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Property profile & analytics
OFF-MARKET Estimated value $9,375,000
Retail space

3785 Wilshire Blvd Los Angeles, CA 90010-2889

29,864 SF 1.23 ac lot Built 2009
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US09-9315848
Property summary
AI-generated overview

Solair Retail, a 333,324 square foot retail property in Los Angeles, CA, presents a unique investment opportunity. Built in 2008, this multi-tenant building boasts a prime location at 3785 Wilshire Blvd, 90010, at the northeast corner of Wilshire Boulevard and Western Avenue. The property features three available retail spaces ranging from 1,291 to 2,773 square feet, ideal for a variety of businesses. Food and restaurant uses are permitted. The building offers significant street frontage along Western Avenue, providing excellent visibility and accessibility. A key advantage is the inclusion of 150 parking spaces within an underground garage, a rare amenity in this high-density area. Furthermore, the property's proximity to the MTA Metro Station (Purple Line) ensures convenient public transportation access for customers and employees. Located in one of the highest-density neighborhoods in the United States, this property benefits from a large and diverse potential customer base. The building is equipped with elevators. This exceptional location and comprehensive amenities make Solair Retail an attractive investment prospect.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction STEEL FRAME
Total area 29,864 SF
Lot 1.23 ac (53,695 SF)
Zoning code LAC2
APN 5503-030-211
UPID US09-9315848
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
  • Joshuakphoto Wedding Service Photography Service
  • MOMOKA'S SPOD Apartment Building
  • SP+ Parking Parking Lot & Garage
  • Edible Arrangements Take-out & Catering Catering Service
  • HSBC Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.66M
Comparable Approach Comparable
$6.28M
Blend (final) Blend
$9.38M
Owner & transaction history
711 Hope LP · 12 yrs held
711 Hope LP
since 2013
2 recorded transactions
2013
$9.8M
2010
Price N/A
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $15.0M +22.2%
Medical building $13.6M +11.0%
Neighborhood: shopping center $12.7M +3.2%
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