Koreatown Mixed-Use Investment
4406-4414 W 2nd St. & 201-207 S Western Ave., Los Angeles, CA 90004
For Sale
$3,100,000
Mixed-use retail/office building on a signalized corner lot.
Property Size11,016 SF
Price / SF$281.41
Days on Market360
Property Features for 4406-4414 W 2nd St. & 201-207 S Western Ave.
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
Listed By:
Michael Chang · License CA #01880895
(626) 688-8864
Source:
Svn
Added: Nov 21, 2025
Changed: Nov 3
Last Checked: Nov 14 at 4:27AM
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 SVN | Rich Investment Real Estate Partners Los Angeles
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Investment Insights
Based on property information with market context.
This mixed-use retail and office building is comprised of two structures situated on a signalized corner lot in Koreatown, Los Angeles. The property benefits from a location on a busy corridor with approximately 40,000 vehicles per day. The primary tenant is a regional mattress store with multiple locations across Los Angeles. The remaining tenant roster consists of local professionals and creatives occupying office suites throughout the second floor of the building, with an adjacent building rented out as an entertainment studio. The property offers investors the opportunity to capitalize on cash flow with rental upside, and/or occupy one or several units. The property has been under the same ownership for over 40 years and features masonry construction with curb appeal. An additional income stream is generated from a water machine. The property offers flexibility to reposition tenants with mostly short-term leases.
Key Highlights
- High‑traffic location in Koreatown with approximately 40,000 vehicles per day
- Investment opportunity with a 6% CAP rate and approximately 20% rental upside
- Owner/User opportunity with flexibility to reposition tenants due to mostly short‑term leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,478
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,229,560
$5.2M
Cap Rate 7%
$3,735,400
$3.7M
Cap Rate 9%
$2,905,311
$2.9M
Market Conditions
NOI Build-Up for 11,016 SF
Gross rent
$428.3K $38.88/SF
− Vacancy
−$79.7K −$7.23/SF
EGI
$348.6K $31.65/SF
− OpEx
−$87.2K −$7.91/SF
NOI
$261.5K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,229,560
Cap Rate 7%
$3,735,400
Cap Rate 9%
$2,905,311
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,478 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$3.65M
$3.20M – $4.26M
NOI $255,650 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$4.60M
$4.02M – $5.37M
NOI $321,952 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
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
$1,457,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Los Angeles, CA
Properties on Market for Retail space in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use retail/office building on a signalized corner lot.
Where is this retail space located?
The property is located at 4406-4414 W 2nd St. & 201-207 S Western Ave. Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: High‑traffic location in Koreatown with approximately 40,000 vehicles per day; Investment opportunity with a 6% CAP rate and approximately 20% rental upside; Owner/User opportunity with flexibility to reposition tenants due to mostly short‑term leases
