Retail Business for Sale in Los Angeles, CA

  • Price: $3.8M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90732
  • Size: 8,005 SF

Description

Newmark Capital Markets & WestPac Partners is pleased to present to qualified investors the rare opportunity to acquire a core, coastal commercial property positioned for a wide range of value-add or redevelopment possibilities. Located at the convergence of two dynamic coastal communities — Rancho Palos Verdes and San Pedro — the Property consists of 8,005 square feet of improvements situated on over 0.92 acres of land. Previously occupied by a long-standing financial institution, the building is now vacant, offering investors the unique ability to reposition the site. The oversized parcel and strong visibility make it an excellent site for multiple future uses. Given the scarcity of large coastal sites in this submarket, the Property represents a best-in-class redevelopment or re-tenanting opportunity.

Market Context

This retail in Los Angeles, CA is listed for sale at $3,800,000 across 8,005 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

$318.26/SF – $430.58/SF

Mid: $374.42/SF

Total estimate for 8,005 SF: $2,997,232

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

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