Two-Unit Retail Bar
For Sale
$995,000
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 Market36
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
(909) 860-2234
Listed By:
Asif Musavvir · License #01022368
Source:
Archetyperealty
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 23 at 6:38AM
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 = 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
$81,247
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
8.17%
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%
$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
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
$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 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%
$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 8.17%
Second Best
Retail
$1.08M
$947.9K – $1.26M
NOI $75,831 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,561 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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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 $995,000.
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
