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6229-6235 W 87th St
Los Angeles, CA 90045
Retail Property For Sale
Investment Highlights
- Multi-tenant NNN investment with eight tenants and 100% occupancy.
- Approximately 120 feet of frontage along W. 87th Street in a high-traffic corridor.
- Surrounded by established retail, dining, and lifestyle amenities within a walkable neighborhood.
- Recently renovated building offering strong physical condition and curb appeal.
- Located near LAX, I-405, and major employment hubs, ensuring consistent consumer traffic.
- Attractive cap rate with annual rent escalations and options to extend lease terms.
Executive Summary
This offering presents a fully leased, multi-tenant retail investment located at 6229 & 6235 W. 87th Street in the heart of Westchester, one of Los Angeles’ most established and desirable neighborhoods. The property spans approximately 8,410 rentable square feet on a 12,000-square-foot parcel and is configured as a single-story retail strip with eight tenants in place. Featuring a triple net (NNN) lease structure, the asset provides investors with a stable income stream and minimal management responsibilities.
Positioned along a highly trafficked corridor, the property benefits from excellent visibility and approximately 120 feet of frontage on W. 87th Street. Its location offers immediate access to major thoroughfares, including Sepulveda Boulevard and the I-405 freeway, and is less than two miles from Los Angeles International Airport (LAX). The surrounding area is characterized by strong demographics, dense residential neighborhoods, and a robust mix of national and local retailers, including Trader Joe’s, Ralphs, and Bristol Farms.
With a recent renovation, 100% occupancy, and a cap rate of 5.8%, this property represents a compelling opportunity for investors seeking a low-maintenance, income-producing asset in a high-demand submarket.
Positioned along a highly trafficked corridor, the property benefits from excellent visibility and approximately 120 feet of frontage on W. 87th Street. Its location offers immediate access to major thoroughfares, including Sepulveda Boulevard and the I-405 freeway, and is less than two miles from Los Angeles International Airport (LAX). The surrounding area is characterized by strong demographics, dense residential neighborhoods, and a robust mix of national and local retailers, including Trader Joe’s, Ralphs, and Bristol Farms.
With a recent renovation, 100% occupancy, and a cap rate of 5.8%, this property represents a compelling opportunity for investors seeking a low-maintenance, income-producing asset in a high-demand submarket.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,410 SF
Year Built
1948
Price
$7,238,530 CAD
Price Per SF
$860.71 CAD
Cap Rate
5.82%
NOI
$421,482 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.70
Lot Size
0.28 AC
Zoning
LAC2 - Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
10 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
120’ on W 87th St
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,160,578 CAD | |
| Land Assessment | $3,191,593 CAD | Total Assessment | $4,352,171 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,191,593 CAD
Improvements Assessment
$1,160,578 CAD
Total Assessment
$4,352,171 CAD
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