Building Details

Building Size 1,560 SF

Year Built 1946

Listing Agency: Vista Sotheby's International Realty

Listed By: The Corrales Group Show Phone

Source: Thecorralesgroup

Added: Oct 29, 2025 Changed: Nov 1 Last Checked: Nov 1 at 1:43AM

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Investment Insights

Based on property information with market context.

This commercial land parcel includes a house and a shed, with the existing improvements conveyed in as-is condition. The property was historically used for a cabinet-making business; the shop has been closed for more than 10 years, and the site is fenced. The building dates to 1946.

West Boulevard provides access to public transportation, and a future Metro rail stop is noted nearby. The property is south of View Park, with Crenshaw Boulevard and La Brea identified in the surrounding area.

Key Highlights

• LAC2/Mixed Use designation for commercial and residential uses
• Includes a house and shed; conveyed in as‑is condition
• Former cabinet‑making shop has been closed for more than 10 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,203

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$724,060 $724.1K

Cap Rate 7%

$517,186 $517.2K

Cap Rate 9%

$402,256 $402.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,560 SF

Gross rent

$57.7K $36.96/SF

− Vacancy

−$5.9K −$3.81/SF

EGI

$51.7K $33.15/SF

− OpEx

−$15.5K −$9.95/SF

NOI

$36.2K $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 Rate 5%

$724,060

Cap Rate 7%

$517,186

Cap Rate 9%

$402,256

Alternative Uses

Best Use

Retail

$517.2K

$452.5K – $603.4K (±1% cap)

NOI $36,203 @ 7.0% cap · market cap 6.03%

Second Best

Mixed Use

$451.3K

$394.9K – $526.5K (±1% cap)

NOI $31,590 @ 7.0% cap · market cap 5.27%

Theoretical Best

Multifamily LT 5

$31.60M

$27.65M – $36.87M (±1% cap)

NOI $2,212,326 @ 7.0% cap · market cap 368.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Carlyle Cabinetry General Contractor

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,158

Businesses Nearby

60k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 67% Dining 33%

Dollar Tree Shops & Services

22,269 visits/mo 0.4 miles

Fatburger Dining

11,580 visits/mo 0.3 miles

7-Eleven Shops & Services

11,009 visits/mo 0.2 miles

Taco Bell Dining

8,307 visits/mo 0.3 miles

AutoZone Shops & Services

4,817 visits/mo 0.4 miles

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 Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - The site has an LAC2/Mixed Use designation for commercial and residential uses.

Where is this commercial land located?

The property is located at 5974 West Boulevard Los Angeles, CA.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: LAC2/Mixed Use designation for commercial and residential uses; Includes a house and shed; conveyed in as‑is condition; Former cabinet‑making shop has been closed for more than 10 years