Leased Liquor Store and Bar
For Sale
$995,000
E 3 rd Street, Los Angeles, CA 90022
Two-unit building with a leased liquor store and bar; owner sale only, businesses not included.
Property Size3,000 SF
Price / SF$331.67
Days on Market15
Property Features for E 3 rd Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Building Details
Year Built
1949
Listing Agency:
Diamond Hills Realty
(909) 860-2234
Listed By:
Asif Musavvir
Source:
Xome
Added: Jul 17
Changed: Jul 24
Last Checked: Jul 31 at 3:19AM
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 Diamond Hills Realty
Investment Insights
Based on property information with market context.
This two-unit commercial building is currently leased to a liquor store and a bar. The seller notes the building’s area as approximately 3,000 square feet, while public records show approximately 2,800 square feet; the buyer should verify measurements and all lease and operating details as part of due diligence.
Reported improvements include a roof replacement completed about seven years ago, a parking lot resurfacing with new asphalt completed about two years ago, and ADA updates completed about two years ago. Per the remarks, only the real estate is being offered for sale; the businesses themselves are not for sale, and all information will be verified by the buyer during due diligence.
Reported improvements include a roof replacement completed about seven years ago, a parking lot resurfacing with new asphalt completed about two years ago, and ADA updates completed about two years ago. Per the remarks, only the real estate is being offered for sale; the businesses themselves are not for sale, and all information will be verified by the buyer during due diligence.
Key Highlights
- Two‑unit building with both units leased to a liquor store and a bar
- Roof was redone about 7 years ago
- Parking lot has new asphalt installed about 2 years ago
Financial Insights For Specialty 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 | $110.9k | $36.96 |
| − Vacancy | −$2.6k | −$0.85 |
| EGI | $108.3k | $36.11 |
| − OpEx | −$27.1k | −$9.03 |
| NOI | $81.2k | $27.08 |
3,000 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,247 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$1.08M
$947.9K – $1.26M
NOI $75,831 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,561 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,507
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-unit building with a leased liquor store and bar; owner sale only, businesses not included.
Where is this storefront property located?
The property is located at E 3 rd Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑unit building with both units leased to a liquor store and a bar; Roof was redone about 7 years ago; Parking lot has new asphalt installed about 2 years ago
