Retail Business for Sale in Los Angeles, CA

  • Price: $4M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90036
  • Size: 6,240 SF
  • Year built: 1930

Description

Rare and unique opportunity for retail/restaurant owner/users and future development in the dynamic La Brea revitalization corridor. 611 S La Brea Ave, which borders the 200,000 SF 639 S La Brea Hotel and Residences project, is the perfect location for concept or upscale dining and/or entertainment. The 600 block of S La Brea is home to the acclaimed République Café, Restaurant & Bakery. Currently hosting Mix Furniture, 611 S La Brea currently utilizes 6,240 SF for retail floor space (1st floor and mezzanine). If adding value to the property, buyers may utilize significant rental income from the property during permits-entitlements through Mix Furniture lease-back. The property is zoned LAC2, is located in a Tier 4 TOC Zone and on the same block as new La Brea/Wilshire Metro Subway (Purple, D, Line), which is scheduled to open in 2024. Building SF: 6240 | Land Size: 4202.0 SF | Year Built: 1930 | Listing Type: FOR SALE

Market Context

This retail in Los Angeles, CA is listed for sale at $3,998,000 across 6,240 SF ($641/SF). It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1930. It has been on the market for 25 days. Compare it against other retail listings for sale in Los Angeles, CA — <a href="/search/sale/retail/california/los-angeles">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Its 5.2% asking cap rate is in line with the Greater Los Angeles retail market average of about 5.0%.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

High Confidence

$341.20/SF – $461.62/SF

Mid: $401.41/SF

Total estimate for 6,240 SF: $2,504,798

Rate-first confidence-weighted blend with cost-of-business adjustment.

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