Freestanding Restaurant
For Sale
$1,050,000
4614 Avalon Blvd, Los Angeles, CA 90011
Freestanding restaurant property on a sizable lot, zoned LAC2, with appointment-only showings.
Property Size1,176 SF
Lot Size0.12 Acres
Price / SF$892.86
Days on Market211
Property Features for 4614 Avalon Blvd
General Information
Standard status
Active
Size
1,176 SF
Lot size
0.12 Acres
Zoning
LAC2
Listing Agency:
ReMax Tiffany Real Estate
Listed By:
Brandon Belthius · License #02247810
(714) 763-2100
Source:
Exprealty
Added: Feb 5
Changed: Aug 21
Last Checked: Sep 4 at 1:03PM
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 ReMax Tiffany Real Estate
Investment Insights
Based on property information with market context.
Freestanding commercial property currently operating as an established restaurant. The offering includes an approximately 1,176-square-foot building on a 5,401-square-foot lot, zoned LAC2. The site is presented as a value-add redevelopment and repositioning opportunity, with buyer to verify specific commercial uses with the City.
Located along the Avalon Blvd corridor in South Los Angeles, the property benefits from street frontage and exposure, along with signage potential. Showings are by appointment only, and tenants should not be disturbed.
For prospective purchasers or brokers, the combination of an existing restaurant use, LAC2 zoning, and the lot size supports both current operations and redevelopment planning, subject to City approvals.
Located along the Avalon Blvd corridor in South Los Angeles, the property benefits from street frontage and exposure, along with signage potential. Showings are by appointment only, and tenants should not be disturbed.
For prospective purchasers or brokers, the combination of an existing restaurant use, LAC2 zoning, and the lot size supports both current operations and redevelopment planning, subject to City approvals.
Key Highlights
- Freestanding commercial property operating as an established restaurant
- Approximately 1,176 SF building on a 5,401 SF lot
- Zoned LAC2 (buyer to verify permitted uses with the city)
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
$31,849
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
3.03%
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%
$636,980
$637.0K
Cap Rate 7%
$454,986
$455.0K
Cap Rate 9%
$353,878
$353.9K
Market Conditions
NOI Build-Up for 1,176 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
$43.5K $36.96/SF
− Vacancy
−$1,000 −$0.85/SF
EGI
$42.5K $36.11/SF
− OpEx
−$10.6K −$9.03/SF
NOI
$31.8K $27.08/SF
Area
ZIP 90011
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
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%
$636,980
Cap Rate 7%
$454,986
Cap Rate 9%
$353,878
Alternative Uses
Best Use
Specialty Retail
$455.0K
$398.1K – $530.8K
NOI $31,849 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.83M
$20.85M – $27.80M
NOI $1,667,754 @ 7.0% cap · market cap 158.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property on a sizable lot, zoned LAC2, with appointment-only showings.
Where is this conventional restaurant located?
The property is located at 4614 Avalon Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Freestanding commercial property operating as an established restaurant; Approximately 1,176 SF building on a 5,401 SF lot; Zoned LAC2 (buyer to verify permitted uses with the city)
