8115-8117 W 3rd St 9,376 SF 100% Leased Retail Building Los Angeles, CA 90048 $9,264,840 CAD ($988.14 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,376 SF
Building Class
C
Year Built
1952
Price
$9,264,840 CAD
Price Per SF
$988.14 CAD
Cap Rate
7%
NOI
$648,539 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.66
Lot Size
0.13 AC
Zoning
LAC2 - Commercial
Parking
4 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
50’ on West 3rd Street
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5511-021-025 | Total Assessment | $2,779,540 CAD (2024) |
| Land Assessment | $1,389,770 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,389,770 CAD (2024) | Tax Year | 2025 |
