8361 3Rd StLos Angeles, CA 90048
- Retail properties
- 8,159 SF
For Sale
$11,950,000
View listing
Property Details for 8361 3Rd St
- Year built
- 1946
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 8,159 SF
- Zone code
- LAC2
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 5511-015-017
- APU
- 5511015017
Description
This exceptional retail storefront, located at 8361-8371 W 3rd St, Los Angeles, CA 90048, presents a rare investment opportunity. Boasting 8,159 square feet on a 10,930 square foot lot, this property features 18 parking spaces and over 100 feet of prime frontage on West 3rd Street, situated at the corner of West 3rd and Kings Road. Built in 1946, the property is zoned LAC2 and offers a compelling 4.15% cap rate with an asking price of $11,950,000 ($1,495/sq ft
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,475,062
- 6.5%
- $3,207,749
- 7%
- $2,978,624
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,909,819
- Geo Method
- $3,909,819
-
Alternative Use
- Use
- Valuation
- Residential
- $2,705,856
- Hospitality
- $2,478,550
- Educational
- $2,062,124
- Medical
- $2,133,044
- Retail
- $3,207,749
8361 3Rd St, Los Angeles, California
Leaflet | © OpenStreetMap contributors
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0732
- Longitude
- -118.372
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$102,430
$6,762,600
$1,664,640
$8,427,240
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Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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