1319-1321 W 11th St, Los Angeles, CA 90015

Building Details

Construction exposed brick and wooden bow truss More

Listing Agency: Urbanlime Real Estate

Listed By: Zoey Granott · License #01916786

Source: Crexi

Added: Sep 18 Changed: Oct 25 Last Checked: Nov 8 at 8:33AM

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Investment Insights

Based on property information with market context.

This 12,544-square-foot office property comprises two 6,272-square-foot units, with surface parking serving the building. Exposed brick and wood bow-truss construction distinguish the interiors. One unit is expected to be delivered vacant; the other is occupied by Midway Group. The property is offered fee simple and may suit office, showroom, or comparable uses.

The building sits near the meeting point of HWY 110 and HWY 10, with access to HWY 101 and Interstate 5. Olympic Blvd, Pico Blvd, Venice Blvd, DTLA, Crypto.com Arena, and LA Live are identified in the surrounding area; the arena and LA Live are within walking distance.

Key Highlights

• 12,544 SF across two 6,272 SF units
• 1321 W 11th St will be delivered vacant; Midway Group occupies 1319 W 11th St
• Surface parking serves the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$297,747

Cap Rate

4.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,954,940 $6.0M

Cap Rate 7%

$4,253,529 $4.3M

Cap Rate 9%

$3,308,300 $3.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,544 SF

Gross rent

$487.7K $38.88/SF

− Vacancy

−$90.7K −$7.23/SF

EGI

$397.0K $31.65/SF

− OpEx

−$99.2K −$7.91/SF

NOI

$297.7K $23.74/SF

Area

Los Angeles, CA

Vacancy

18.60%

Lease Rate

$38.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,954,940

Cap Rate 7%

$4,253,529

Cap Rate 9%

$3,308,300

Alternative Uses

Best Use

Office B

$4.25M

$3.72M – $4.96M (±1% cap)

NOI $297,747 @ 7.0% cap · market cap 4.96%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.24M

$4.58M – $6.11M (±1% cap)

NOI $366,609 @ 7.0% cap · market cap 6.11%

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

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service Veterinary Clinic Adult Day Care Buffet Tanning Salon

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

Lease Details

2

Office units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

7,532

Businesses Nearby

Explore this area Business Placement

Demographics for 90015, CA

27,324

Population

14,635

Households

1.9

Avg Household Size

34

Median Age

48%

College-Educated

79%

High-School Grad

1.7 sq mi

ZIP Area

16,073

Density / Sq Mi

$63,211

Median Household Income

$47,819

Median Earnings

$2,385

Median Rent

$1,000,800

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Los Angeles, CA

$553 Jul

$476 Aug

$545 Sep

$638 Oct

Properties on Market for Office buildings in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - One suite is slated for vacant delivery, while the other is occupied by Midway Group.

Where is this office building located?

The property is located at 1319-1321 W 11th St Los Angeles, CA.

What is the asking price?

The asking price for this property is $5,999,000.

What are key features of this property?

This property features: 12,544 SF across two 6,272 SF units; 1321 W 11th St will be delivered vacant; Midway Group occupies 1319 W 11th St; Surface parking serves the property