Four-Unit Storefront
New
For Sale
$1,450,000
676 W Slauson Avenue, Los Angeles, CA 90044
Recently renovated commercial units are positioned at a Los Angeles street corner.
Property Size4,860 SF
Days on Market5
Property Features for 676 W Slauson Avenue
General Information
Standard status
Active
Size
4,860 SF
Property subtype
COMMERCIAL
Additional Details
Corner Location
Yes
Building Details
Building Size
4,860 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
GPM
Listed By:
Edwin Savadian · License #01821286
(818) 465-4065
Source:
Truthrealty
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:14PM
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 GPM
Investment Insights
Based on property information with market context.
This four-unit storefront property was built in 1924. The units were renovated after becoming vacant, and exterior space is available for signage.
The property occupies the corner of Slauson Avenue and Bonsallo Avenue in Los Angeles.
The property occupies the corner of Slauson Avenue and Bonsallo Avenue in Los Angeles.
Key Highlights
- Four commercial units, renovated after vacancy
- Built in 1924
- Corner parcel at Slauson Avenue and Bonsallo Avenue in Los Angeles
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
$118,704
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
8.19%
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%
$2,374,080
$2.4M
Cap Rate 7%
$1,695,771
$1.7M
Cap Rate 9%
$1,318,933
$1.3M
Market Conditions
NOI Build-Up for 4,860 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
$180.2K $37.08/SF
− Vacancy
−$10.6K −$2.19/SF
EGI
$169.6K $34.89/SF
− OpEx
−$50.9K −$10.47/SF
NOI
$118.7K $24.42/SF
Area
ZIP 90044
Vacancy
5.90%
Lease Rate
$37.08 /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%
$2,374,080
Cap Rate 7%
$1,695,771
Cap Rate 9%
$1,318,933
Alternative Uses
Best Use
Retail
$1.70M
$1.48M – $1.98M
NOI $118,704 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$98.46M
$86.15M – $114.87M
NOI $6,892,248 @ 7.0% cap · market cap 475.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mishelle Flower — Los Angeles, CA 90044
- LA's Finest Flower shop — 5905 S Broadway, Los Angeles, CA 90003
- Claudio's Flower shop — 5905 S Broadway, Los Angeles, CA 90003
- Flower Deliver South Los angles — w 58th pl, los angeles, ca 90044
- Flower Delivery South Los Angeles — 1100 w 58th pl, los angeles, ca 90044
Frequently Asked Questions
What type of property is this?
Storefront property - Recently renovated commercial units are positioned at a Los Angeles street corner.
Where is this storefront property located?
The property is located at 676 W Slauson Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four commercial units, renovated after vacancy; Built in 1924; Corner parcel at Slauson Avenue and Bonsallo Avenue in Los Angeles
