Retail Center with
New
For Sale
$1,995,000
600 East Imperial Highway, Los Angeles, CA 90059
A three-unit retail property includes a large former convenience-store space with existing shelving and refrigeration.
Property Size4,000 SF
Days on Market4
Property Features for 600 East Imperial Highway
General Information
Standard status
Active
Size
4,000 SF
Property subtype
SCR
Zoning
LAC2
Building Details
Building Size
4,000 SF
Year Built
1987
Buildings
1
Stories
1
Units
3
Listing Agency:
KW Commercial L.A. Westside
Listed By:
David Yashar · License #01102638
(310) 724-8043
Source:
Realnex
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 7:55AM
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 KW Commercial L.A. Westside
Investment Insights
Based on property information with market context.
This 1987 retail center contains three units on a 10,893-square-foot lot. One 3,300-square-foot space was formerly occupied by 7-Eleven and retains retail racks, shelving, and refrigeration. Spacetel LLC is also identified as a tenant. A double-sided billboard provides an additional property feature.
The center occupies a signalized corner with approximately 50,000 vehicles passing daily. It has about 13 on-site parking spaces plus one handicap space, two points of ingress and egress, and a monument sign. The property is near the 105 and 110 Freeways and is zoned LAC2.
The center occupies a signalized corner with approximately 50,000 vehicles passing daily. It has about 13 on-site parking spaces plus one handicap space, two points of ingress and egress, and a monument sign. The property is near the 105 and 110 Freeways and is zoned LAC2.
Key Highlights
- Three‑unit retail center on a 10,893‑square‑foot lot
- 3,300‑square‑foot former 7‑Eleven space with racks, shelving, and refrigeration
- Signalized corner with approximately 50,000 vehicles per day
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
$92,829
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
4.65%
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%
$1,856,580
$1.9M
Cap Rate 7%
$1,326,129
$1.3M
Cap Rate 9%
$1,031,433
$1.0M
Market Conditions
NOI Build-Up for 4,000 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
$147.8K $36.96/SF
− Vacancy
−$15.2K −$3.81/SF
EGI
$132.6K $33.15/SF
− OpEx
−$39.8K −$9.95/SF
NOI
$92.8K $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%
$1,856,580
Cap Rate 7%
$1,326,129
Cap Rate 9%
$1,031,433
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,829 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$81.04M
$70.91M – $94.54M
NOI $5,672,632 @ 7.0% cap · market cap 284.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sinclair
Shops & Services
12,243 visits/mo
0.5 miles
Demographics for 90059, CA
43,551
Population
10,650
Households
4.1
Avg Household Size
31
Median Age
12%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
13,610
Density / Sq Mi
$53,840
Median Household Income
$33,260
Median Earnings
$1,317
Median Rent
$566,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - A three-unit retail property includes a large former convenience-store space with existing shelving and refrigeration.
Where is this shopping center located?
The property is located at 600 East Imperial Highway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Three‑unit retail center on a 10,893‑square‑foot lot; 3,300‑square‑foot former 7‑Eleven space with racks, shelving, and refrigeration; Signalized corner with approximately 50,000 vehicles per day
