property is located at 402 W 5th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Approximately 4,400 SF across two retail buildings; Fully leased to Rebud, a licensed cannabis retailer; Lease runs through March 31, 2031
