Former Bank of America — Sale in Los Angeles, CA
- Price: $3.8M
- Listing type: For sale
- Asset type: Retail Business
- Location: Los Angeles, CA 90732
- Size: 8,005 SF
Photos
Investment Figures
- Price per square foot
- $475
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Newmark Capital Markets & WestPac Partners is pleased to present to qualified investors the rare opportunity to acquire a core, coastal commercial property positioned for a wide range of value-add or redevelopment possibilities. Located at the convergence of two dynamic coastal communities — Rancho Palos Verdes and San Pedro — the Property consists of 8,005 square feet of improvements situated on over 0.92 acres of land. Previously occupied by a long-standing financial institution, the building is now vacant, offering investors the unique ability to reposition the site. The oversized parcel and strong visibility make it an excellent site for multiple future uses. Given the scarcity of large coastal sites in this submarket, the Property represents a best-in-class redevelopment or re-tenanting opportunity.
Market Context
This retail in Los Angeles, CA is listed for sale at $3,800,000 across 8,005 SF. Compare it against other retail listings for sale in Los Angeles, CA — view the full market.
As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the Greater Los Angeles retail market tightening or softening?
- Vacancy is around 5.6% (Q2 2026).
Estimated Price per SF
$237.99/SF – $1,731/SF
Mid: $721.17/SF
Estimated price for 8,005 SF: $5,772,966 (range $1,905,110 – $13,855,134)
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Kyle Miller · 1310227-0826 · kyle.miller@nmrk.com
- Kyle Miller · 1310227-0826 · kyle.miller@nmrk.com
- Bill Bauman · 1213298-3593 · bill.bauman@nmrk.com
- Mike Grannis · 310-567-1650 · mike@westpacpartners.com
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