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    1100 Hope St Los Angeles, CA 90015

    Sponsored
    For Lease
    $2 SF/Yr

    Los Angeles Retail Space - 1802 sq ft

    Lot size:
    1,802 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 1,802 square foot retail space is available for lease at 1100 South Hope Street in the heart of Los Angeles, California. Located in Los Angeles County, zip code 90015, this single-tenant property presents a unique opportunity for businesses seeking a high-visibility location. The entire space, totaling 1,802 square feet, is currently vacant and ready for immediate occupancy. The property's classification is retail commercial, offering a versatile canvas for a variety of retail ventures. Its strategic location within Los Angeles provides excellent access to a dense population base and high foot traffic, making it an ideal spot for businesses seeking maximum exposure. The property is situated at 34.0417686 latitude and -118.2631233 longitude, offering easy navigation and accessibility for customers and employees alike. This is a single-tenant space, providing complete control and customization for the lessee. Serious inquiries are encouraged to explore the potential of this prime retail location and capitalize on its significant advantages within the vibrant Los Angeles market. The property is ready for immediate lease and offers a blank canvas for your business vision.

    Property Features for 1100 Hope St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,802 SF
    Total Rate
    412.96

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,802 SF
    Rate per SF
    $2

    We can help!

    Listing Contact
    Derrick Moore
    Derrick Moore

    Learn more

    HighLights

    • Prime street frontage retail space at the corner of 11th and Hope Streets.
    • Join established neighbors including Starbucks, Prank Bar, and Sonoritas.
    • Ceiling heights range from 12" to 24".
    • Energy‑efficient design resulting in low utility costs.
    • Proximity to planned streetcar line connecting L.A. Live to the Civic Center, projected to increase retail spending by $24.5 million annually.
    • Streetcar project expected to stimulate $1.1 billion in new downtown residential and commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premier Real Estate ... Real Estate Agency GB Tax Service, ... Tax Preparation Service Law Office of Donna ... Attorney Law Offices of John ... Elder Law Attorney Bliss Drive Marketing Consultant

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Daycare Center Grocery Store Gym & Fitness

    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
    -118.2631233
    Latitude
    34.0417686

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    FAQs

    What type of property is this?
    Retail property - Los Angeles Retail Space - 1802 sq ft
    Where is this retail property located?
    The property is located at 1100 Hope St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Prime street frontage retail space at the corner of 11th and Hope Streets.; Join established neighbors including Starbucks, Prank Bar, and Sonoritas.; Ceiling heights range from 12" to 24".
    Request Owner's contact information
    1100 Hope St Los Angeles, CA 90015
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    Los Angeles, CA 90015
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1100 Hope St Los Angeles, CA 90015
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    We can help!
    Listing Contact
    Derrick Moore
    Derrick Moore
    Real Estate License ID: CA - 01029938
    Learn more
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