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    8401 3Rd St Los Angeles, CA 90048

    Sponsored
    For Lease
    $90 SF/Yr

    West LA Office Space: 500-1300 sq ft

    Lot size:
    4,839 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Los Angeles commercial property, located at 8401 W 3rd St, offers a rare opportunity to lease executive office or storefront space in a highly desirable West Los Angeles location. The building, constructed in 1936, boasts a total of 4,839 square feet and features two suites available for lease. Currently, 1,800 square feet of space is vacant, offering flexibility for businesses seeking between 500 and 1,300 contiguous square feet. The property is classified as both retail and office, making it ideal for a variety of uses. Its convenient street-front location on a hard corner provides excellent visibility and accessibility. On-site parking is available for tenants and clients, adding to the property's appeal. The property is situated in Los Angeles County, California, with the zip code 90048. This is a unique chance to secure a well-located, historically significant space in a thriving area of Los Angeles. The multiple tenancy structure allows for a diverse range of businesses to coexist. The building's classic architecture blends seamlessly with the modern conveniences needed for a successful business. Don't miss this chance to establish your business in this prime West Los Angeles location.

    Property Features for 8401 3Rd St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,839 SF
    Total Rate
    36292.5

    Building Details

    Year Built
    1936

    Unit(s) available at that property

    Space
    1st Fl-Suite B
    Size
    1,300 SF
    Rate per SF
    $90
    Space
    1st Fl-Suite A
    Size
    500 SF
    Rate per SF
    $90

    HighLights

    • Existing liquor store; off‑site consumption permitted (verify with city).
    • High‑profile location at the northwest corner of Third Street and Orlando Avenue, within the West Third Street shopping and dining district.
    • One block from Beverly Connection and Beverly Center (undergoing $600 million renovation).
    • Units combinable; façade improvements in progress.
    • Across from the Orlando Hotel and West Coast's only Magnolia Bakery; surrounded by retail, restaurants, and nightlife.
    • Excellent demographics: average household income of $150,000 within a half‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pridestaff Contractor Terner's Liquor Liquor Store Bitcoin Depot | Bitcoin ... Crypto Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Daycare Center Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3732953
    Latitude
    34.0731793

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    FAQs

    What type of property is this?
    Individual retail property - West LA Office Space: 500-1300 sq ft
    Where is this individual retail property located?
    The property is located at 8401 3Rd St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $90 SF/Yr.
    What are key features of this property?
    This property features: Existing liquor store; off-site consumption permitted (verify with city).; High-profile location at the northwest corner of Third Street and Orlando Avenue, within the West Third Street shopping and dining district.; One block from Beverly Connection and Beverly Center (undergoing $600 million renovation).
    Request Owner's contact information
    8401 3Rd St Los Angeles, CA 90048
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    Los Angeles, CA 90048
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8401 3Rd St Los Angeles, CA 90048
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