Back to Search

For sale
Retail space
CA
Los Angeles
90004
4406-4414 W 2nd St. & 201-207 S Western Ave.

Koreatown Mixed-Use Investment Opportunity

4406-4414 W 2nd St. & 201-207 S Western Ave., Los Angeles, CA 90004

View on Map

For Sale

$3,100,000

Mixed-use retail/office building on a signalized corner lot.

Type:Retail

Property size:

11,016 SF

Price / SF:

$281/SF

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
Priced at a low basis of $281 per square foot
Signalized corner lot location
Mixed‑use retail/office building with diverse tenant roster including a profitable regional mattress store

We can help!

Contact an agent

Michael Chang

For Sale

$3,100,000

Mixed-use retail/office building on a signalized corner lot.

Type:Retail

Property size:

11,016 SF

Price / SF:

$281/SF

Added:: Nov 21, 2025
Days on Market:: 222
Last Refresh:: May 8 at 10:01 pm

Property Features for 4406-4414 W 2nd St. & 201-207 S Western Ave.

General Information

Standard status: Active
Size: 11,016 SF
Property subtype: Retail

Building Details

Year Built: 1923

We can help!

Contact an agent

Michael Chang

Listing office SVN | Rich Investment Real Estate Partners Los Angeles

Listing date Nov 21, 2025

Source Svn

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

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
Priced at a low basis of $281 per square foot
Signalized corner lot location
Mixed‑use retail/office building with diverse tenant roster including a profitable regional mattress store

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$428.3k	$38.88
− Vacancy	−$79.7k	−$7.23
EGI	$348.6k	$31.65
− OpEx	−$87.2k	−$7.91
NOI	$261.5k	$23.74

11,016 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.74M

$3.27M – $4.36M (±1% cap)

NOI $261,478 @ 7.0% cap · market cap 8.43%

Second Best

Retail

$3.65M

$3.20M – $4.26M (±1% cap)

NOI $255,650 @ 7.0% cap · market cap 8.25%

Theoretical Best

Multifamily LT 5

$223.18M

$195.28M – $260.37M (±1% cap)

NOI $15,622,428 @ 7.0% cap · market cap 503.95%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.309
Latitude: 34.0034

Nearby Similar for Sale

$2,600,000

10,944 SF

Los Angeles Commercial Investment Opportunity

Prime investment property in the heart of the Fashion District.

1212 S San Pedro Street, Los Angeles, CA 90015

View Details
$1,199,999

2,526 SF

Los Angeles Retail Opportunity

Single-tenant retail asset with high visibility and growth potential.

4254 Floral, Los Angeles, CA 90063

View Details
$3,990,000

8,688 SF

Prime Automotive Land in Los Angeles

Six parcels with buildings in established automotive corridor.

125 E Florence Ave, Los Angeles, CA 90003

View Details
$950,000

3,040 SF

Los Angeles Industrial Owner-User Opportunity

Rare industrial building in central Los Angeles, ideal for owner-users.

1915 S Santa Fe, Los Angeles, CA 90021

View Details
$1,175,000

1,617 SF

Eagle Rock Commercial/Residential Opportunity

Commercially zoned property in Eagle Rock, ideal for live/work.

1063 Colorado, Los Angeles, CA 90041

View Details
$1,390,000

2,373 SF

Corner Retail Property with Billboard

Corner retail building with three month-to-month storefront units, plus a separate vacant freestanding building.

3615 Beverly Boulevard, Los Angeles, CA 90004

View Details
$3,000,000

3,190 SF

Medical Office Complex Corner Assemblage

Two-building medical office complex on three contiguous lots in a multi-family/commercial hybrid zone.

4760 S Figueroa, Los Angeles, CA 90037

View Details
$1,899,800

4,068 SF

Modern Triplex with Duplex and Rear Unit

2023-built triplex featuring a front duplex and a detached rear unit, each with in-unit laundry and attached garages.

844 W 78th Street, Los Angeles, CA 90044

View Details
$1,849,000

5,196 SF

Seven-Unit Multifamily Property

Seven-unit residential income property with newly built non-rent-controlled units and a renovated rear building value-add component.

1023 E 28th, Los Angeles, CA 90011

View Details
$1,995,000

10,233 SF

12-Unit Multifamily Corner Property

Twelve apartments on a corner lot with on-site parking and a diversified unit mix, subject to Los Angeles rent control.

117 N St Louis, Los Angeles, CA 90033

View Details
$1,350,000

5,986 SF

Fourplex with In-Unit Laundry

Four-unit residential income property with in-unit laundry and separately metered gas and electricity.

2156 City View Ave, Los Angeles, CA 90033

View Details
$3,500,000

10,470 SF

Gated Apartment Building with Solar

Gated 10-unit apartment building with central A/C, solar panels, and multiple covered parking options.

1188 Innes Ave, Los Angeles, CA 90026

View Details

For sale
Retail space
CA
Los Angeles
90004
4406-4414 W 2nd St. & 201-207 S Western Ave.

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