Corner Mixed-Use
For Sale
$760,000
5806 3rd Ave, Los Angeles, CA 90043
Two residences accompany a street-facing commercial storefront along Slauson Avenue.
Property Size2,049 SF
Price / SF$370.91
Days on Market172
Property Features for 5806 3rd Ave
General Information
Standard status
Active
Size
2,049 SF
Property subtype
Residential Income
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Listing Agency:
Equity Los Angeles
(310) 877-1887
Listed By:
Sandy Dunkley · License #01832146
(310) 877-1887
Source:
Exprealty
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 2:26AM
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 Equity Los Angeles
Investment Insights
Based on property information with market context.
This mixed-use property combines 2,049 square feet of residential and commercial space in a corner configuration. The residential component includes two units: a 3-bedroom, 2-bathroom home and a separate 1-bedroom, 1-bathroom residence. A street-front storefront along Slauson Avenue adds commercial functionality and signage exposure. Gas and electric service are separately metered.
The property is located at 5806 3rd Ave in Los Angeles, within the 90043 corridor. The surrounding area includes parks, restaurants, and other amenities, with access to major freeways. SoFi Stadium, Intuit Dome, Kia Forum, and COSM are identified nearby. The combination of residential units and storefront space supports a mixed-use operating profile, with the commercial portion suited to the uses described in the property information, including professional office, creative studio, boutique, or neighborhood business applications.
The property is located at 5806 3rd Ave in Los Angeles, within the 90043 corridor. The surrounding area includes parks, restaurants, and other amenities, with access to major freeways. SoFi Stadium, Intuit Dome, Kia Forum, and COSM are identified nearby. The combination of residential units and storefront space supports a mixed-use operating profile, with the commercial portion suited to the uses described in the property information, including professional office, creative studio, boutique, or neighborhood business applications.
Key Highlights
- 2,049 SF mixed‑use property with residential and commercial components
- Two residential units: 3‑bedroom/2‑bathroom and 1‑bedroom/1‑bathroom
- Street‑front commercial storefront along Slauson Avenue
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
$47,552
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
6.26%
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%
$951,040
$951.0K
Cap Rate 7%
$679,314
$679.3K
Cap Rate 9%
$528,356
$528.4K
Market Conditions
NOI Build-Up for 2,049 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
$75.7K $36.96/SF
− Vacancy
−$7.8K −$3.81/SF
EGI
$67.9K $33.15/SF
− OpEx
−$20.4K −$9.95/SF
NOI
$47.6K $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%
$951,040
Cap Rate 7%
$679,314
Cap Rate 9%
$528,356
Alternative Uses
Best Use
Apartment 5plus
$36.22M
$31.70M – $42.26M
NOI $2,535,748 @ 7.0% cap · market cap 333.65%
Second Best
Retail
$679.3K
$594.4K – $792.5K
NOI $47,552 @ 7.0% cap · market cap 6.26%
Theoretical Best
Multifamily LT 5
$41.51M
$36.32M – $48.43M
NOI $2,905,806 @ 7.0% cap · market cap 382.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residences accompany a street-facing commercial storefront along Slauson Avenue.
Where is this mixed-use property located?
The property is located at 5806 3rd Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 2,049 SF mixed‑use property with residential and commercial components; Two residential units: 3‑bedroom/2‑bathroom and 1‑bedroom/1‑bathroom; Street‑front commercial storefront along Slauson Avenue
