8115-8117 W 3rd St
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8115-8117 W 3rd St
9,376 SF 90% Leased Retail Building Los Angeles, CA 90048 $6,500,000 ($693/SF) 7% Cap Rate
Executive Summary
For Sale: Unbelievable West 3rd St Location surrounded by some of Los Angel's Best tenants in a densely populated area where single family homes start at 1.5 million and luxury apartments start at $2,500 per month. Located down the street from the World Famous Grove and the new Regency luxury apartment project. Youth Academy of Dramatic Arts (YADA) (https://yada.org/) occupies over 90% of the building and has occupied the building for over 25 years. YADA is an institution in Los Angeles and has recently extended their lease for an additional 5 years.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,376 SF
Building Class
C
Year Built
1952
Price
$6,500,000
Price Per SF
$693
Cap Rate
7%
NOI
$455,000
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.66
Land Acres
0.13 AC
Zoning
LAC2 - Commercial
Parking
4 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
50 FT on West 3rd Street
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Contact agent for more details
| Space | Size | Space Use | Position | Available |
| 1st Floor | 920 SF | Retail | - | Now |
1st Floor
| Size |
| 920 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 920 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Contact agent for more details
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5511-021-025 | Total Assessment | $1,952,404 (2024) |
| Land Assessment | $976,202 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $976,202 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5511-021-025
Land Assessment
$976,202 (2024)
Improvements Assessment
$976,202 (2024)
Total Assessment
$1,952,404 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
-
David Aschkenasy -
Commercial Asset Group (CAG)
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8115-8117 W 3rd St
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