Two-Store Retail
8322 Avalon Boulevard, Los Angeles, CA 90003
For Sale
$1,050,000
Separate spaces accommodate a mini market and tire business under distinct lease arrangements.
Property Size1,351 SF
Price / SF$777.20
Days on Market1032
Property Features for 8322 Avalon Boulevard
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Tenancy
Listing Agency:
Keller Williams Downtown LA
Listed By:
Moon Sun Kim · License #01427914
(213) 500-9363
Source:
Compass
Added: Jan 11, 2024
Changed: Oct 26
Last Checked: Nov 6 at 11:28AM
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 Keller Williams Downtown LA
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Investment Insights
Based on property information with market context.
This retail property at 8322 Avalon Blvd in Los Angeles contains two separate store spaces occupied by a mini market and a tire business. The asset carries a retail use code and is zoned R3.
The leases have stated end dates of 03/31/2025 for the mini market and 09/14/2024 for the tire space. Ownership covers property taxes and insurance, while tenants are responsible for all utilities.
The leases have stated end dates of 03/31/2025 for the mini market and 09/14/2024 for the tire space. Ownership covers property taxes and insurance, while tenants are responsible for all utilities.
Key Highlights
- Two retail store spaces at 8322 Avalon Blvd, Los Angeles, CA 90003
- Mini market lease ends 03/31/2025
- Tire business lease ends 09/14/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,588
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,760
$731.8K
Cap Rate 7%
$522,686
$522.7K
Cap Rate 9%
$406,533
$406.5K
Market Conditions
NOI Build-Up for 1,351 SF
Gross rent
$49.9K $36.96/SF
− Vacancy
−$1.1K −$0.85/SF
EGI
$48.8K $36.11/SF
− OpEx
−$12.2K −$9.03/SF
NOI
$36.6K $27.08/SF
Area
ZIP 90003
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,760
Cap Rate 7%
$522,686
Cap Rate 9%
$406,533
Alternative Uses
Best Use
Specialty Retail
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 3.48%
Second Best
Retail
$487.8K
$426.9K – $569.2K
NOI $34,149 @ 7.0% cap · market cap 3.25%
Theoretical Best
Apartment 5plus
$23.88M
$20.90M – $27.87M
NOI $1,671,936 @ 7.0% cap · market cap 159.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,330
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
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Los Angeles, CA
Properties on Market for Retail space in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - Separate spaces accommodate a mini market and tire business under distinct lease arrangements.
Where is this retail space located?
The property is located at 8322 Avalon Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two retail store spaces at 8322 Avalon Blvd, Los Angeles, CA 90003; Mini market lease ends 03/31/2025; Tire business lease ends 09/14/2024
