Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4376 Western Ave Los Angeles, CA 90062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Three suites available, 549-839 sq ft

    Lot size:
    6,430 SF

    Property Features for 4376 Western Ave

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,430 SF
    Total Rate
    11702.6

    Building Details

    Year Built
    1991
    Stories
    2

    Spaces For Lease

    at 4376 Western Ave, Los Angeles, CA 90062 Contact us
    Unit Unit B

    $32 /Mo

    Size
    549 SF
    Contact us
    Unit Unit D

    $22 /Mo

    Size
    839 SF
    Contact us
    Unit Unit H

    $21 /Mo

    Size
    604 SF
    Contact us

    We can help!

    Listing Contact
    Ron Kim
    Ron Kim

    Listing Agency: Major Properties Listing Agent: Ron Kim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail property, located at 4376 S Western Avenue in Los Angeles, CA 90062, presents a unique investment opportunity. The two-story, 6,430 square foot shopping center sits on a 9,400 square foot lot and boasts a desirable location within Los Angeles County. Built in 1991, the property is zoned LA C2-2D-CPIO and features ample parking with 18 spaces available for customers and tenants. The building is comprised of three individual suites, offering flexibility for various retail businesses. Currently, there is 1,992 square feet of vacant space available for lease, with suites ranging from a minimum of 549 square feet to a maximum contiguous space of 839 square feet. This presents an ideal opportunity for businesses seeking a well-located space in a thriving area. The property's APN is 5021-024-040. This versatile property is perfect for a variety of retail uses and offers significant potential for growth and profitability. Don't miss this chance to secure a prime retail location in a high-traffic area of Los Angeles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HG TOBACCO MART (Bike/Boat/Book/etc) Store Alcohólicos anónimos grupo ... Social Service Agency Precision Garage Door ... Building Supply T&T Golden Nails Nail Salon African Hair Braiding Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -118.308542
    Latitude
    34.0039929

    Nearby Similar for Lease

    • $5,300 /Mo
      5,227 SF

      Versatile Mixed-Use Space in Los Angeles

      Mixed-use space ideal for various businesses in a dynamic location.
      1201 West Temple St, Los Angeles, CA 90026
      View Details
    • $2,100 /Mo

      Tujunga Office Space For Lease

      Office suites available in well-maintained Tujunga building.
      6708 Foothill Blvd, Tujunga, CA 91042
      View Details
    • $6,000 /Mo
      10,019 SF

      Melrose Avenue Storefront Opportunity

      Two-story storefront on Melrose Avenue, ideal for retail/office use.
      7552 Melrose Ave, Los Angeles, CA 90046
      View Details
    • New
      $3,000 /Mo
      1,540 SF

      Retail Units in Prime Location

      Six retail units available for lease in Los Angeles.
      1212 S San Pedro St, Los Angeles, CA 90015
      View Details
    • $1.50 SF/Yr
      9,020 SF

      Move-in Ready Panorama City Office

      Second-floor office space with multiple access points and ample light.
      9051 Van Nuys Blvd, Panorama City, CA 91402
      View Details
    • $3,300 /Mo
      1,585 SF

      Foothill Boulevard Commercial Office Space

      Commercial office space in Sunland, available February 1, 2026.
      7912 Foothill Blvd, Sunland, CA 91040
      View Details
    • New
      $1,625 /Mo
      970 SF

      Los Angeles Commercial Space Available

      Retail, office, showroom, or warehouse space in fashion district.
      1458 San Pedro St, Los Angeles, CA 90015
      View Details
    • $1.95 SF/Yr
      12,126 SF

      Koreatown Retail/Medical Office Space

      High-traffic corner location ideal for retail or medical office.
      991 S Vermont, Los Angeles, CA 90006
      View Details
    • $3,500 /Mo
      2,150 SF

      Commercial Space in Los Angeles

      Versatile space suitable for office, retail, or warehouse use.
      3136 E Olympic Blvd, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      1,800 SF

      Remodeled Retail Space in Los Angeles

      Remodeled commercial/retail space with parking in DTLA.
      5250 S Hoover St, Los Angeles, CA 90037
      View Details
    • New
      $5,250 /Mo
      5,000 SF

      Wilmington Commercial Space Near Ports

      Industrial building near Ports of Los Angeles and Long Beach.
      229 Broad Ave, Wilmington, CA 90744
      View Details
    • $3,540 /Mo
      1,200 SF

      Modern Corner Flex Space Available

      Adaptable 1,200 SF corner unit in Koreatown, Los Angeles.
      4356 W 3Rd St, Los Angeles, CA 90020
      View Details

    FAQs

    What type of property is this?
    Retail property - Three suites available, 549-839 sq ft
    Where is this retail property located?
    The property is located at 4376 Western Ave Los Angeles, CA.
    What is the lease rate?
    The lease rate is $21-$32 SF/Yr.
    What are key features of this property?
    This property features: Three units available in a two-story, 6,430 SF shopping center.; Two ground floor retail units and one second-floor office space.; Ample shared surface parking in a gated lot with 18 spaces.
    (213) 422-4955 Call to check price and availability
    Request Owner's contact information
    4376 Western Ave Los Angeles, CA 90062
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4376 Western Ave
    Los Angeles, CA 90062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4376 Western Ave Los Angeles, CA 90062
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ron Kim
    Ron Kim
    Real Estate License ID: 01891773
    (213) 422-4955
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!