Corner-Lot Retail Building with
5924 West BLVD Los Angeles, CA 90043
For Sale
$799,900
As-is corner retail building on a spacious lot with estimated parking for 12–15 vehicles.
Property Size1,271 SF
Price / SF$629.35
Days on Market37
Property Features for 5924 West BLVD
General Information
- Standard status
- Active
- Size
- 1,271 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1966
Listing Agency:
Keller Williams Pacific Estates
(323) 707-8179
Listed By:
Fernando Aguilar Jr. · License #01771442
(323) 707-8179
Source:
Exitrealty
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 23 at 8:27AM
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 Keller Williams Pacific Estates
Investment Insights
Based on property information with market context.
For sale: a corner-lot commercial storefront/retail building offered in its present as-is condition and requiring significant renovation. The property is presented as a value-add opportunity with a blank-canvas layout for redevelopment, reconfiguration, or a custom build-out to suit the next owner’s plans.
The building is located at 5924 West BLVD, Los Angeles, CA 90043, and benefits from corner positioning for visibility and accessibility. The property sits on a spacious lot with room estimated for approximately 12–15 vehicles, supporting convenient customer access and onsite parking needs.
The offering includes an approximately 1,271-square-foot building, with the remaining improvements and configuration to be determined by the buyer’s redevelopment scope. Buyers are encouraged to review applicable zoning, permitted uses, and development options with the appropriate agencies before proceeding.
The building is located at 5924 West BLVD, Los Angeles, CA 90043, and benefits from corner positioning for visibility and accessibility. The property sits on a spacious lot with room estimated for approximately 12–15 vehicles, supporting convenient customer access and onsite parking needs.
The offering includes an approximately 1,271-square-foot building, with the remaining improvements and configuration to be determined by the buyer’s redevelopment scope. Buyers are encouraged to review applicable zoning, permitted uses, and development options with the appropriate agencies before proceeding.
Key Highlights
- As‑is corner commercial building totaling approximately 1,271 SF
- Year built 1966
- Estimated parking for 12–15 vehicles on a spacious lot
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $36.96 |
| − Vacancy | −$4.8k | −$3.81 |
| EGI | $42.1k | $33.15 |
| − OpEx | −$12.6k | −$9.95 |
| NOI | $29.5k | $23.21 |
1,271 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$421.4K
$368.7K – $491.6K
NOI $29,496 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.75M
$22.53M – $30.04M
NOI $1,802,479 @ 7.0% cap · market cap 225.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Scooter Jackson Records
Recording Studio
Similar Off Market Nearby
- FOREVER FLOWERS LAX — 734 E Hyde Park Blvd, Inglewood, CA 90302
- Marina Flowers — 734 E Hyde Park Blvd, Inglewood, CA 90302
FAQs
What type of property is this?
Storefront property - As-is corner retail building on a spacious lot with estimated parking for 12–15 vehicles.
Where is this storefront property located?
The property is located at 5924 West BLVD Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: As‑is corner commercial building totaling approximately 1,271 SF; Year built 1966; Estimated parking for 12–15 vehicles on a spacious lot
