Multi-Family Development Office
7112 S Victoria Avenue Los Angeles, CA 90043
7112 S Victoria Avenue, Los Angeles, CA, 90043
$1,399,000
For Sale
$1,399,000
A 3,830 sq ft office building on a 17,860 sq ft lot within R3 Transit Oriented Communities Tier 3 overlay.
Property Size3,830 SF
Price / SF$365.27
Days on Market27
Property Features for 7112 S Victoria Avenue
General Information
- Standard status
- Active
- Size
- 3,830 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1944
Listing Agency
YOLANDA WASHINGTON
(323) 571-0872
Listed by
Yolanda Washington
Source
Xome
Added: Jun 22 Checked: Jul 18 at 2:31 am
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 YOLANDA WASHINGTON
Investment Insights
Based on property information with market context.
The property consists of a 3,830 sq ft office building currently used as office space occupied by a non-profit organization. The site sits on a 17,860 sq ft lot and is presented as a development opportunity.
The property is zoned R3 Multi-Family Residential and is subject to a Transit Oriented Communities (TOC) Tier 3 overlay. Tier 3 TOC is described in the marketing materials as offering density incentives and reduced parking requirements, and it is positioned for multi-family development, affordable housing, or community-focused projects.
This listing is being offered for sale with the building in its current office configuration while the site’s zoning and TOC Tier 3 overlay support redevelopment planning.
The property is zoned R3 Multi-Family Residential and is subject to a Transit Oriented Communities (TOC) Tier 3 overlay. Tier 3 TOC is described in the marketing materials as offering density incentives and reduced parking requirements, and it is positioned for multi-family development, affordable housing, or community-focused projects.
This listing is being offered for sale with the building in its current office configuration while the site’s zoning and TOC Tier 3 overlay support redevelopment planning.
Key Highlights
- 3,830 sq ft office building on a 17,860 sq ft (0.41‑acre) lot
- Zoned R3 (Multi‑Family Residential) with Transit Oriented Communities (TOC) Tier 3 overlay
- Tier 3 TOC includes potential density bonuses and reduced parking requirements
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.9k | $38.88 |
| − Vacancy | −$27.7k | −$7.23 |
| EGI | $121.2k | $31.65 |
| − OpEx | −$30.3k | −$7.91 |
| NOI | $90.9k | $23.74 |
3,830 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $90,910 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$77.59M
$67.89M – $90.53M
NOI $5,431,545 @ 7.0% cap · market cap 388.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nikka Tiffany School
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - A 3,830 sq ft office building on a 17,860 sq ft lot within R3 Transit Oriented Communities Tier 3 overlay.
Where is this office building located?
The property is located at 7112 S Victoria Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,830 sq ft office building on a 17,860 sq ft (0.41‑acre) lot; Zoned R3 (Multi‑Family Residential) with Transit Oriented Communities (TOC) Tier 3 overlay; Tier 3 TOC includes potential density bonuses and reduced parking requirements
