Renovated Two-Story Flex
For Sale
Contact for pricing
1327-1329 Willow St, Los Angeles, CA 90013
Leased flex property with full heating and air conditioning, kitchen facilities, and distinctive brick interior finishes.
Property Size11,200 SF
Price / SF$397.32
Days on Market12
Property Features for 1327-1329 Willow St
General Information
Standard status
Active
Size
11,200 SF
Property subtype
INDUSTRIAL
Additional Details
Cap Rate
5.75%
Amenities
Kitchen
Hardwood Floors on Second Floor
Building Details
Stories
2
Construction
brick
Listing Agency:
Metro Resources, Inc.
(213) 687-9600
Listed By:
Stephen Allwright
(310) 365-4268
Source:
Moodyscre
Added: Sep 1
Changed: Sep 11
Last Checked: Sep 11 at 2:35PM
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 Metro Resources, Inc.
Investment Insights
Based on property information with market context.
This renovated two-story flex building contains 11,200 square feet and combines office and industrial characteristics. The fully heated and air-conditioned property includes a kitchen, hardwood flooring on the second level, and exposed sandblasted brick walls and ceilings. These interior elements provide a distinctive finish while supporting flexible commercial use.
Positioned in Los Angeles’ Arts District at 1327-1329 Willow St, the property is leased and offered as an investment with a 5.75% CAP. Its two-story configuration and blend of office, flex, and industrial features distinguish it from a conventional office building.
Positioned in Los Angeles’ Arts District at 1327-1329 Willow St, the property is leased and offered as an investment with a 5.75% CAP. Its two-story configuration and blend of office, flex, and industrial features distinguish it from a conventional office building.
Key Highlights
- 11,200‑square‑foot renovated two‑story flex building
- Fully air‑conditioned and heated throughout
- Leased investment with a 5.75% CAP
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
$265,846
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
5.97%
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%
$5,316,920
$5.3M
Cap Rate 7%
$3,797,800
$3.8M
Cap Rate 9%
$2,953,844
$3.0M
Market Conditions
NOI Build-Up for 11,200 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
$435.5K $38.88/SF
− Vacancy
−$81.0K −$7.23/SF
EGI
$354.5K $31.65/SF
− OpEx
−$88.6K −$7.91/SF
NOI
$265.8K $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%
$5,316,920
Cap Rate 7%
$3,797,800
Cap Rate 9%
$2,953,844
Alternative Uses
Best Use
Office B
$3.80M
$3.32M – $4.43M
NOI $265,846 @ 7.0% cap · market cap 5.97%
Second Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,133 @ 7.0% cap · market cap 3.13%
Theoretical Best
Multifamily LT 5
$226.91M
$198.54M – $264.72M
NOI $15,883,369 @ 7.0% cap · market cap 356.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,006
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90013, CA
15,589
Population
10,143
Households
1.5
Avg Household Size
43
Median Age
39%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
22,270
Density / Sq Mi
$32,848
Median Household Income
$54,250
Median Earnings
$1,161
Median Rent
$786,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Leased flex property with full heating and air conditioning, kitchen facilities, and distinctive brick interior finishes.
Where is this flex space located?
The property is located at 1327-1329 Willow St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 11,200‑square‑foot renovated two‑story flex building; Fully air‑conditioned and heated throughout; Leased investment with a 5.75% CAP
