Prime Retail on West
For Sale
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8361 - 8371 W 3rd St, Los Angeles, CA 90048
Retail and restaurant property on West 3rd Street for sale.
Property Size8,159 SF
Lot Size0.25 Acres
Price / SF$1,464
Days on Market1426
Property Features for 8361 - 8371 W 3rd St
General Information
Standard status
Active
Size
8,159 SF
Lot size
0.25 Acres
Property subtype
Retail
Zoning
C2-1VL-O
Building Details
Year Built
1946
Listing Agency:
Kidder Matthews
(424) 653-1820
Listed By:
Elizabeth Clark · License #CA 01811246
Source:
Crexi
Added: Sep 14, 2022
Changed: Aug 8
Last Checked: May 19 at 9:13PM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
Located on West 3rd Street in Los Angeles, this property features nine separate retail, beauty boutique, and restaurant locations, totaling approximately 8159 square feet. Situated on a 10,930 square foot lot, the property includes rear parking for 18 cars. The property has over 100 feet of frontage on West 3rd Street at the corner of West 3rd Street and Kings Road, between The Grove and The Beverly Center. The location is near Magnolia Bakery, Joan’s on Third, The Orlando Hotel, and Toca Madera, and is less than a 5-minute drive to The Grove, The Farmers Market, The Beverly Center, and Cedars Sinai. The property is adjacent to residential neighborhoods and experiences high foot traffic. The site is located near Cedars Sinai Hospital, which employs over 14,000 staff, including 2,000 physicians. The property houses long-term tenants and offers potential to increase gross revenues.
Key Highlights
- Prime West 3rd Street location between The Grove and The Beverly Center.
- Significant upside potential to increase gross revenues.
- Large 10,930 sq. ft. lot with 8,159 sq. ft. of retail space and 18‑car parking.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 90048, CA
22,604
Population
13,733
Households
1.6
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
11,897
Density / Sq Mi
$104,227
Median Household Income
$83,951
Median Earnings
$2,359
Median Rent
$1,847,500
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and restaurant property on West 3rd Street for sale.
Where is this retail space located?
The property is located at 8361 - 8371 W 3rd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $11,950,000.
What are key features of this property?
This property features: Prime West 3rd Street location between The Grove and The Beverly Center.; Significant upside potential to increase gross revenues.; Large 10,930 sq. ft. lot with 8,159 sq. ft. of retail space and 18‑car parking.
