Vacant Mixed-Use
722 S Western Ave, Los Angeles, CA 90005
For Sale
Contact for pricing
A substantial site and existing building offer space for a range of future occupancy plans.
Property Size4,923 SF
Lot Size0.21 Acres
Price / SF$727.20
Days on Market42
Property Features for 722 S Western Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Buildings
Building Size
Owner Occupied
Listing Agency:
Coldwell Banker Best Realty
Listed By:
Richard Kim · License #01930266
(949) 330-0167
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 4:30PM
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 Coldwell Banker Best Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant mixed-use property includes a 4,923-square-foot building on an approximately 9,004-square-foot lot. Its existing improvements and land component are available for a new owner to assess for future occupancy or other plans.
The property is located at 722 S Western Ave in Los Angeles, California.
The property is located at 722 S Western Ave in Los Angeles, California.
Key Highlights
- 4,923‑square‑foot building on an approximately 9,004‑square‑foot lot
- Currently vacant
- Located at 722 S Western Ave in Los Angeles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,249
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,284,980
$2.3M
Cap Rate 7%
$1,632,129
$1.6M
Cap Rate 9%
$1,269,433
$1.3M
Market Conditions
NOI Build-Up for 4,923 SF
Gross rent
$182.0K $36.96/SF
− Vacancy
−$18.7K −$3.81/SF
EGI
$163.2K $33.15/SF
− OpEx
−$49.0K −$9.95/SF
NOI
$114.2K $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%
$2,284,980
Cap Rate 7%
$1,632,129
Cap Rate 9%
$1,269,433
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,249 @ 7.0% cap · market cap 3.19%
Second Best
Mixed Use
$1.42M
$1.25M – $1.66M
NOI $99,691 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,879 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A substantial site and existing building offer space for a range of future occupancy plans.
Where is this mixed-use property located?
The property is located at 722 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,580,000.
What are key features of this property?
This property features: 4,923‑square‑foot building on an approximately 9,004‑square‑foot lot; Currently vacant; Located at 722 S Western Ave in Los Angeles
