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    Retail Center in Civic Core Title is generated by Realmo AI

    131-251 S Mednik Ave, East Los Angeles, CA 90022

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    Recently renovated retail center in East Los Angeles' civic core.

    Type:Retail, Office, Restaurant
    Added:
    Sep 17, 2022
    Days on Market:
    1356
    Last Refresh:
    May 12 at 10:02 pm

    Property Features for 131-251 S Mednik Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 131-251 S Mednik Ave Contact us

    215 S Mednik Ave Restaurant End Cap $4/Mo

    Size
    1,300 SF
    Type
    Restaurant
    Rare opportunity to lease a 1,300 SF second-generation restaurant space within a...
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    Contact us

    Retail Shop Space $2/Mo

    Size
    1,000 SF
    Type
    Retail, Office
    This 1,000 SF retail shop space is well suited for neighborhood-serving retail, personal...
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    Contact us

    We can help!

    Listing Contact
    Aaron Guido
    Aaron Guido

    Listing agent Aaron Guido License #CA 01924254

    Listing office CBM1 West Los Angeles

    Listing date Sep 17, 2022

    Source Crexi

    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 CBM1 West Los Angeles

    HighLights

    • High daily foot traffic from government offices, public services, and transit users.
    • Anchored by a high‑performing Coffee Bean & Tea Leaf, attracting consistent traffic.
    • Exceptional exposure at two signalized intersections.
    • Strategically located directly across from the East Los Angeles Civic Center.
    • Recently renovated with modernized storefronts, ample on‑site parking, and high‑visibility pylon signage.
    • Located in a densely populated area underserved by quality neighborhood retail.

    Overview

    Civic Center Plaza is a recently renovated neighborhood retail center positioned at the heart of East Los Angeles’ civic core. The property offers exposure at two signalized intersections and benefits from consistent daily traffic. Anchored by a high-performing Coffee Bean & Tea Leaf, the center captures steady morning, lunch, and afternoon traffic. Tenants enjoy modernized storefronts, strong co-tenancy, ample on-site parking, and high-visibility pylon signage fronting both major street frontages. Civic Center Plaza presents an opportunity for food, service, and retail users seeking durable foot traffic and long-term demand drivers. Civic Center Plaza is strategically located at the signalized intersections of East 3rd Street and Mednik Avenue in East Los Angeles, directly across from the East Los Angeles Civic Center. The Civic Center campus includes the East Los Angeles Courthouse, Sheriff’s Station, Edward R. Roybal Comprehensive Health Center, and the East Los Angeles Library, drawing a constant flow of employees, residents, and visitors throughout the day. The property is also adjacent to the East LA Civic Center Metro Station, providing direct access to public transportation. The surrounding area is densely populated and underserved by quality neighborhood retail, supporting strong long-term fundamentals for both food and service-oriented tenants.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

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    Location Insight

    • Map
    • Local Demand
    City
    East Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.157
    Latitude
    34.0246

    FAQs

    What type of property is this?
    Shopping center - Recently renovated retail center in East Los Angeles' civic core.
    Where is this shopping center located?
    The property is located at 131-251 S Mednik Ave East Los Angeles, CA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: High daily foot traffic from government offices, public services, and transit users.; Anchored by a high‑performing Coffee Bean & Tea Leaf, attracting consistent traffic.; Exceptional exposure at two signalized intersections.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Guido
    Aaron Guido
    Real Estate License ID: CA 01924254
    Learn More
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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.

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