646-654 N Spring St, Los Angeles, CA
Standalone creative office building available for purchase.
- Added:
- Jun 14, 2024
- Days on Market:
- 727
- Last Refresh:
- May 20 at 8:04 pm
Property Features for 646-654 N Spring St
General Information
- Standard status
- Active
- Size
- 19,625 SF
- Lot size
- 0.17 Acres
- Property subtype
- OFFICE
Listing agent T.C. Macker License #CA 01232033
Listing office WESTMAC Commercial Brokerage Company (310) 478-7700
Listing date Jun 14, 2024
Source Moodyscre
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 WESTMAC Commercial Brokerage Company
HighLights
- Standalone creative office building
- For sale
- Office building
- Creative property
- Standalone property
- Property
Overview
Local 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 | $763.0k | $38.88 |
| − Vacancy | −$141.9k | −$7.23 |
| EGI | $621.1k | $31.65 |
| − OpEx | −$155.3k | −$7.91 |
| NOI | $465.8k | $23.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.238
- Latitude
- 34.0586
