Corner Freestanding Retail
For Sale
Contact for pricing
6526 Holmes Ave., Los Angeles, CA 90001
Freestanding single-tenant bakery retail building with dual frontage on a corner parcel.
Property Size2,208 SF
Lot Size0.09 Acres
Price / SF$360.05
Days on Market50
Property Features for 6526 Holmes Ave.
General Information
Standard status
Active
Size
2,208 SF
Lot size
0.09 Acres
Property subtype
Retail
Zoning
LC-C2
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1925
Units
1
Tenancy
Single
Listing Agency:
KW Commercial L.A. Westside
(310) 482-2500
Listed By:
Omid Saleh · License #CA 01980838
Source:
Crexi
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 24 at 5:45PM
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.
6526 Holmes Avenue presents a stabilized, single-tenant freestanding retail building occupied by a well-established bakery that has been operating at the location for more than 20 years. The property includes approximately 2,208 square feet of retail space on a 3,816-square-foot corner parcel.
The building offers approximately 50 feet of frontage along Holmes Avenue and approximately 75 feet of frontage along East 66th Street, providing strong corner exposure for neighborhood visibility. The site is positioned between Gage Avenue and Florence Avenue, just west of Alameda Street, in the Huntington Park area.
As a long-term retail investment with dedicated tenant occupancy, the property is designed for straightforward neighborhood-serving use within an infill setting supported by surrounding residential and local businesses.
The building offers approximately 50 feet of frontage along Holmes Avenue and approximately 75 feet of frontage along East 66th Street, providing strong corner exposure for neighborhood visibility. The site is positioned between Gage Avenue and Florence Avenue, just west of Alameda Street, in the Huntington Park area.
As a long-term retail investment with dedicated tenant occupancy, the property is designed for straightforward neighborhood-serving use within an infill setting supported by surrounding residential and local businesses.
Key Highlights
- 1925‑built freestanding single‑tenant retail building leased to a bakery with 20+ years operating at the location
- Approximately 2,208 SF retail building on a 3,816 SF corner parcel
- Dual street frontage: about 50 ft on Holmes Avenue and about 75 ft on E. 66th Street
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
$51,241
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
6.45%
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%
$1,024,820
$1.0M
Cap Rate 7%
$732,014
$732.0K
Cap Rate 9%
$569,344
$569.3K
Market Conditions
NOI Build-Up for 2,208 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
$81.6K $36.96/SF
− Vacancy
−$8.4K −$3.81/SF
EGI
$73.2K $33.15/SF
− OpEx
−$22.0K −$9.95/SF
NOI
$51.2K $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 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%
$1,024,820
Cap Rate 7%
$732,014
Cap Rate 9%
$569,344
Alternative Uses
Best Use
Retail
$732.0K
$640.5K – $854.0K
NOI $51,241 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.73M
$39.14M – $52.19M
NOI $3,131,293 @ 7.0% cap · market cap 393.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding single-tenant bakery retail building with dual frontage on a corner parcel.
Where is this retail space located?
The property is located at 6526 Holmes Ave. Los Angeles, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1925‑built freestanding single‑tenant retail building leased to a bakery with 20+ years operating at the location; Approximately 2,208 SF retail building on a 3,816 SF corner parcel; Dual street frontage: about 50 ft on Holmes Avenue and about 75 ft on E. 66th Street
