Creative Commercial Building with
For Sale
$849,000
119 S Bixel St, Los Angeles, CA 90026
Vacant creative commercial building with lofts in vibrant location.
Property Size1,032 SF
Price / SF$822.67
Days on Market255
Property Features for 119 S Bixel St
General Information
Standard status
Active
Size
1,032 SF
Property subtype
Office
Listing Agency:
NAI Capital Commercial Inc.
(310) 406-9110
Listed By:
Tim Steuernol · License #CalDRE #01742766
(310) 406-9110
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 2 at 6:59AM
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 NAI Capital Commercial Inc.
Investment Insights
Based on property information with market context.
This vacant creative commercial building offers 1,032 square feet of space, featuring three offices with lofts, two bathrooms, and a kitchen. The property is situated on a 1,511 square foot C2 lot and includes parking space for one to two cars. It has frontage on 1st Street and is located in a vibrant growth area, minutes from Echo Park, Silver Lake, and Downtown Los Angeles. The surrounding area features trendy restaurants, cafes, nightlife, sports and music venues, and numerous retailers. Local parks and schools are also nearby. Excellent public transportation options are available, with the Metro B Line approximately a 10-minute walk away, providing access to key areas of Los Angeles. The building also includes washer/dryer hookups.
Key Highlights
- Vacant 1,032 sq ft creative commercial building in a vibrant growth area.
- Located minutes from Echo Park, Silver Lake, and Downtown Los Angeles.
- Three spacious offices with lofts.**
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.1k | $38.88 |
| − Vacancy | −$7.5k | −$7.23 |
| EGI | $32.7k | $31.65 |
| − OpEx | −$8.2k | −$7.91 |
| NOI | $24.5k | $23.74 |
1,032 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.91M
$18.29M – $24.39M
NOI $1,463,539 @ 7.0% cap · market cap 172.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Vacant creative commercial building with lofts in vibrant location.
Where is this creative space located?
The property is located at 119 S Bixel St Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Vacant 1,032 sq ft creative commercial building in a vibrant growth area.; Located minutes from Echo Park, Silver Lake, and Downtown Los Angeles.; Three spacious offices with lofts.**
