2808 W 8th St
3,500 SF Retail Building Los Angeles, CA 90005 $3,000,000 ($857/SF) 2% Cap Rate
INVESTMENT HIGHLIGHTS
- This Location Is Perfectly Suited For A Venue Business
- Easy Access to Highways 10 & 110
- Close Proximity to A Variety of Dining and Retail Amenities
- Located in Vibrant Koreatown
EXECUTIVE SUMMARY
Let me introduce you to a 12,632 square foot space located very close to Koreatown. This space has many possible uses including Industrial, warehouse, church, venue, or condominium development. Prime opportunity in a highly desirable area with immense potential for growth and development.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$34.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$34.29
|
| Taxes |
$36,000
|
$10.29
|
| Operating Expenses |
$12,000
|
$3.43
|
| Total Expenses |
$48,000
|
$13.71
|
| Net Operating Income |
$72,000
|
$20.57
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1944
Price
$3,000,000
Price Per SF
$857
Cap Rate
2%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.29 AC
Zoning
R4-2, Los Angeles
Parking
19 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
145 FT on W 8th St
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- kpop nation
- Arts, Entertainment, and Recreation
- 3,500 SF
- $2.80
- TBD
- Sep 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| kpop nation | Arts, Entertainment, and Recreation | 3,500 SF | $2.80 | TBD | Sep 2025 |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
137,137
609,704
1,219,282
1,886,169
2029 Population
134,547
595,240
1,185,067
1,830,530
2024-2029 Projected Population Growth
-1.9%
-2.4%
-2.8%
-2.9%
Median Age
36.7
37.1
37.3
38.0
College Degree + Higher
24%
31%
32%
23%
Daytime Employees
60,436
385,366
634,017
1,135,821
Total Businesses
8,029
47,002
80,855
157,848
Average Household Income
$57,785
$75,313
$83,679
$90,327
Median Household Income
$41,460
$50,415
$57,184
$62,725
Total Consumer Spending
$1.1B
$6B
$12.9B
$20.6B
2024 Households
54,070
240,855
474,981
715,271
Average Home Value
$710,505
$889,675
$861,792
$852,031
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,705,039 | |
| Land Assessment | $2,307,607 | Annual Taxes | $36,000 ($10.29/SF) |
| Improvements Assessment | $397,432 | Tax Year | 2024 |
