Mixed-Use Property with Corner
For Sale
$585,000
6600 Holmes Avenue, Los Angeles, CA 90001
A separate two-bedroom residence offers rental or owner-occupant use alongside the existing retail tenancy.
Property Size2,100 SF
Price / SF$278.57
Days on Market20
Property Features for 6600 Holmes Avenue
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
South Los Angeles
Corner Location
Yes
Mixed-Use Components
retail, residential
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,100 SF
Year Built
1918
Buildings
2
Listing Agency:
Allison James Estates & Homes
(951) 760-1900
Listed By:
Kate Egizi · License #01260547
(866) 463-5780
Source:
Sunoomrealty
Added: Oct 12
Changed: Oct 31
Last Checked: Oct 31 at 2:19PM
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 Allison James Estates & Homes
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,250-square-foot retail building with an 850-square-foot single-family residence. The residence has two bedrooms and one bathroom. The retail space is currently rented, while the residence can be occupied by an owner or made available for rent.
The property occupies a corner at Holmes Avenue and 66th Street in Los Angeles. Nearby context includes freeways, shopping, restaurants, parks, and entertainment. The buildings date to 1918.
The property occupies a corner at Holmes Avenue and 66th Street in Los Angeles. Nearby context includes freeways, shopping, restaurants, parks, and entertainment. The buildings date to 1918.
Key Highlights
- 1,250‑square‑foot retail building currently rented
- 850‑square‑foot single‑family residence with 2 bedrooms and 1 bathroom
- Corner location at Holmes Avenue and 66th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,735
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,700
$974.7K
Cap Rate 7%
$696,214
$696.2K
Cap Rate 9%
$541,500
$541.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$77.6K $36.96/SF
− Vacancy
−$8.0K −$3.81/SF
EGI
$69.6K $33.15/SF
− OpEx
−$20.9K −$9.95/SF
NOI
$48.7K $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 Rate 5%
$974,700
Cap Rate 7%
$696,214
Cap Rate 9%
$541,500
Alternative Uses
Best Use
Retail
$696.2K
$609.2K – $812.3K
NOI $48,735 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 7.27%
Theoretical Best
Multifamily LT 5
$42.54M
$37.23M – $49.64M
NOI $2,978,132 @ 7.0% cap · market cap 509.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate two-bedroom residence offers rental or owner-occupant use alongside the existing retail tenancy.
Where is this mixed-use property located?
The property is located at 6600 Holmes Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,250‑square‑foot retail building currently rented; 850‑square‑foot single‑family residence with 2 bedrooms and 1 bathroom; Corner location at Holmes Avenue and 66th Street
