Multi-Building Strip Retail
7201-7229 S Figueroa Street, Los Angeles, CA 90003
For Sale
Contact for pricing
Food, convenience, and service businesses occupy a center at the signalized Figueroa Street and Florence Avenue intersection.
Property Size16,407 SF
Lot Size1.42 Acres
Price / SF$692.20
Days on Market54
Property Features for 7201-7229 S Figueroa Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Drive-Thru
Highway Access
Building Details
Buildings
Tenancy
Listing Agency:
CBRE - Orange County
Listed By:
David Swerdlow · License CA #02104458
(949) 769-4855
Source:
Crexi
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 12 at 7:15AM
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 CBRE - Orange County
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Investment Insights
Based on property information with market context.
Three retail buildings totaling approximately 16,407 SF sit on 1.42 acres divided among nine parcels. The center has seven tenants, including six whose operations at the property span at least a decade. Pizza Hut has been on site since 1996. A separate 2,828 SF freestanding building has drive-through facilities and is leased to The Wok Chinese Kitchen under a 15-year NNN lease.
The property is located at the signalized intersection of S Figueroa Street and W Florence Avenue in Los Angeles, with immediate proximity to the I-110 Freeway. Its tenant mix includes food, convenience, and service businesses.
The property is located at the signalized intersection of S Figueroa Street and W Florence Avenue in Los Angeles, with immediate proximity to the I-110 Freeway. Its tenant mix includes food, convenience, and service businesses.
Key Highlights
- Three retail buildings totaling approximately 16,407 SF
- 1.42 acres across nine separate parcels
- Seven tenants; six have operated at the property for 10 years or more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$414,719
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,294,380
$8.3M
Cap Rate 7%
$5,924,557
$5.9M
Cap Rate 9%
$4,607,989
$4.6M
Market Conditions
NOI Build-Up for 16,407 SF
Gross rent
$606.4K $36.96/SF
− Vacancy
−$13.9K −$0.85/SF
EGI
$592.5K $36.11/SF
− OpEx
−$177.7K −$10.83/SF
NOI
$414.7K $25.28/SF
Area
ZIP 90003
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,294,380
Cap Rate 7%
$5,924,557
Cap Rate 9%
$4,607,989
Alternative Uses
Best Use
Retail
$5.92M
$5.18M – $6.91M
NOI $414,719 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.68M
$5.85M – $7.80M
NOI $467,935 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Market
Average Price Trend$/SF for Strip malls in Los Angeles, CA
Properties on Market for Strip malls in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Strip mall - Food, convenience, and service businesses occupy a center at the signalized Figueroa Street and Florence Avenue intersection.
Where is this strip mall located?
The property is located at 7201-7229 S Figueroa Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $11,357,000.
What are key features of this property?
This property features: Three retail buildings totaling approximately 16,407 SF; 1.42 acres across nine separate parcels; Seven tenants; six have operated at the property for 10 years or more
