3062-3074 W 8th St - Retail FOR SALE


Los Angeles, CA 90005- Koreatown
$5,300,000 USD
805-208-5266
3062-3074 W 8th St, Los Angeles, CA for Sale
$5,300,000 USD
Retail - FOR SALE
1/12
null | 6.55% Cap Rate

3062-3074 W 8th St
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Fully occupied 8-tenant neighborhood retail center in Los Angeles' Koreatown submarket.
  • Food, service, and daily-needs tenants provide neighborhood-serving uses and diversified income.
  • Long-Term Tenants on NNN lease structure.
  • Positioned along a Koreatown commercial corridor near Berendo St with strong local visibility.

OVERVIEW

8th St Plaza is a fully occupied, 8-tenant neighborhood retail strip center located at 3062-3076 W 8th St in the heart of Los Angeles' Koreatown submarket. The property consists of approximately 6,567 square feet of building area situated on a 12,632 square foot parcel and is improved with two single-story retail buildings, open surface parking, and direct frontage along W 8th St. The asset is leased to a diversified mix of food, service, and daily-needs retail tenants, including Aca Grill, Mochinut, Beauty Salon, Potato Sack, Dog Grooming, Smoke Shop, Korean Restaurant & Wine, and Korean Homemade Candy. The multi-tenant rent roll provides investors with diversified income and reduces exposure to any single tenant or use. The offering is supported by an NNN lease structure and strong in-place annual base rental income of $347,119.68. With 100% occupancy, on-site parking, neighborhood-serving tenancy, and an infill Koreatown location, 8th St Plaza represents an opportunity to acquire a stabilized Los Angeles retail asset with durable local demand and immediate cash flow. The Location 8th St Plaza is located along W 8th St near Berendo St within Koreatown, one of Los Angeles' most active and densely populated urban submarkets. The property is surrounded by a deep base of multifamily housing, restaurants, small businesses, service retailers, and daily-needs amenities, creating a built-in customer base for the center's tenants. Koreatown is known for its high-density residential environment, active food and beverage scene, and strong neighborhood retail demand. The surrounding trade area includes apartments, hospitality, entertainment, professional services, and established retail corridors, all of which support consistent local consumer traffic. The Location: The property benefits from convenient access to key Koreatown and central Los Angeles corridors, including W 8th St, Western Ave, Olympic Blvd, Wilshire Blvd, Vermont Ave, and 6th St. The location also provides connectivity to Downtown Los Angeles, MidWilshire, Westlake, Hollywood, and the broader central Los Angeles market.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$807 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8th St Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

LAC2

APN/PARCEL ID

5094-013-023

ASK ABOUT THIS PROPERTY

Kyle WoodsLyon Stahl Investment Real EstateMore Info
805-208-5266

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Kyle WoodsLyon Stahl Investment Real EstateMore Info
805-208-5266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.