Listed by Matthews
$4,600,000
Wilshire Borgata - Suites 101-106 (Retail Condos)
Details
Property Type Retail
Sub Type Storefront, Restaurant
Square Footage 9,785
Units 6
NOI $220,425
Occupancy 83%
Tenancy Multi
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $275,956
Price per SqFt $470
Year Built 1996
Year Renovated 2008
Zoning LAC2
Investment Type Core
Tenant Credit No Credit Rating
Ground Lease No
Class A Retail Condos - Prime West LA Investment
Investment highlights
- Prime Wilshire Boulevard Frontage – Strategically positioned along Wilshire Boulevard—one of Los Angeles’ most prestigious and heavily trafficked commercial corridors—the property benefits from exceptional visibility, prominent frontage, and exposure to over 45,000 vehicles per day. Its location provides direct access to affluent Westside neighborhoods, including Brentwood, Santa Monica, and Westwood.
- Institutional-Quality Asset – Part of a Class A mixed-use development, the retail premises benefit from modern design, high construction standards, and enduring asset quality, contributing to long-term tenant appeal and operational stability.
- Affluent Surrounding Demographics – The property is surrounded by some of Los Angeles’ most affluent residential neighborhoods, characterized by high household incomes and strong consumer spending. The dense mix of residential and daytime office populations supports sustained retail demand throughout all hours.
- Excellent Accessibility & Walkability – Located near the 405 and 10 Freeways with immediate access to major public transit lines along Wilshire Boulevard, the site offers excellent regional connectivity. Its walkable environment is bolstered by surrounding residential density and complimentary amenities including restaurants, fitness studios, and boutique retailers.
- Attractive Value-Add Opportunity – The property offers in-place income with meaningful upside through lease-up of the vacant suite and the opportunity to increase revenue over time by bringing select below-market rents closer to market upon rollover. The vacancy also creates a potential owner-user opportunity in a highly sought-after West Los Angeles corridor.
- Strong Westside Retail Market Dynamics – Located within the supply-constrained West Los Angeles retail submarket, the asset benefits from low vacancy rates and robust tenant demand. Limited new retail development further supports rent growth and long-term tenant retention.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$220,425.00
$18,368.75/mo
Valuation Metrics
0
DSCR
4.79%
Cap Rate
4.79%
ROI
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