Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3033 Wilshire Blvd Los Angeles, CA 90010
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3033 Wilshire Blvd Los Angeles, CA 90010

    View on Map
    • Retail properties & Spaces
    • 5,368 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 3033 Wilshire / Apartment Building
    • ButlerBox @ 3033 Wilshire / (Bike/Boat/Book/etc) Store
    • ABWE Chimney & Cleaning Services Inc. / General Contractor / Renovation Specialist
    • Stoic Beats / Music Venue / Theater & Performing Art Venue
    • Value Moving / Moving Company

    Property Details for 3033 Wilshire Blvd

    Property size
    5,368 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 3033 Wilshire Boulevard in Los Angeles, California, 90010, offers a substantial 5,368 square feet of completely vacant space. The property is classified as multi-tenant retail, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to collaborate. The address boasts a highly visible location on Wilshire Boulevard, a major thoroughfare known for its high foot traffic and prominent businesses. The building provides ample parking with 19 spaces available for customers and employees. This presents a significant advantage in a densely populated urban area where parking can be a premium. The entire 5,368 square feet is currently available, allowing for complete customization and design to suit the specific needs of the tenant(s). The property's prime location in the heart of Los Angeles offers unparalleled access to a diverse and affluent customer base. This is an exceptional opportunity to establish a strong retail presence in a vibrant and high-demand area. The latitude and longitude coordinates are 34.0622259 and -118.287469 respectively. Serious inquiries are encouraged to explore this remarkable retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.287
    Latitude
    34.0622

    Comparable in this City

    • Value Estimation by Request
      11,846 SF

      3183 Wilshire Blvd

      Restaurants • 11,846 SF
      3183 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Value Estimation
      $8,020,000
      150,527 SF

      3640 Wilshire Blvd

      PARKING LOT • 150,527 SF
      3640 Wilshire Blvd, Los Angeles, CA 90010-2641
      View Details
    • Value Estimation by Request
      16,599 SF

      3500 Wilshire Blvd

      FINANCIAL BUILDING • 16,599 SF
      3500 Wilshire Blvd, Los Angeles, CA 90010-2309
      View Details
    • Value Estimation by Request
      29,000 SF

      Los Angeles, CA 90010

      PARKING LOT • 29,000 SF
      Los Angeles, CA 90010
      View Details
    • Value Estimation
      $14,275,000
      32,208 SF

      3100 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 32,208 SF
      3100 Wilshire Blvd, Los Angeles, CA 90010-1202
      View Details
    • Value Estimation
      $680,000
      6,500 SF

      Los Angeles, CA 90010

      PARKING LOT • 6,500 SF
      Los Angeles, CA 90010
      View Details

    Similar Nearby for Sale

    • $9,900,000
      39,098 SF

      Wilshire Boulevard Mixed-Use Development

      Mixed-use property entitled for 297 residential units and retail.
      3100 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $9,900,000
      39,098 SF

      Retail Storefront Building For Sale

      Vacant retail storefront building available for purchase.
      3100 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      185,536 SF

      Entitled Mixed-Use Project in Los Angeles

      Fully entitled mixed-use project with Ready-To-Issue plans available.
      4680 Wilshire Blvd, Los Angeles, CA 90010
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      258,000 SF

      Harbor Building: Creative Office Space

      Prestigious LA Creative Office, 152,600 SF Available
      4201 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing

      Retail Space Near Metro Station

      Retail space available in high-density neighborhood near transportation.
      3785 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      5,914 SF

      Luxurious High-Rise Retail and Apartments

      New Koreatown high-rise with retail, restaurants, and ample parking.
      3150 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      10,323 SF

      Retail Space at Wilshire Vermont

      Retail spaces available in a high-traffic, transit-oriented development.
      3183 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      19,900 SF

      Retail Space on Wilshire Boulevard

      Retail space available for lease on Wilshire Boulevard.
      3240 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • $4 SF/Yr
      765 SF

      Retail Space on Wilshire Boulevard

      Retail space available for lease in Los Angeles.
      3785 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    Request Owner's contact information
    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.
    3033 Wilshire Blvd
    Los Angeles, CA 90010
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!