424-401-9500
3451 W 6th St, Los Angeles, CA for Sale
Storefront Retail/Office - FOR SALE
1/5
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3451 W 6th St
Los Angeles, CA 90020
Koreatown


HIGHLIGHTS

  • High Performing Tenancy with Strong Sales - Average Restaurant Sales Exceeding $1,300 PSF
  • High-Visibility Urban Corridor with Proven Consumer Traffic
  • Irreplaceable and Iconic
  • Vibrant Dining and Nightlife Destination in Koreatown
  • Dense, Growing and Affluent Trade Area
  • Significant Value-Add Opportunities

OVERVIEW

Northmarq’s National Shopping Center Group is pleased to exclusively offer the opportunity to acquire Chapman Market (the “Property”), an iconic 41,241-square-foot historic retail center with significant on-site parking located in the heart of supply-constrained Koreatown. Chapman Market is known in the region as the Dining and Entertainment hub of Koreatown. Defined by its Spanish Revival architecture, the Property is designated as a Los Angeles Historic-Cultural Monument and stands apart from surrounding high-rise development as an irreplaceable urban infill retail investment in one of Los Angeles’ most supply-constrained submarkets. Strategically positioned along 6th Street (27,010 VPD) between South Alexandria and South Kenmore, Chapman Market features a curated mix of destination dining and retail tenants, including Michelin-recognized restaurants Quarters Korean BBQ and Danbi, a contemporary Korean concept. As a result, the Property commands the highest retail rents in all of Koreatown. Coming soon is another tenant that will further bolster the roster—Hue by Mama Lion. Backed by a multi-million-dollar build-out, the private club is designed to deliver an intimate, highly curated environment featuring refined seating, social/dining, and a sophisticated craft cocktail program tailored to an elite clientele of celebrities, entertainment and sports figures, business leaders, and affluent local patrons. Upon opening, HUE is expected to further reinforce Chapman Market’s position as a premier dining and entertainment destination in Koreatown. Together with KazuNori, Starbucks, and the center’s broader tenant mix, Chapman Market attracts tremendous local and regional demand, reflected in approximately 740,000 customer visits in 2025, according to Placer.ai, and supported by exceptional tenant sales performance.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chapman Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C2

APN/PARCEL ID

5502-020-001,5502-020-016

ASK ABOUT THIS PROPERTY

Bryan LeyNorthmarqMore Info
424-401-9500

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Bryan LeyNorthmarqMore Info
424-401-9500

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