Freestanding Retail Building in
For Sale
$1,390,000
5413 W Washington Boulevard, Los Angeles, CA 90016
Freestanding retail building in Mid-City/Miracle Mile submarket.
Property Size2,758 SF
Lot Size0.15 Acres
Price / SF$503.99
Days on Market133
Property Features for 5413 W Washington Boulevard
General Information
Standard status
Active
Size
2,758 SF
Lot size
0.15 Acres
Property subtype
COMMERCIAL
Building Details
Building Size
2,758 SF
Year Built
1929
Listing Agency:
Good Members Investment
(323) 516-9044
Listed By:
Sung Bok Jang · License #01757145
Source:
Archetyperealty
Added: Apr 13
Changed: Aug 23
Last Checked: Aug 23 at 7:07AM
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 Good Members Investment
Investment Insights
Based on property information with market context.
Located along a vibrant commercial corridor, the property at 5413 Washington Blvd, Los Angeles, CA 90016, is a freestanding retail building of approximately 2,758 square feet on a 0.15-acre lot. Constructed in 1929, this one-story, Class C property combines architectural character and functional versatility, making it suitable for retail, office, creative, or service-oriented uses. The property is zoned LAC2, allowing for various commercial applications and potential future repositioning. Its adaptable layout supports multiple configurations to meet diverse business needs. Situated in the Mid-City/Miracle Mile submarket, the site benefits from street visibility along Washington Boulevard, consistent pedestrian and vehicle traffic, and convenient access to Culver City, Downtown Los Angeles, and other key commercial hubs. Surrounded by established local businesses and ongoing development, the area experiences steady growth and revitalization, enhancing the property's long-term appeal within the Los Angeles market.
Key Highlights
- Freestanding retail building in a vibrant commercial corridor.
- Located in the Mid‑City/Miracle Mile submarket with strong street visibility and traffic.
- Zoned LAC2, allowing for a variety of commercial applications.
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
$64,005
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
4.60%
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%
$1,280,100
$1.3M
Cap Rate 7%
$914,357
$914.4K
Cap Rate 9%
$711,167
$711.2K
Market Conditions
NOI Build-Up for 2,758 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
$101.9K $36.96/SF
− Vacancy
−$10.5K −$3.81/SF
EGI
$91.4K $33.15/SF
− OpEx
−$27.4K −$9.95/SF
NOI
$64.0K $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 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%
$1,280,100
Cap Rate 7%
$914,357
Cap Rate 9%
$711,167
Alternative Uses
Best Use
Retail
$914.4K
$800.1K – $1.07M
NOI $64,005 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$55.88M
$48.89M – $65.19M
NOI $3,911,280 @ 7.0% cap · market cap 281.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
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?
Retail space - Freestanding retail building in Mid-City/Miracle Mile submarket.
Where is this retail space located?
The property is located at 5413 W Washington Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Freestanding retail building in a vibrant commercial corridor.; Located in the Mid‑City/Miracle Mile submarket with strong street visibility and traffic.; Zoned LAC2, allowing for a variety of commercial applications.
