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Property profile & analytics
OFF-MARKET
Banks

3500 Wilshire Blvd Los Angeles, CA 90010-2309

16,599 SF 0.43 ac lot Built 1956
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-8157930
Property summary
AI-generated overview

This exceptional 10,837 square foot space, located on the second floor of 3500 Wilshire Boulevard in the vibrant Koreatown neighborhood of Los Angeles County, presents a unique opportunity for a dynamic food and beverage concept. Situated at the intersection of Normandie and Wilshire, this property boasts unparalleled visibility and accessibility, being steps away from the renowned Line Hotel and the Metro D Line. The space is currently a vacant food hall, offering expansive street views and significant potential. The layout includes five fully equipped kitchens and two bar areas, making it ideally suited for a multi-faceted operation, such as a restaurant with an integrated ghost kitchen for efficient food delivery services. The versatile design also lends itself to alternative uses, including event hosting or filming locations. The entire building encompasses 21,222 square feet, and this specific space is part of a multi-tenant building. This is a rare chance to establish a thriving business in a high-traffic, high-demand location within one of Los Angeles's most exciting and culturally rich districts. The property's proximity to public transportation and popular attractions ensures a steady flow of potential customers. Don't miss this chance to secure a prime location in the heart of Koreatown.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1956
Construction STEEL FRAME
Total area 16,599 SF
Lot 0.43 ac (18,650 SF)
Zoning code LAC4
APN 5094-001-020
UPID US09-8157930
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carl's Jr. Restaurant Take-out & Catering
  • The 8th Notch Restaurant
  • 7-Eleven Grocery & Convenience Store
  • Western Union Bank Credit Union
  • Stacey Sing Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rio Hondo Medical Plaza LLC · 3 yrs held
Rio Hondo Medical Plaza LLC
since 2022
Last sale
$22.5M
7 recorded transactions
2022
$22.5M
2018
Price N/A
2012
$1.0M
2006
Price N/A
2003
$5.3M
2003
Price N/A
1993
$2.5M
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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