Building Details

Year built 2007

Buildings 1

Listing Agency: IRN REALTY i***@irnrealty.com Show Phone

Listed By: TANADOL AUEYONG · License #02121308 Show Phone

Added: Jan 19 Changed: Nov 2 Last Checked: Nov 3 at 12:06AM

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MLS# WS26033839

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-story storefront building at 472 E 4th Street in Los Angeles contains approximately 16,800 square feet on an estimated 0.25-acre lot. Built in 2007, it is configured as four occupied units, one of which is owner-occupied. The property carries LAM2 zoning.

The building is in Los Angeles’s Toy District, an area associated with wholesale trade in toys, novelties, electronics, decorations, and party goods.

Key Highlights

• Four occupied units, including one owner‑occupied space
• Approximately 16,800 square feet of building area
• Estimated 0.25‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$389,881

Cap Rate

7.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,797,620 $7.8M

Cap Rate 7%

$5,569,729 $5.6M

Cap Rate 9%

$4,332,011 $4.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,800 SF

Gross rent

$620.9K $36.96/SF

− Vacancy

−$64.0K −$3.81/SF

EGI

$557.0K $33.15/SF

− OpEx

−$167.1K −$9.95/SF

NOI

$389.9K $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%

$7,797,620

Cap Rate 7%

$5,569,729

Cap Rate 9%

$4,332,011

Alternative Uses

Best Use

Retail

$5.57M

$4.87M – $6.50M (±1% cap)

NOI $389,881 @ 7.0% cap · market cap 7.29%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$340.36M

$297.81M – $397.08M (±1% cap)

NOI $23,825,054 @ 7.0% cap · market cap 445.33%

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

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Adult Day Care Tanning Salon Pet Grooming Service Veterinary Clinic Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

11,598

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90013, CA

15,589

Population

10,143

Households

1.5

Avg Household Size

43

Median Age

39%

College-Educated

85%

High-School Grad

0.7 sq mi

ZIP Area

22,270

Density / Sq Mi

$32,848

Median Household Income

$54,250

Median Earnings

$1,161

Median Rent

$786,600

Median Home Value

Market

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - All four units are occupied, including one used by the owner.

Where is this storefront property located?

The property is located at 472 E 4th Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $5,350,000.

What are key features of this property?

This property features: Four occupied units, including one owner‑occupied space; Approximately 16,800 square feet of building area; Estimated 0.25‑acre lot