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    830 Washington Blvd Los Angeles, CA 90021

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    For Lease
    Contact for pricing

    1,000 SF Retail Space - Ample Parking

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional 1,000-square-foot retail space is available for lease at 830 E Washington Blvd in Los Angeles, California, 90021. Located in Los Angeles County, this single-tenant property offers a fantastic opportunity for businesses seeking a prominent location. The building's total square footage is 1,000 square feet, with the entire space currently vacant and ready for immediate occupancy. The property boasts ample parking, a significant advantage for both customers and employees. The property type is classified as retail commercial. This presents a unique chance to establish or expand a business in a high-traffic area. The property's address is easily accessible and highly visible, ensuring maximum exposure for your business. The single-tenant occupancy allows for complete control and customization of the space to perfectly suit your operational needs. This is an ideal location for a variety of retail businesses seeking a well-situated and readily available space in the vibrant Los Angeles market. The property is ready for immediate lease and offers a blank canvas for your business vision. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 830 Washington Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,000 SF

    HighLights

    • High visibility at a busy intersection with ample parking and signage.
    • Strong co‑tenancy including Metro PCS, Simon's Burgers, a donut shop, and Fred Loya.
    • Ideal for check cashing, takeout food, tax services, or a smoke shop.
    • Located adjacent to the Downtown Fashion District.
    • Excellent traffic counts and all‑day pedestrian traffic.
    • Strong demographics with a one‑mile population of 38,992 and average household income of $33,199.
    Property Profile Location Intelligence

    Current Use by Public Records

    Simon's Burgers Hamburger Restaurant International Barber & Beauty Barber Shop BJ's Smoke Shop Smoke Shop Groman Mortuaries Funeral Home Vhiss Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    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
    -118.254088
    Latitude
    34.025786

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    FAQs

    What type of property is this?
    Retail property - 1,000 SF Retail Space - Ample Parking
    Where is this retail property located?
    The property is located at 830 Washington Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: High visibility at a busy intersection with ample parking and signage.; Strong co-tenancy including Metro PCS, Simon's Burgers, a donut shop, and Fred Loya.; Ideal for check cashing, takeout food, tax services, or a smoke shop.
    Request Owner's contact information
    830 Washington Blvd Los Angeles, CA 90021
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    Los Angeles, CA 90021
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    830 Washington Blvd Los Angeles, CA 90021
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