Two-Story Retail Building For
978 Chung King Rd Los Angeles, CA
For Sale
Contact for pricing
Two-story retail building with live/work potential in Los Angeles.
Property Size2,400 SF
Lot Size0.04 Acres
Price / SF$583.33
Days on Market249
Property Features for 978 Chung King Rd
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.04 Acres
- Property subtype
- RETAIL
Listing Agency:
Lee & Associates
(626) 786-7430
Listed By:
Evan Jurgensen · License #01967347
(626) 786-7430
Source:
Moodyscre
Added: Nov 18, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This two-story retail building includes a ground floor kitchenette, a mezzanine loft, and a 1,200 square foot basement. The 2,400 square foot property is suitable for gallery, studio, retail, or office use. The upstairs area features two one-bedroom, one-bath units, offering potential live/work arrangements.
Key Highlights
- Two 1‑bedroom, 1‑bath units upstairs offer potential live/work space.
- Versatile two‑story building suitable for gallery, studio, retail, or office.
- Includes a spacious 1,200 sq. ft. basement for storage or additional workspace.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.7k | $36.96 |
| − Vacancy | −$9.1k | −$3.81 |
| EGI | $79.6k | $33.15 |
| − OpEx | −$23.9k | −$9.95 |
| NOI | $55.7k | $23.21 |
2,400 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$795.7K
$696.2K – $928.3K
NOI $55,697 @ 7.0% cap · market cap 3.98%
Second Best
Mixed Use
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$48.62M
$42.54M – $56.73M
NOI $3,403,579 @ 7.0% cap · market cap 243.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Luxigon LA (aloha ...
Film Production
Gregorio Escalante Gallery
Art Gallery
Red Pipe Gallery
Art Gallery
FAQs
What type of property is this?
Retail space - Two-story retail building with live/work potential in Los Angeles.
Where is this retail space located?
The property is located at 978 Chung King Rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units upstairs offer potential live/work space.; Versatile two‑story building suitable for gallery, studio, retail, or office.; Includes a spacious 1,200 sq. ft. basement for storage or additional workspace.
