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    8361 3Rd St Los Angeles, CA 90048

    Sponsored
    For Sale
    $11,950,000

    Prime LA Retail, High ROI

    Property size:
    8,159 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail storefront, located at 8361-8371 W 3rd St, Los Angeles, CA 90048, presents a rare investment opportunity. Boasting 8,159 square feet on a 10,930 square foot lot, this property features 18 parking spaces and over 100 feet of prime frontage on West 3rd Street, situated at the corner of West 3rd and Kings Road. Built in 1946, the property is zoned LAC2 and offers a compelling 4.15% cap rate with an asking price of $11,950,000 ($1,495/sq ft

    Property Features for 8361 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,159 SF

    Building Details

    Year Built
    1946

    HighLights

    • High‑profile retail property on a prime high street.
    • Significant rental income growth opportunity.
    • Exceptional, rarely available investment opportunity.
    • Highly visible corner lot.
    • Over 100 feet of frontage on West 3rd Street.
    • Desirable location bordering Beverly Hills and West Hollywood.
    Property Profile Location Intelligence

    Current Use by Public Records

    La La Land ... Coffee Shop

    Suggested Use

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

    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
    -118.3722853
    Latitude
    34.0732024

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    FAQs

    What type of property is this?
    Individual retail property - Prime LA Retail, High ROI
    Where is this individual retail property located?
    The property is located at 8361 3Rd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $11,950,000.
    What are key features of this property?
    This property features: High-profile retail property on a prime high street.; Significant rental income growth opportunity.; Exceptional, rarely available investment opportunity.
    Request Owner's contact information
    8361 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
    8361 3Rd St Los Angeles, CA 90048
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