Building Details

Stories 2

Construction brick

Listing Agency: Metro Resources, Inc. Show Phone

Listed By: Stephen Allwright Show Phone

Source: Moodyscre

Added: Sep 1 Changed: Oct 25 Last Checked: Oct 26 at 6:00PM

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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.

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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.

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 / Yr

$265,846

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,316,920 $5.3M

Cap Rate 7%

$3,797,800 $3.8M

Cap Rate 9%

$2,953,844 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,200 SF

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 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 (±1% cap)

NOI $265,846 @ 7.0% cap · market cap 5.97%

Second Best

Industrial

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,133 @ 7.0% cap · market cap 3.13%

Theoretical Best

Multifamily LT 5

$226.91M

$198.54M – $264.72M (±1% cap)

NOI $15,883,369 @ 7.0% cap · market cap 356.93%

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

Property Analytics

Current Use

Sewing Arts (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Electrical Service Spa & Massage Center Plumbing Service Pet Grooming Service

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

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

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?

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