Gated Flex Space with Outdoor
138 N San Fernando Rd, Los Angeles, CA 90031
For Sale
Contact for pricing
Open-plan commercial space includes secured exterior area and ample power capacity.
Property Size4,844 SF
Price / SF$319.98
Days on Market99
Property Features for 138 N San Fernando Rd
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Listing Agency:
Colliers - Los Angeles - Downtown, California
Listed By:
Mick Moody · License CA #01972547
(213) 532-3257
Source:
Crexi
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 10 at 6:50AM
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 Colliers - Los Angeles - Downtown, California
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Investment Insights
Based on property information with market context.
This 4,844-square-foot flex property, constructed in 1952, offers an open interior layout with adaptability for industrial, creative office, showroom, retail, and mixed-use applications. The building provides ample power capacity for manufacturing, production, technology, and industrial operations. A gated on-site parking area adds secured exterior space that can support parking, outdoor storage, staging, or tenant amenity use.
The property is located at 138 N. San Fernando Rd in Los Angeles’ Lincoln Heights area, with access to Downtown Los Angeles, Pasadena, Glendale, and Northeast Los Angeles. Its position also provides connectivity to major regional transportation corridors. Zoning is Urban Village (CASP), supporting the property’s flexible commercial profile.
The property is located at 138 N. San Fernando Rd in Los Angeles’ Lincoln Heights area, with access to Downtown Los Angeles, Pasadena, Glendale, and Northeast Los Angeles. Its position also provides connectivity to major regional transportation corridors. Zoning is Urban Village (CASP), supporting the property’s flexible commercial profile.
Key Highlights
- 4,844 SF flex property on a 0.11‑acre site
- Open‑floor‑plan configuration for industrial, creative office, showroom, retail, and mixed‑use uses
- Gated on‑site parking area usable for secure outdoor storage or staging
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,978
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,299,560
$2.3M
Cap Rate 7%
$1,642,543
$1.6M
Cap Rate 9%
$1,277,533
$1.3M
Market Conditions
NOI Build-Up for 4,844 SF
Gross rent
$188.3K $38.88/SF
− Vacancy
−$35.0K −$7.23/SF
EGI
$153.3K $31.65/SF
− OpEx
−$38.3K −$7.91/SF
NOI
$115.0K $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%
$2,299,560
Cap Rate 7%
$1,642,543
Cap Rate 9%
$1,277,533
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $114,978 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$1.61M
$1.41M – $1.87M
NOI $112,416 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,570 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Los Angeles, CA
Properties on Market for Flex space in Los Angeles
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Bolovan — 2425 Sichel St, Lincoln Heights, CA 90031
Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial space includes secured exterior area and ample power capacity.
Where is this flex space located?
The property is located at 138 N San Fernando Rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 4,844 SF flex property on a 0.11‑acre site; Open‑floor‑plan configuration for industrial, creative office, showroom, retail, and mixed‑use uses; Gated on‑site parking area usable for secure outdoor storage or staging
