Creative/Flex Building in Los
11751 Mississippi Ave, Los Angeles, CA 90025
For Sale
Contact for pricing
Multi-unit creative/flex building near Riot Games headquarters.
Property Size10,094 SF
Lot Size0.36 Acres
Price / SF$589.46
Days on Market449
Property Features for 11751 Mississippi Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Lee & Associates - Los Angeles - West
Listed By:
Aleks Trifunovic, SIOR · License CA #01363109
(310) 753-0653
Source:
Crexi
Added: Aug 20, 2025
Changed: Nov 10
Last Checked: Nov 10 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Los Angeles - West
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Investment Insights
Based on property information with market context.
The property at 11751 Mississippi Avenue, Los Angeles, CA 90025, presents an opportunity to acquire a multi-unit creative/flex building. Constructed in the late 1940s, the building encompasses approximately 10,094 square feet and is situated on a 15,682 square foot lot, which includes a surface parking lot with 14 spaces. The property has been recently used as creative office and flex space. It combines mid-century and factory-style elements, creating a sense of volume throughout. The location is between Riot Games headquarters and the Olympic Corridor, with convenient freeway access and walking distance to the Bundy Expo Line station. This property is suitable for both owner-users and investors, offering possibilities for occupancy, partial occupancy, or investment with updated units. Its proximity to West Los Angeles and Sawtelle amenities, restaurants, nightlife, and multiple light rail stops, positions it as a long-term value-add opportunity.
Key Highlights
- Creative/flex building with +/-10,094 SF on +/-15,682 SF of land.
- 14 parking spaces included.
- Combination of mid‑century and factory‑style elements creating a sense of volume.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,594
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,791,880
$4.8M
Cap Rate 7%
$3,422,771
$3.4M
Cap Rate 9%
$2,662,156
$2.7M
Market Conditions
NOI Build-Up for 10,094 SF
Gross rent
$392.5K $38.88/SF
− Vacancy
−$73.0K −$7.23/SF
EGI
$319.5K $31.65/SF
− OpEx
−$79.9K −$7.91/SF
NOI
$239.6K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,791,880
Cap Rate 7%
$3,422,771
Cap Rate 9%
$2,662,156
Alternative Uses
Best Use
Office B
$3.42M
$2.99M – $3.99M
NOI $239,594 @ 7.0% cap · market cap 4.03%
Second Best
Mixed Use
$2.92M
$2.56M – $3.41M
NOI $204,404 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$4.21M
$3.69M – $4.92M
NOI $295,006 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,971
Businesses Nearby
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Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-unit creative/flex building near Riot Games headquarters.
Where is this mixed-use property located?
The property is located at 11751 Mississippi Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Creative/flex building with +/-10,094 SF on +/-15,682 SF of land.; 14 parking spaces included.; Combination of mid‑century and factory‑style elements creating a sense of volume.
