Freestanding Restaurant
For Sale
$1,050,000
4614 Avalon, Los Angeles, CA 90011
Freestanding restaurant on a sizable corner lot with street frontage in an LAC2-zoned South Los Angeles corridor.
Property Size1,176 SF
Lot Size0.12 Acres
Price / SF$892.86
Days on Market186
Property Features for 4614 Avalon
General Information
Standard status
Active
Size
1,176 SF
Lot size
0.12 Acres
Property subtype
Commercial/Industrial
Zoning
LAC2
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Listing Agency:
ReMax Tiffany Real Estate
(562) 280-6202
Listed By:
Brandon Belthius · License #02247810
(562) 280-6202
Source:
Exitrealty
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 15 at 6:01AM
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.
The property is a freestanding commercial building currently operating as a restaurant. It includes an approximately 1,176 square foot building on a 5,401 square foot lot. The site is zoned LAC2, and the property is positioned for a buyer to evaluate redevelopment or repositioning options, with permitted uses to be verified with the city.
Located along the Avalon Blvd corridor in South Los Angeles, the asset benefits from street frontage and visibility to vehicle and pedestrian traffic. The listing notes signage potential along the thoroughfare, supported by its established commercial address and exposure within a dense residential area.
For tenants or buyers, this configuration supports continued restaurant use or an owner/operator concept that benefits from a freestanding layout and prominent street presence. Showings are by appointment only and tenants must not be disturbed. Prospective purchasers should review LAC2 requirements and confirm redevelopment plans with the appropriate city authorities.
Located along the Avalon Blvd corridor in South Los Angeles, the asset benefits from street frontage and visibility to vehicle and pedestrian traffic. The listing notes signage potential along the thoroughfare, supported by its established commercial address and exposure within a dense residential area.
For tenants or buyers, this configuration supports continued restaurant use or an owner/operator concept that benefits from a freestanding layout and prominent street presence. Showings are by appointment only and tenants must not be disturbed. Prospective purchasers should review LAC2 requirements and confirm redevelopment plans with the appropriate city authorities.
Key Highlights
- Freestanding commercial building built in 1950, currently operating as a restaurant
- Approximately 1,176 SF building on a 5,401 SF lot with street frontage along Avalon Blvd
- LAC2 zoning in South Los Angeles (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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,120
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 on a sizable corner lot with street frontage in an LAC2-zoned South Los Angeles corridor.
Where is this conventional restaurant located?
The property is located at 4614 Avalon 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 building built in 1950, currently operating as a restaurant; Approximately 1,176 SF building on a 5,401 SF lot with street frontage along Avalon Blvd; LAC2 zoning in South Los Angeles (buyer to verify permitted uses with the city)
