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    8016 3Rd St Los Angeles, CA 90048

    For Lease
    Contact for pricing

    Prime LA Retail Space Available Now

    Lot size:
    4,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail or restaurant space, located at 8016 West Third Street in Los Angeles, California, presents a unique investment opportunity. The property, built in 1946 and extensively renovated in 2018, offers a total of 4,325 square feet across two suites. Currently, 2,400 square feet are available for lease, divisible into spaces ranging from 475 to 1,925 contiguous square feet, making it ideal for a variety of businesses. The property boasts a highly desirable location on West 3rd Street, between La Cienega and Fairfax, placing it within a vibrant and bustling commercial district. The building offers shared parking with four spaces located in the rear. This is a chance to establish a presence in one of Los Angeles' most sought-after retail corridors. The property's recent renovation ensures modern amenities and a move-in ready condition. The flexible space allows for customization to suit individual business needs. With its prime location and adaptable layout, this property is perfectly positioned for success. The zip code is 90048, and the property is situated in Los Angeles County.

    Property Features for 8016 3Rd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,325 SF

    Building Details

    Year Built/Renovated
    1946/2018

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,925 SF

    HighLights

    • Prime West 3rd Street location in Los Angeles' premier retail corridor.
    • High traffic counts: 43,000 cars daily on West 3rd Street and South Laurel Avenue.
    • Walking distance to numerous restaurants, cafes, and retail shops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Day Kitchens Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

    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
    -118.3644818
    Latitude
    34.0717462

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    FAQs

    What type of property is this?
    Restaurant - Prime LA Retail Space Available Now
    Where is this restaurant located?
    The property is located at 8016 3Rd St Los Angeles, CA.
    What are key features of this property?
    This property features: Prime West 3rd Street location in Los Angeles' premier retail corridor.; High traffic counts: 43,000 cars daily on West 3rd Street and South Laurel Avenue.; Walking distance to numerous restaurants, cafes, and retail shops.
    Request Owner's contact information
    8016 3Rd St Los Angeles, CA 90048
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    Los Angeles, CA 90048
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    Realmo Value Estimation

    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.

    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
    8016 3Rd St Los Angeles, CA 90048
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