Building Details

Year Built 1972

Tenancy Multi

Listing Agency: Cushman & Wakefield - Irvine Orange County, California

Listed By: Joseph Lising · License #CA 01248258 Show Phone

Source: Crexi

Added: Sep 22 Changed: Sep 29 Last Checked: Oct 7 at 8:51AM

Report an Issue

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 Cushman & Wakefield - Irvine Orange County, California

Investment Insights

Based on property information with market context.

This multi-tenant strip center contains 12,570 square feet on a 23,275-square-foot site, or 0.53 acres. Built in 1972, the property underwent significant renovation in 2021/2022.

The center is at 9346-9350 Corbin Avenue in Los Angeles, with frontage on Corbin Avenue. The surrounding area includes residential, office, and commercial development, and the thoroughfare carries daily traffic counts exceeding 30,000 vehicles.

Key Highlights

• 12,570‑square‑foot multi‑tenant strip center
• 23,275‑square‑foot site (0.53 acres)
• Originally built in 1972; significantly renovated in 2021/2022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$291,714

Cap Rate

3.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,834,280 $5.8M

Cap Rate 7%

$4,167,343 $4.2M

Cap Rate 9%

$3,241,267 $3.2M

Market Conditions

NOI Build-Up for 12,570 SF

Gross rent

$464.6K $36.96/SF

− Vacancy

−$47.9K −$3.81/SF

EGI

$416.7K $33.15/SF

− OpEx

−$125.0K −$9.95/SF

NOI

$291.7K $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%

$5,834,280

Cap Rate 7%

$4,167,343

Cap Rate 9%

$3,241,267

Alternative Uses

Best Use

Retail

$4.17M

$3.65M – $4.86M (±1% cap)

NOI $291,714 @ 7.0% cap · market cap 3.84%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$254.66M

$222.83M – $297.10M (±1% cap)

NOI $17,826,246 @ 7.0% cap · market cap 234.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Dental Office Law Firm Auto Parts Store Hotel & Motel Spa & Massage Center Real Estate Agency

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,128

Businesses Nearby

739k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 38% Dining 34% Shops & Services 10% Leisure 10%

Macy's Apparel

105,242 visits/mo 0.5 miles

Ross Dress for Less Apparel

73,130 visits/mo 0.5 miles

AMC Northridge 10 Leisure

71,431 visits/mo 0.4 miles

JCPenney Apparel

66,411 visits/mo 0.4 miles

Lowe's Home Improvements & Furnishings

56,662 visits/mo 0.3 miles

Demographics for 91324, CA

29,500

Population

11,408

Households

2.6

Avg Household Size

39

Median Age

38%

College-Educated

86%

High-School Grad

4.3 sq mi

ZIP Area

6,860

Density / Sq Mi

$99,834

Median Household Income

$46,513

Median Earnings

$2,286

Median Rent

$869,200

Median Home Value

Market

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Anchored Retail Strip Center

1514 S Vermont Ave, Los Angeles, CA 90006

$8,400,000

11,715 SF

View details

Corner Retail Strip Mall Opportunity

3631 Crenshaw, Los Angeles, CA 90016

$6,900,000

15,751 SF

View details

Fashion District Investment Opportunity

1212 S San Pedro Street, Los Angeles, CA 90015

$2,600,000

10,600 SF

View details

NNN Retail Center Redevelopment Site

698 S Vermont Ave, Los Angeles, CA 90005

$17,950,000

16,451 SF

View details

Neighborhood Retail Center with Hard Corner

17851 Chatsworth, Los Angeles, CA 91344

$4,600,000

View details

Occupied Streetfront Retail Strip

15143 Ventura Boulevard, Los Angeles, CA 91403

$4,900,000

7,500 SF

View details

Koreatown Retail Investment Opportunity

2546 West Pico Boulevard, Los Angeles, CA 90006

Contact for pricing

13,050 SF

View details

Retail Center on Florence Avenue

2151 Florence Ave., Los Angeles, CA 90047

$2,400,000

7,946 SF

View details

4-Tenant Retail Property

5070 Hollywood Blvd, Los Angeles, CA 90027

$3,995,000

View details

Retail Storefronts with Fenced Parking

4620-4622 Whittier Blvd, Los Angeles, CA 90022

Contact for pricing

10,610 SF

View details

Fully Leased Shopping Center

11700 National Blvd, Los Angeles, CA 90064

Contact for pricing

15,646 SF

View details

Fully Occupied Sylmar Shopping Center

13185 Gladstone, Los Angeles, CA 91342

$3,500,000

5,000 SF

View details

Frequently Asked Questions

What type of property is this?

Strip mall - Renovations in 2021/2022 updated this retail property for multiple occupants.

Where is this strip mall located?

The property is located at 9346-9350 Corbin Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $7,600,000.

What are key features of this property?

This property features: 12,570‑square‑foot multi‑tenant strip center; 23,275‑square‑foot site (0.53 acres); Originally built in 1972; significantly renovated in 2021/2022