Freeway Visible Arts District
For Sale
$8,250,000
1202-1210 Mateo Street, Los Angeles, CA 90021
Freeway visible building with fenced parking in Arts District.
Property Size21,124 SF
Price / SF$390.55
Days on Market203
Property Features for 1202-1210 Mateo Street
General Information
Standard status
Active
Size
21,124 SF
Property subtype
Industrial
Building Details
Building Size
21,124 SF
Year Built
1924
Properties For Sale
at 1202-1210 Mateo Street
Available Space
Not For Lease
Size
21,124 SF
Listing Agency:
Los Angeles
Listed By:
David Freitag · License #CA #00855673
(213) 270-2235
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:02PM
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 Los Angeles
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, containing 21,124 square feet, is a free-standing building with fenced and gated parking. The property is located adjacent to the Arts District and offers freeway visibility. It is currently 100% leased as an investment property. All information should be verified for accuracy.
Key Highlights
- 100% Leased Investment opportunity.
- Free Standing Building.
- Fenced & Gated Parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,415
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,248,300
$5.2M
Cap Rate 7%
$3,748,786
$3.7M
Cap Rate 9%
$2,915,722
$2.9M
Market Conditions
NOI Build-Up for 21,124 SF
Gross rent
$400.5K $18.96/SF
− Vacancy
−$25.6K −$1.21/SF
EGI
$374.9K $17.75/SF
− OpEx
−$112.5K −$5.32/SF
NOI
$262.4K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,248,300
Cap Rate 7%
$3,748,786
Cap Rate 9%
$2,915,722
Alternative Uses
Best Use
Industrial
$3.75M
$3.28M – $4.37M
NOI $262,415 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$427.96M
$374.46M – $499.29M
NOI $29,957,169 @ 7.0% cap · market cap 363.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,877
Businesses Nearby
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Industrial property - Freeway visible building with fenced parking in Arts District.
Where is this industrial property located?
The property is located at 1202-1210 Mateo Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: 100% Leased Investment opportunity.; Free Standing Building.; Fenced & Gated Parking.
