8-Unit Retail Strip
New
For Sale
$2,000,000
9042 Las Tunas, Temple City, CA 91780
Eight storefront spaces line Las Tunas Drive in Temple City.
Property Size5,876 SF
Days on Market1
Property Features for 9042 Las Tunas
General Information
Standard status
Active
Size
5,876 SF
Property subtype
Commercial
Building Details
Building Size
5,876 SF
Year Built
1946
Tenancy
Multi
Listed By:
Eddie Li
(626) 757-9705
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:49PM
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 Eddie Li
Investment Insights
Based on property information with market context.
This retail property contains eight storefront units at 9042 Las Tunas in Temple City. Built in 1946, the property is located along Las Tunas Drive, with residential neighborhoods and local businesses in the surrounding area.
Walk Score is 70, Bike Score is 52, and Transit Score is 42.
Walk Score is 70, Bike Score is 52, and Transit Score is 42.
Key Highlights
- Eight retail units in a multi‑tenant property
- Built in 1946
- Walk Score: 70, Very Walkable
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,600,080
$2.6M
Cap Rate 7%
$1,857,200
$1.9M
Cap Rate 9%
$1,444,489
$1.4M
Market Conditions
NOI Build-Up for 5,876 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$198.8K $33.84/SF
− Vacancy
−$13.1K −$2.23/SF
EGI
$185.7K $31.61/SF
− OpEx
−$55.7K −$9.48/SF
NOI
$130.0K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,600,080
Cap Rate 7%
$1,857,200
Cap Rate 9%
$1,444,489
Alternative Uses
Best Use
Retail
$1.86M
$1.63M – $2.17M
NOI $130,004 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,219 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
271k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 30%
Apparel 17%
Groceries 10%
T.J. Maxx
Apparel
44,645 visits/mo
0.2 miles
Super A Foods
Groceries
28,294 visits/mo
0.2 miles
Daiso USA
Shops & Services
23,954 visits/mo
0.1 miles
Chase Bank
Shops & Services
21,538 visits/mo
0.1 miles
Office Depot
Office Supplies
20,131 visits/mo
0.3 miles
Demographics for 91780, CA
35,751
Population
11,953
Households
3
Avg Household Size
43
Median Age
43%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
9,408
Density / Sq Mi
$101,746
Median Household Income
$48,807
Median Earnings
$2,046
Median Rent
$922,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Eight storefront spaces line Las Tunas Drive in Temple City.
Where is this strip mall located?
The property is located at 9042 Las Tunas Temple City, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Eight retail units in a multi‑tenant property; Built in 1946; Walk Score: 70, Very Walkable
