Corner Convenience Store
For Sale
$895,000
6130 Van Ness, Los Angeles, CA 90047
Operating mini market with light-manufacturing zoning in South Los Angeles.
Property Size2,024 SF
Lot Size0.10 Acres
Price / SF$442.19
Days on Market13
Property Features for 6130 Van Ness
General Information
Standard status
Active
Size
2,024 SF
Lot size
0.10 Acres
Property subtype
Retail
Zoning
light-manufacturing
Amenities
Corner Lot.
Corner.
Building Details
Year Built
2007
Building Size
2,024 SF
Listing Agency:
Pak Home Realty
(909) 351-5105
Listed By:
Gabriel Diaz · License #01267046
Source:
Xome
Added: Jul 29
Changed: Aug 9
Last Checked: Aug 9 at 6:42AM
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 Pak Home Realty
Investment Insights
Based on property information with market context.
Located at 6130 S. Van Ness Avenue, the property includes a 2,024-square-foot building on a 4,504-square-foot lot. The site is currently operated as a mini market and was built in 2007, providing an established retail format for continued operation or repositioning.
The property carries light-manufacturing zoning, which may support commercial, industrial, retail, storage, or service-related uses subject to independent verification and City approval. Buyer should confirm the zoning, permitted uses, building area, and any development options with the appropriate authorities. The address is in South Los Angeles, within the 90047 ZIP code.
The property carries light-manufacturing zoning, which may support commercial, industrial, retail, storage, or service-related uses subject to independent verification and City approval. Buyer should confirm the zoning, permitted uses, building area, and any development options with the appropriate authorities. The address is in South Los Angeles, within the 90047 ZIP code.
Key Highlights
- 2,024‑square‑foot building on a 4,504‑square‑foot lot
- Currently operated as a mini market
- Light‑manufacturing zoning may support multiple use categories, subject to verification and City approval
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
$54,815
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
6.12%
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%
$1,096,300
$1.1M
Cap Rate 7%
$783,071
$783.1K
Cap Rate 9%
$609,056
$609.1K
Market Conditions
NOI Build-Up for 2,024 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
$74.8K $36.96/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$73.1K $36.11/SF
− OpEx
−$18.3K −$9.03/SF
NOI
$54.8K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,096,300
Cap Rate 7%
$783,071
Cap Rate 9%
$609,056
Alternative Uses
Best Use
Specialty Retail
$783.1K
$685.2K – $913.6K
NOI $54,815 @ 7.0% cap · market cap 6.12%
Second Best
Retail
$671.0K
$587.1K – $782.9K
NOI $46,971 @ 7.0% cap · market cap 5.25%
Theoretical Best
Multifamily LT 5
$41.01M
$35.88M – $47.84M
NOI $2,870,352 @ 7.0% cap · market cap 320.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating mini market with light-manufacturing zoning in South Los Angeles.
Where is this grocery and convenience store located?
The property is located at 6130 Van Ness Los Angeles, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,024‑square‑foot building on a 4,504‑square‑foot lot; Currently operated as a mini market; Light‑manufacturing zoning may support multiple use categories, subject to verification and City approval
