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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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,410 SF
Year Built
1948
Price
$5,295,000
Price Per SF
$629.61
Cap Rate
5.82%
NOI
$308,315
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
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100

Nearby Major Retailers

CrossFit
Starbucks
Trader Joe's
Wells Fargo
Chase Bank
Citi
Flame Broiler
IHOP
Bank of America
Ralphs

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 4123-003-024
  • 4123-003-025
Land Assessment
$2,334,657
Improvements Assessment
$848,965
Total Assessment
$3,183,622
  • Listing ID: 39647865

  • Date on Market: 3/3/2026

  • Last Updated:

  • Address: 6229-6235 W 87th St, Los Angeles, CA 90045

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