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8th St Plaza 3062-3074 W 8th St 6,567 SF 100% Leased Retail Building Los Angeles, CA 90005 $7,455,669 CAD ($1,135.32 CAD/SF) 6.55% Cap Rate
Investment Highlights
- Fully occupied 8-tenant neighborhood retail center in Los Angeles' Koreatown submarket.
- Long-Term Tenants on NNN lease structure.
- Food, service, and daily-needs tenants provide neighborhood-serving uses and diversified income.
- Positioned along a Koreatown commercial corridor near Berendo St with strong local visibility.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
6,567 SF
Building Class
C
Year Built
1980
Price
$7,455,669 CAD
Price Per SF
$1,135.32 CAD
Cap Rate
6.55%
NOI
$488,304 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.29 AC
Zoning
LAC2
Parking
16 Spaces (2.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5094-013-023 | Improvements Assessment | $1,635,093 CAD |
| Land Assessment | $921,580 CAD | Total Assessment | $2,556,673 CAD |
Property Taxes
Parcel Number
5094-013-023
Land Assessment
$921,580 CAD
Improvements Assessment
$1,635,093 CAD
Total Assessment
$2,556,673 CAD
Contacts
-
Kyle Woods -
Mark Ventre -
Len Kay -
Daniel Shieh -
Lyon Stahl Investment Real Estate
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8th St Plaza | 3062-3074 W 8th St
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