6240 York Blvd Los Angeles, CA 90042
- Retail space
- 1,271 SF
- 0.26 lot acres
Current Use by Public Records
- Starbucks / Coffee Shop / Breakfast Restaurant
Property Details for 6240 York Blvd
- Year built
- 1975
- Construction
- WOOD
- Lot size
- 0.26 lot acres
- Property size
- 1,271 SF
- Zone code
- LAC4
- Property type
- Retail space
- APN
- 5492-034-008
- APU
- 5492034008
Description
This exceptional investment opportunity presents a single-tenant, corporate-leased Starbucks storefront located at 6240 York Blvd, Los Angeles, CA 90042. The property boasts 1,271 square feet on a 0.26-acre lot and features a drive-thru, capitalizing on high traffic volume. With a strong 3.68% cap rate and a substantial net operating income (NOI) of $132,000, this property offers significant returns. The current lease, an Absolute NNN, has 10 years remaining (until May 31, 2034), with three additional five-year options to extend. Rent increases of 10% are built into the lease every five years, with the next increase scheduled for June 2024. The property is zoned LAC4 and was built in 1975. The location benefits from exceptional visibility on a primary east/west retail corridor, close proximity to major freeways, and a dense population with high average household incomes. The high daytime traffic count of 45,000 cars daily at the intersection of York Boulevard and Figueroa Street, combined with over 302,000 employees within a 5-mile radius, ensures consistent customer traffic. This is a rare opportunity to acquire a well-established, high-performing Starbucks in a prime Los Angeles location. The asking price is $3,950,000, representing a price per square foot of $3,147.05. The APN is 5492-034-008.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,715,000
- 6.5%
- $3,925,000
- 7%
- $3,550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,965,000
- Geo Method
- $3,365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,700,000
- Retail
- $3,640,000
- Mixed-Use
- $3,750,000
- Hospitality
- $3,105,000
- Educational
- $2,750,000
- Residential Income
- $3,820,000
- Energy
- $3,720,000
- Income-Based Land
- $3,420,000
- Food Service
- $2,845,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.183
- Latitude
- 34.1148
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
