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    408 11Th St Los Angeles, CA 90015

    Sponsored
    For Lease
    Contact for pricing

    Prime 2,170 SF Retail Opportunity

    Lot size:
    2,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 2,170-square-foot retail space is available for lease in the heart of Downtown Los Angeles, Los Angeles County, California. Located at 408 W 11th St, zip code 90015, this Class B property presents a unique opportunity for businesses seeking a high-visibility location. The entire building, encompassing a single suite, is currently vacant, offering complete flexibility for a new tenant to customize the space to their specific needs. The property's multiple tenancy designation suggests adaptability for various retail concepts. The building's total square footage is 2,170 square feet, all of which is available. This presents a significant opportunity for a business seeking a substantial footprint in a bustling urban environment. Situated in Los Angeles County, the property benefits from excellent access to major transportation routes and a dense population base, ensuring high foot traffic and visibility. The address, 408 W 11th St, places the property within a vibrant commercial district, offering significant potential for business growth and success. This is a rare opportunity to secure a substantial, entirely vacant retail space in a prime Downtown Los Angeles location. The property's characteristics make it ideal for a wide range of retail businesses seeking a prominent presence in a high-traffic area. The coordinates are 34.0416451 latitude and -118.2623677 longitude.

    Property Features for 408 11Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,170 SF
    Class
    B

    Unit(s) available at that property

    Space
    Unit 106 + 107
    Size
    2,170 SF

    We can help!

    Listing Contact
    Derrick Moore
    Derrick Moore

    Learn more

    Property Insight Report

    HighLights

    • ±2,170 SF of high‑end, built‑out retail space available.
    • 723 condo units in immediate vicinity.
    • Two blocks from L.A. LIVE, Crypto.com Arena, and the Los Angeles Convention Center, hosting over 350 annual events.
    • Excellent retail location near Sugarfish, Starbucks, and other diverse amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    M Pilates Method ... Physical Fitness Program Athlete Within Chiropractor Urban Med Chiropractor pouervs Warehouse

    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
    -118.2623677
    Latitude
    34.0416451

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    FAQs

    What type of property is this?
    Retail property - Prime 2,170 SF Retail Opportunity
    Where is this retail property located?
    The property is located at 408 11Th St Los Angeles, CA.
    What are key features of this property?
    This property features: ±2,170 SF of high-end, built-out retail space available.; 723 condo units in immediate vicinity.; Two blocks from L.A. LIVE, Crypto.com Arena, and the Los Angeles Convention Center, hosting over 350 annual events.
    Request Owner's contact information
    408 11Th 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
    408 11Th 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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