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1319-1321 W 11th St, Los Angeles, CA 90015
One suite is slated for vacant delivery, while the other is occupied by Midway Group.
Property Size12,544 SF
Price / SF$478.24
Days on Market7
Property Features for 1319-1321 W 11th St
General Information
Standard status
Active
Size
12,544 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Construction
exposed brick and wooden bow truss
Listing Agency:
Urbanlime Real Estate
Listed By:
Zoey Granott · License #01916786
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 3:00PM
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 Urbanlime Real Estate
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$297,747
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,954,940
$6.0M
Cap Rate 7%
$4,253,529
$4.3M
Cap Rate 9%
$3,308,300
$3.3M
Market Conditions
NOI Build-Up for 12,544 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $297,747 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$254.13M
$222.37M – $296.49M
NOI $17,789,374 @ 7.0% cap · market cap 296.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
