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    1601-1673 103Rd St Los Angeles, CA 90002

    Sponsored
    For Lease
    Contact for pricing

    Los Angeles retail space, ample parking.

    Lot size:
    103,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional retail opportunity is located at the MLK Jr. Shopping Center, situated at 1601-1673 E. 103rd Street, Los Angeles, CA 90002, in Los Angeles County. The property is a grocery and pharmacy-anchored shopping center totaling 103,566 square feet. Two spaces are currently available, ranging from 1,892 to 2,000 contiguous square feet. The minimum divisible space is 1,892 square feet, with a total of 3,892 square feet currently vacant. Ample parking is provided for customers and employees. This center benefits from its prime location within a high-traffic area, easily accessible from the 105 and 110 Freeways. The surrounding area boasts a dense residential population of approximately 500,000 residents within a 3-mile radius, ensuring a consistent flow of potential customers. Public transportation is readily available, with the nearby 103rd St/Watts Metro A Line Station averaging approximately 70,000 daily riders. The center's strong retail sales history and consistent foot traffic are further enhanced by established anchor tenants including Food 4 Less, CVS, and Rainbow Clothing, providing a stable and attractive retail environment. This property presents a unique opportunity for businesses seeking a vibrant and well-established location in a densely populated area of Los Angeles.

    Property Features for 1601-1673 103Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    103,566 SF

    Unit(s) available at that property

    Space
    Suite A1625
    Size
    2,000 SF
    Space
    Suite G1601-4
    Size
    1,892 SF

    HighLights

    • Grocery‑anchored shopping center with CVS and Rainbow Clothing also present.
    • High‑density South Los Angeles location with 500,000 residents within a 3‑mile radius.
    • 24/7 on‑site security.
    • Ample parking available.
    • High traffic counts: 10,711 VPD on 103rd St. and 17,607 VPD on Compton Ave.
    • Located directly adjacent to the Metro A Line (Blue Line) station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -118.24350128901
    Latitude
    33.94435961914

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    FAQs

    What type of property is this?
    Retail property - Los Angeles retail space, ample parking.
    Where is this retail property located?
    The property is located at 1601-1673 103Rd St Los Angeles, CA.
    What are key features of this property?
    This property features: Grocery-anchored shopping center with CVS and Rainbow Clothing also present.; High-density South Los Angeles location with 500,000 residents within a 3-mile radius.; 24/7 on-site security.
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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.

    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
    1601-1673 103Rd St Los Angeles, CA 90002
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