Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    650 E 16Th St Los Angeles, CA 90015

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,511,000

    Clean, maintained industrial/flexible space with fenced parking. Owner-user opportunity.

    Property size:
    31,000 SF
    Lot size:
    1.19 Acres

    Property Features for 650 E 16Th St

    General Information

    Size
    31,000 SF
    Lot size
    1.19 Acres

    We can help!

    Listing Contact
    Sehyung Kim
    Source: Moodyscre

    Listing Agency: Lee & Associates Listing Agent: Sehyung Kim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Functional Industrial/Flexible Space Available

    This industrial/flexible space presents an owner-user purchase opportunity. The property, which has been maintained, features fenced parking. It is situated on a long-term ground lease from Cal Trans with a minimal lease rate. The property has not been on the market in over 20 years. The property size is 31000 square feet.
    Location Intelligence

    Current Use by Public Records

    RAREHOUSE Art Gallery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    El Guero Food truck, Four Seasons Catering, Caters 4 you, Green Grace LA, Picky Doggy Food Trucks

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.256703
    Latitude
    34.03023

    Nearby Similar for Sale

    • $3,099,999
      6,845 SF

      New Construction Fourplex in Mid-City

      Fully leased, high-end fourplex near Culver City and West Adams.
      1636 Longwood Ave, Los Angeles, CA 90019
      View Details
    • New
      $1,795,000
      2,458 SF

      Renovated Eagle Rock Multifamily Property

      Pristine, renovated duplex near Occidental College with income potential.
      1621 Campus Rd, Los Angeles, CA 90041
      View Details
    • $2,575,000
      4,288 SF

      Renovated Duplex in South Hancock

      Turnkey Los Angeles duplex with modern luxury and timeless architecture.
      1245 S Hudson Ave, Los Angeles, CA 90019
      View Details
    • $1,779,000
      5,218 SF

      New Triplex in Central Los Angeles

      Contemporary triplex near freeways, stadiums, and arenas.
      232 E Gage Ave, Los Angeles, CA 90003
      View Details
    • $2,799,000
      7,961 SF

      New Los Angeles Quadruplex Opportunity

      Modern 4-unit property near Downtown Los Angeles with excellent income.
      300 E 25Th St, Los Angeles, CA 90011
      View Details
    • $1,250,000
      1,832 SF

      Charming Spanish-Style Duplex in Los Angeles

      Beautifully preserved duplex with indoor-outdoor living in Glassell Park.
      4526 Verdugo Rd, Los Angeles, CA 90065
      View Details
    • New
      $1,899,000
      3,896 SF

      Remodeled Fourplex in Hollywood Submarket

      Renovated fourplex near LACC, fully leased with stable income.
      801 N Alexandria Ave, Los Angeles, CA 90029
      View Details
    • New
      $2,950,000
      2,900 SF

      Venice Beach Multifamily Investment Opportunity

      Rare 4-unit Venice property with beach access and strong rental history.
      12 E 27Th Ave, Venice, CA 90291
      View Details
    • New
      $2,345,000
      5,927 SF

      Contemporary Los Angeles Fourplex

      Fourplex with modern amenities, near Downtown Los Angeles and USC.
      1348 E Vernon Ave, Los Angeles, CA 90011
      View Details
    • New
      $1,999,999
      3,700 SF

      Charming Duplex in Longwood Highlands

      Majestic duplex with renovated units, income potential, and prime location.
      1306 S Longwood Ave, Los Angeles, CA 90019
      View Details
    • $2,149,000
      4,122 SF

      Modern Duplex with Rooftop Deck

      Luxury duplex with views, modern amenities, and convenient location.
      2419 S Cochran Ave, Los Angeles, CA 90016
      View Details
    • $2,250,000
      2,923 SF

      Silver Lake Triplex with Views

      Spanish-style triplex in Silver Lake with reservoir views.
      1915 Apex Ave, Los Angeles, CA 90039
      View Details

    FAQs

    What type of property is this?
    Flex space - Clean, maintained industrial/flexible space with fenced parking. Owner-user opportunity.
    Where is this flex space located?
    The property is located at 650 E 16Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,511,000.
    What are key features of this property?
    This property features: - Long Term Ground Lease from Cal Trans - Minimal Lease Rate; - Very Clean, Functional, Maintained Industrial/Flexible Space; - **Amazing Owner-User Purchase Opportunity**
    (213) 290-3599
    Request Owner's contact information
    650 E 16Th St Los Angeles, CA 90015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    650 E 16Th St
    Los Angeles, CA 90015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    650 E 16Th St Los Angeles, CA 90015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sehyung Kim
    (213) 290-3599
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.