Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8338 3rd St Los Angeles, CA 90048-4311
    Back to Search
    Property profile & analytics

    8338 3rd St, Los Angeles, CA 90048-4311

    View on Map
    • Turn key restaurants
    • 4,360 SF
    • 0.10 lot acres
    Off-Market
    Property ID
    US09-7704307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Basbussa / Restaurant

    Property Details for 8338 3rd St

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    5511-031-030
    APU
    5511031030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 6, 2018 — 3 On 3rd Properties LLC Deel Laurie G Trust Quit Claim Deed · related —
    Feb 27, 2015 — Demus Family Trust Demus Janet G Quit Claim Deed · related —
    Feb 23, 2015 — Deel,laurie G Trust Deel Laurie G Quit Claim Deed · related —
    Jan 21, 2015 — Laurie G|demus Janet G Deel Gilson Joan Trust Quit Claim Deed · related —
    Dec 24, 2014 — Janet G|deel Laurie G Demus Gilson,joan M Affidavit Of Death —
    Aug 17, 2010 — Demus Family Trust Demus,janet Quit Claim Deed · related —
    May 4, 2009 — Deel Laurie G Trust Deel,laurie G Quit Claim Deed · related —
    Oct 24, 1996 — Gilson,joan Trustee Gilson,j Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.371
    Latitude
    34.0726
    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
    $3,810
    $71,592
    $194,589
    $266,181
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Los Angeles, CA 90048

      RESTAURANT
      Los Angeles, CA 90048
      View Details
    • Value Estimation
      $650,000
      5,894 SF

      547 La Cienega Blvd

      RESTAURANT
      547 La Cienega Blvd, Los Angeles, CA 90048
      View Details
    • Value Estimation
      $670,000
      3,013 SF

      8711 Beverly Blvd

      RESTAURANT
      8711 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • Value Estimation by Request
      1,044 SF

      8201 3rd St

      RESTAURANT
      8201 3rd St, Los Angeles, CA 90048
      View Details
    • Value Estimation
      $765,000
      4,000 SF

      8741 Alden Dr

      RESTAURANT
      8741 Alden Dr, Los Angeles, CA 90048-3692
      View Details
    • Value Estimation
      $3,655,000
      2,495 SF

      8445 3rd St

      RESTAURANT
      8445 3rd St, Los Angeles, CA 90048-4124
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Beverly Grove Retail Investment Opportunity

      Two-tenant retail building in Beverly Grove with stabilized income.
      Los, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      8,159 SF

      Prime Retail on West 3rd

      Retail and restaurant property on West 3rd Street for sale.
      8361 W 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      4,056 SF

      Restaurant Opportunity in Prime Location

      Turnkey restaurant with entitlements in West Hollywood/Beverly Grove.
      8480 West 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      4,983 SF

      Wilshire Blvd Retail/Office Space

      Ground floor space suitable for retail, pharmacy, imaging, or fitness.
      6200 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      6,943 SF

      Mixed-Use Retail Building for Rent

      Mixed-use retail building with residential and retail spaces available.
      7974 Melrose Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      5,330 SF

      Retail Property in Beverly Grove

      Multi-tenant retail property in a high-traffic, affluent area.
      8300 W 3Rd St, Los Angeles, CA 90048
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wilshire Blvd Retail Center

      Retail/Restaurant/Medical spaces available in renovated Wilshire Blvd retail center.
      Los, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Second generation restaurant and retail space for lease.
      8500 W 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Cafe Space Available For Lease

      Second generation cafe space available for lease.
      8051 W 3Rd St, West Hollywood, CA 90048
      View Details
    • Contact for pricing

      Harper Avenue Office/Creative Space

      Office/creative space near Beverly Center and Cedars Sinai Hospital.
      304 N Harper Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      1,000 SF

      Fully Leased Retail Property

      Retail property, currently 100% leased, no availability.
      8264-8268 Melrose Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      920 SF

      Retail Space on West 3rd

      Prime retail location adjacent to Yada Studio & Groundwork Coffee.
      8117 West 3Rd St, Los Angeles, CA 90048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8338 3rd St
    Los Angeles, CA 90048-4311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8338 3rd St, Los Angeles, CA, 90048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!