Freestanding Storefront Retail
For Sale
Contact for pricing
6600 Crenshaw Blvd, Los Angeles, CA 90043
Vacant commercial building with dedicated parking along a heavily traveled South Los Angeles retail corridor.
Property Size2,850 SF
Price / SF$489.47
Days on Market63
Property Features for 6600 Crenshaw Blvd
General Information
Standard status
Active
Size
2,850 SF
Class
C
Total Parking Spaces
20
Property subtype
Retail
Zoning
LAC2
Investment Type
Owner/User
Building Details
Year Built
1923
Stories
1
Listing Agency:
Compass
Listed By:
Bobby Rodriguez · License #CA 01939553
Source:
Crexi
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 10:11AM
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 Compass
Investment Insights
Based on property information with market context.
This freestanding storefront retail building contains ±2,850 SF on ±0.27 AC and is offered vacant. The property was built in 1923 and includes 20 on-site parking spaces, supporting a range of retail, service, and food-oriented uses identified with its LAC2 zoning.
Located at 6600 Crenshaw Blvd in Los Angeles, the property fronts one of South LA’s busiest commercial corridors, with traffic of approximately ±33,000 ADT. Its standalone format, existing parking, and visible corridor position provide a straightforward commercial setting for an owner-user or a new single-tenant occupancy.
Located at 6600 Crenshaw Blvd in Los Angeles, the property fronts one of South LA’s busiest commercial corridors, with traffic of approximately ±33,000 ADT. Its standalone format, existing parking, and visible corridor position provide a straightforward commercial setting for an owner-user or a new single-tenant occupancy.
Key Highlights
- ±2,850 SF freestanding retail building on ±0.27 AC
- Delivered vacant for owner‑user occupancy or new leasing
- LAC2 zoning supports retail, service, and food uses
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
$66,140
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
4.74%
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%
$1,322,800
$1.3M
Cap Rate 7%
$944,857
$944.9K
Cap Rate 9%
$734,889
$734.9K
Market Conditions
NOI Build-Up for 2,850 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
$105.3K $36.96/SF
− Vacancy
−$10.8K −$3.81/SF
EGI
$94.5K $33.15/SF
− OpEx
−$28.3K −$9.95/SF
NOI
$66.1K $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%
$1,322,800
Cap Rate 7%
$944,857
Cap Rate 9%
$734,889
Alternative Uses
Best Use
Retail
$944.9K
$826.8K – $1.10M
NOI $66,140 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$57.74M
$50.52M – $67.36M
NOI $4,041,750 @ 7.0% cap · market cap 289.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 44%
Electronics 4%
ARCO
Shops & Services
25,148 visits/mo
0.3 miles
McDonald's
Dining
19,024 visits/mo
0.3 miles
Winchell's Donut House
Dining
8,630 visits/mo
0.3 miles
Taco Bell
Dining
8,307 visits/mo
0.5 miles
AMPM
Shops & Services
8,076 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building with dedicated parking along a heavily traveled South Los Angeles retail corridor.
Where is this storefront property located?
The property is located at 6600 Crenshaw Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: ±2,850 SF freestanding retail building on ±0.27 AC; Delivered vacant for owner‑user occupancy or new leasing; LAC2 zoning supports retail, service, and food uses
