Wilshire Blvd Retail/Office
For Sale
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6200 Wilshire Blvd #101, Los Angeles, CA 90048
Ground floor space suitable for retail, pharmacy, imaging, or fitness.
Property Size4,983 SF
Price / SF$720
Days on Market765
Property Features for 6200 Wilshire Blvd #101
General Information
Standard status
Active
Size
4,983 SF
Class
A
Total Parking Spaces
267
Property subtype
Office
Building Details
Stories
17
Listing Agency:
Spectrum Commercial Real Estate, Inc
(818) 203-5429
Listed By:
Yair Haimoff · License #CA 01414758
Source:
Crexi
Added: Jul 6, 2024
Changed: Aug 8
Last Checked: May 12 at 9:25PM
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 Spectrum Commercial Real Estate, Inc
Investment Insights
Based on property information with market context.
This ground floor commercial space, located on Wilshire Boulevard, offers an area of 4983 square feet. The property is suitable for retail, pharmacy, imaging, or fitness uses. The building offers signage opportunities.
Key Highlights
- Ground floor space
- Building signage available
- Suitable for retail use
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
$118,278
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
3.30%
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%
$2,365,560
$2.4M
Cap Rate 7%
$1,689,686
$1.7M
Cap Rate 9%
$1,314,200
$1.3M
Market Conditions
NOI Build-Up for 4,983 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
$193.7K $38.88/SF
− Vacancy
−$36.0K −$7.23/SF
EGI
$157.7K $31.65/SF
− OpEx
−$39.4K −$7.91/SF
NOI
$118.3K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /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%
$2,365,560
Cap Rate 7%
$1,689,686
Cap Rate 9%
$1,314,200
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,278 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$1.65M
$1.45M – $1.93M
NOI $115,641 @ 7.0% cap · market cap 3.22%
Theoretical Best
Multifamily LT 5
$100.95M
$88.33M – $117.78M
NOI $7,066,681 @ 7.0% cap · market cap 196.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 90048, CA
22,604
Population
13,733
Households
1.6
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
11,897
Density / Sq Mi
$104,227
Median Household Income
$83,951
Median Earnings
$2,359
Median Rent
$1,847,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground floor space suitable for retail, pharmacy, imaging, or fitness.
Where is this retail space located?
The property is located at 6200 Wilshire Blvd #101 Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,587,760.
What are key features of this property?
This property features: Ground floor space; Building signage available; Suitable for retail use
