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8500 3Rd St Los Angeles, CA 90048

OFF-MARKET Neighborhood centers Google Maps
10,084 SF Built 1986
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 10,084 square foot single-story retail center is situated at 8500-8522 W. 3rd Street, Los Angeles, CA 90048, at the southwest corner of 3rd and La Cienega Boulevard. Built in 1986 and renovated in 2017, the property offers multiple tenancy options within a strip center configuration, ideal for restaurant, retail, or salon uses. Four spaces are currently available, ranging from 840 to 984 contiguous square feet, with a total of 2,149 square feet of vacant space. The property sits on a 0.5-acre lot and boasts 27 parking spaces, a significant advantage in this high-traffic area. The center enjoys high street visibility and prominent monument signage. Its strong tenant mix includes established national and regional brands. The property is zoned C2 and offers a minimum divisible space of 840 square feet. This location provides unparalleled access and exposure to a dense population and high volume of foot and vehicle traffic. The property's prime location and amenities make it an exceptional opportunity for businesses seeking a thriving retail environment in Los Angeles.

Property profile

Verified
Property type Neighborhood centers
Year built 1986
Total area 10,084 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Shopping Center & Mall
  • Restaurant
  • Hardware & Home Improvement General Contractor

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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