Retail Space with Gallery
New
For Sale
$5,799,000
831 Highland Avenue, Los Angeles, CA 90038
Polished concrete floors, tall ceilings and two HVAC units provide practical features for retail operations.
Property Size9,900 SF
Days on Market2
Property Features for 831 Highland Avenue
General Information
Standard status
Active
Size
9,900 SF
Property subtype
Retail
Amenities
custom gallery lighting
polished concrete floors
Building Details
Building Size
9,900 SF
Year Built
1949
Listing Agency:
NAI Capital
Listed By:
Cheryl Pestor · License #CalDRE #00810674
(626) 204-1529
Source:
Naiglobal
Added: Oct 19
Last Checked: Oct 19 at 2:36PM
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 NAI Capital
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Investment Insights
Based on property information with market context.
This Los Angeles retail space was built in 1949 and features 17 feet 7 inches of ceiling height, polished concrete flooring and custom gallery lighting. Two 5-ton HVAC units serve the space, and it is available for immediate occupancy.
The property is on Highland Avenue, with reported traffic of more than 41,000 cars per day. Its Walk Score is 92 out of 100.
The property is on Highland Avenue, with reported traffic of more than 41,000 cars per day. Its Walk Score is 92 out of 100.
Key Highlights
- 17 feet 7 inches of ceiling height
- Custom gallery lighting and polished concrete floors
- Two 5‑ton HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,751
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,595,020
$4.6M
Cap Rate 7%
$3,282,157
$3.3M
Cap Rate 9%
$2,552,789
$2.6M
Market Conditions
NOI Build-Up for 9,900 SF
Gross rent
$365.9K $36.96/SF
− Vacancy
−$37.7K −$3.81/SF
EGI
$328.2K $33.15/SF
− OpEx
−$98.5K −$9.95/SF
NOI
$229.8K $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%
$4,595,020
Cap Rate 7%
$3,282,157
Cap Rate 9%
$2,552,789
Alternative Uses
Best Use
Retail
$3.28M
$2.87M – $3.83M
NOI $229,751 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$200.57M
$175.50M – $234.00M
NOI $14,039,764 @ 7.0% cap · market cap 242.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - Polished concrete floors, tall ceilings and two HVAC units provide practical features for retail operations.
Where is this retail space located?
The property is located at 831 Highland Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,799,000.
What are key features of this property?
This property features: 17 feet 7 inches of ceiling height; Custom gallery lighting and polished concrete floors; Two 5‑ton HVAC units
