8121-8129 W 3rd St 3,567 SF 100% Leased Retail Building Los Angeles, CA 90048 $9,300,000 ($2,607.23/SF) 5.12% Cap Rate

8121–8129 W. 3rd Street presents a rare opportunity to acquire a fully leased, multi-tenant retail asset in one of Los Angeles’s most vibrant commercial corridors. Located just west of Fairfax Avenue and steps from The Grove and the Original Farmers Market, this ±3,567 SF building sits on ±8,719 SF of land and benefits from exceptional visibility and foot traffic. The property has been recently renovated and is 100% occupied by four national and boutique tenants—Warby Parker, Oak & Poppy, Palms & Patties, and Framebridge—on triple-net leases, offering stable income and minimal landlord responsibilities.
Positioned in a high-income, densely populated area, the asset is surrounded by a dynamic mix of retail, dining, and entertainment destinations. The site enjoys approximately 40 feet of frontage along Melrose Avenue and includes 13 on-site parking spaces. With a net operating income of $476,499 and a 5.0% cap rate, this property is ideal for investors seeking a passive, low-management asset with long-term upside. The location offers seamless access to Beverly Boulevard, Fairfax Avenue, and the 10 and 405 freeways, ensuring strong connectivity across Los Angeles.