Listing Agency: Newmark Show Phone

Listed By: Brent Koo · License #01915382 Show Phone

Source: Moodyscre

Added: Apr 17, 2025 Changed: Oct 13 Last Checked: Oct 23 at 11:20AM

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Investment Insights

Based on property information with market context.

This industrial condo offers flex space functionality for a range of industrial uses. The unit is equipped with a sprinkler system and central air conditioning and heating for climate control. A secured, remote-controlled gate supports controlled access, and the property includes an indoor parking space.

The property is located at 3431–3499 S Main St in Los Angeles, CA 90007.

As an industrial condo, the space is designed for practical day-to-day operations, combining building systems and controlled access with indoor parking.

Key Highlights

• Industrial condo equipped with a sprinkler system
• Central A/C and heating for year‑round climate control
• Secured, remote‑controlled gate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,193

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$863,860 $863.9K

Cap Rate 7%

$617,043 $617.0K

Cap Rate 9%

$479,922 $479.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,477 SF

Gross rent

$65.9K $18.96/SF

− Vacancy

−$4.2K −$1.21/SF

EGI

$61.7K $17.75/SF

− OpEx

−$18.5K −$5.32/SF

NOI

$43.2K $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%

$863,860

Cap Rate 7%

$617,043

Cap Rate 9%

$479,922

Alternative Uses

Best Use

Industrial

$617.0K

$539.9K – $719.9K (±1% cap)

NOI $43,193 @ 7.0% cap · market cap 4.55%

Second Best

Flex RnD

$573.0K

$501.4K – $668.5K (±1% cap)

NOI $40,108 @ 7.0% cap · market cap 4.23%

Theoretical Best

Multifamily LT 5

$70.44M

$61.64M – $82.18M (±1% cap)

NOI $4,930,935 @ 7.0% cap · market cap 519.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Accounting Firm HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,525

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 90007, CA

40,944

Population

14,153

Households

2.9

Avg Household Size

28

Median Age

29%

College-Educated

63%

High-School Grad

2.4 sq mi

ZIP Area

17,060

Density / Sq Mi

$36,032

Median Household Income

$21,176

Median Earnings

$1,480

Median Rent

$852,900

Median Home Value

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial condo featuring a sprinkler system, central heating and air, and a secured remote-controlled gate.

Where is this flex space located?

The property is located at 3431-3499 S Main St Los Angeles, CA.

What is the asking price?

The asking price for this property is $949,000.

What are key features of this property?

This property features: Industrial condo equipped with a sprinkler system; Central A/C and heating for year‑round climate control; Secured, remote‑controlled gate