848 Vine Street, Los Angeles, CA 90038

Building Details

Building Size 9,255 SF More

Year Built 1954 More

Listing Agency: Lee & Associates Los Angeles - Investment Services Group, Inc

Listed By: Jesse Munoz · License CA #01372980 Show Phone

Source: Lee-associates

Added: Aug 12 Changed: Oct 26 Last Checked: Nov 12 at 6:27AM

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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 Lee & Associates Los Angeles - Investment Services Group, Inc

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Investment Insights

Based on property information with market context.

This commercial land property at 848 Vine Street includes existing tenancy and was built in 1954. The source information identifies commercial, residential, and mixed-use development potential, along with a range of housing and economic incentive designations.

The property is positioned within a High-Quality Transit Corridor and has a Walk Score of 93. Its Hollywood setting places it near Larchmont, West Hollywood, and DTLA, as well as major studios, production facilities, creative employers, restaurants, cafés, galleries, and neighborhood retail. The source information also notes an adjacent parcel is available.

Key Highlights

• Existing tenancy on commercial land at 848 Vine Street
• Commercial, residential, and mixed‑use development potential
• Walk Score of 93 within a High‑Quality Transit Corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$214,782

Cap Rate

3.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,295,640 $4.3M

Cap Rate 7%

$3,068,314 $3.1M

Cap Rate 9%

$2,386,467 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,255 SF

Gross rent

$342.1K $36.96/SF

− Vacancy

−$35.2K −$3.81/SF

EGI

$306.8K $33.15/SF

− OpEx

−$92.0K −$9.95/SF

NOI

$214.8K $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%

$4,295,640

Cap Rate 7%

$3,068,314

Cap Rate 9%

$2,386,467

Alternative Uses

Best Use

Retail

$3.07M

$2.68M – $3.58M (±1% cap)

NOI $214,782 @ 7.0% cap · market cap 3.30%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.86M

$3.38M – $4.51M (±1% cap)

NOI $270,485 @ 7.0% cap · market cap 4.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Stein On Vine (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Butcher Restaurant Garden Center Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,043

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

Market

Properties on Market for Commercial land in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Commercial land with existing tenancy and commercial, residential, and mixed-use development potential.

Where is this commercial land located?

The property is located at 848 Vine Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: Existing tenancy on commercial land at 848 Vine Street; Commercial, residential, and mixed‑use development potential; Walk Score of 93 within a High‑Quality Transit Corridor