Retail Business for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90046
  • Size: 23,253 SF

Description

A generational investment/development opportunity at one of Los Angeles’ most iconic and highly trafficked intersections: Sunset Boulevard and Fairfax Avenue. This freestanding, high-clearance retail building—formerly occupied by Rite Aid—offers a commanding presence with unbeatable visibility and signage potential in the heart of the Hollywood/ West Hollywood corridor. Situated on the southwest corner of a fully signalized intersection, the property features a ±23,253 square foot building with expansive on-site parking (±65 spaces) on approximately 62,254 SF land. The building boasts a clear height of approximately 20 feet, efficient loading via a dedicated dock, and robust utility infrastructure.

Market Context

This retail in Los Angeles, CA is listed for sale across 23,253 SF. It has been on the market for 8 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.

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

Medium Confidence

$316.86/SF – $428.70/SF

Mid: $372.78/SF

Total estimate for 23,253 SF: $8,668,253

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

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