Property profile

1204 Paloma St Los Angeles, CA 90021

FOR LEASE
Retail space
Property ID
US09-6805246
3,928 SF 0.13 ac lot Built 1997
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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No photos on file
For Lease
$1,280,000 3,928 SF available
1204 Paloma St, Los Angeles, CA 90021
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Property summary

AI-generated overview

This exceptional 7,800-square-foot retail space at 1204 Paloma Street in Los Angeles, CA 90021 presents a unique investment opportunity. Currently vacant, the single-tenant building offers immediate occupancy for a wide range of businesses. The property boasts ample parking with six spaces available for customers and employees. The building is equipped with robust electrical service, featuring 400 amps of power at 240/120 volts, ensuring sufficient capacity for most commercial needs. Its location in Los Angeles offers excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. The property is zoned for retail use and is ready for immediate possession. The building's size and layout provide flexibility for customization to suit specific business requirements. This is a rare opportunity to acquire a substantial retail space in a desirable Los Angeles location. The property is available for sale or lease, providing options for various investment strategies. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's address is 1204 Paloma St, Los Angeles, CA 90021. Its geographical coordinates are 34.030958 latitude and -118.247797 longitude.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction TILT-UP CONCRETE
Total area 3,928 SF
Lot 0.13 ac (5,565 SF)
Zoning code LAM2
APN 5132-016-047
UPID US09-6805246

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
  • Alternative Medicine Practice
  • Clothing & Fashion Store

Location

1204 Paloma St Los Angeles, CA 90021
Los Angeles metro Census 226002 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.40M
Comparable Approach Comparable
$873k
Blend (final) Blend
$1.28M

Owner & transaction history

since 2012
7 recorded transactions
2022
Price N/A
2012
$3.2M
2012
Price N/A
2007
Price N/A
2007
Price N/A
2007
$7.0M
2003
Price N/A

Zoning & alternative use

LAM2 · Los Angeles, CA

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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