Two-Unit Retail Bar
For Sale
$899,000
5048 5050 E 3 rd Street, Los Angeles, CA 90022
Two leased units operate as a liquor store and bar, with recent roof, ADA, and parking lot updates.
Property Size3,000 SF
Days on Market86
Property Features for 5048 5050 E 3 rd Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$8,569
Building Details
Building Size
3,000 SF
Year Built
1949
Tenancy
Multi
Listing Agency:
Diamond Hills Realty
Listed By:
Asif Musavvir · License #01022368
(909) 860-2234
Source:
Archetyperealty
Added: Jul 20
Changed: Sep 28
Last Checked: Oct 13 at 2:08AM
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 Diamond Hills Realty
Investment Insights
Based on property information with market context.
This is a two-unit commercial building currently leased to a liquor store and a bar. The seller reports approximately 3,000 square feet, while public records show 2,800 square feet; buyers are encouraged to verify and measure during due diligence.
The roof was redone approximately seven years ago, and the parking lot has new asphalt from about two years ago. ADA updates were also completed about two years ago, with all information subject to verification.
The property is offered for sale only as a building; the existing businesses are not for sale. Walk score is listed as 90 and transit score as 59, with a bike score of 61.
The roof was redone approximately seven years ago, and the parking lot has new asphalt from about two years ago. ADA updates were also completed about two years ago, with all information subject to verification.
The property is offered for sale only as a building; the existing businesses are not for sale. Walk score is listed as 90 and transit score as 59, with a bike score of 61.
Key Highlights
- Two‑unit building (1949) with both units leased to a liquor store and a bar
- Approx. roof redo completed 7 years ago
- Parking lot updated with new asphalt 2 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,247
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,940
$1.6M
Cap Rate 7%
$1,160,671
$1.2M
Cap Rate 9%
$902,744
$902.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$110.9K $36.96/SF
− Vacancy
−$2.6K −$0.85/SF
EGI
$108.3K $36.11/SF
− OpEx
−$27.1K −$9.03/SF
NOI
$81.2K $27.08/SF
Area
ZIP 90022
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 Rate 5%
$1,624,940
Cap Rate 7%
$1,160,671
Cap Rate 9%
$902,744
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,247 @ 7.0% cap · market cap 9.04%
Second Best
Retail
$1.08M
$947.9K – $1.26M
NOI $75,831 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,561 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- El Boulevar Sports Bar — 4537 Whittier Blvd, Los Angeles, CA 90022
- A+ Snack Stop — 603 S Atlantic Blvd, East Los Angeles, CA 90022
- Eastside Havikk — Da Heart of East Los, Los Angeles, CA 90022
- Likas dancing club — Clara St, Cudahy, CA 90201
- El Torito Cafe East la — 5720 1/2 E Beverly Blvd, East Los Angeles, CA 90022
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two leased units operate as a liquor store and bar, with recent roof, ADA, and parking lot updates.
Where is this bar & pub located?
The property is located at 5048 5050 E 3 rd Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit building (1949) with both units leased to a liquor store and a bar; Approx. roof redo completed 7 years ago; Parking lot updated with new asphalt 2 years ago
