1410-1412 Elwood St, Los Angeles, CA 90021

Building Details

Year Built 1962 More

Listing Agency: Dornin Realty Company

Listed By: Mark Whitman · License CA #00918875 Show Phone

Source: Crexi

Added: Feb 11 Changed: Aug 14 Last Checked: Aug 14 at 7:24AM

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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 Dornin Realty Company

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Investment Insights

Based on property information with market context.

This property offers a flexible industrial asset situated just east of the Arts District core. The property is suitable for warehouse, distribution, creative production, or specialized industrial uses. The building has a size of 9713 square feet.

Key Highlights

• Well‑located industrial asset.
• Flexible space suitable for warehouse, distribution, creative production, or specialized industrial uses.
• Located just east of the Arts District core.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$120,661

Cap Rate

7.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,413,220 $2.4M

Cap Rate 7%

$1,723,729 $1.7M

Cap Rate 9%

$1,340,678 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,713 SF

Gross rent

$184.2K $18.96/SF

− Vacancy

−$11.8K −$1.21/SF

EGI

$172.4K $17.75/SF

− OpEx

−$51.7K −$5.32/SF

NOI

$120.7K $12.42/SF

Area

Los Angeles, CA

Vacancy

6.40%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,413,220

Cap Rate 7%

$1,723,729

Cap Rate 9%

$1,340,678

Alternative Uses

Best Use

Industrial

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,661 @ 7.0% cap · market cap 7.10%

Second Best

Flex RnD

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,042 @ 7.0% cap · market cap 6.59%

Theoretical Best

Office A

$4.06M

$3.55M – $4.73M (±1% cap)

NOI $283,871 @ 7.0% cap · market cap 16.70%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Veterinary Clinic

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

2,186

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90021, CA

5,192

Population

1,694

Households

3.1

Avg Household Size

46

Median Age

20%

College-Educated

64%

High-School Grad

2.0 sq mi

ZIP Area

2,596

Density / Sq Mi

$32,250

Median Household Income

$35,528

Median Earnings

$984

Median Rent

$1,075,800

Median Home Value

Market

Average Price Trend$/SF for Flex space in Los Angeles, CA

$502 Jul

$444 Aug

$560 Sep

$524 Oct

Properties on Market for Flex space in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Well-located industrial asset suitable for warehouse, distribution, or creative uses.

Where is this flex space located?

The property is located at 1410-1412 Elwood St Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Well‑located industrial asset.; Flexible space suitable for warehouse, distribution, creative production, or specialized industrial uses.; Located just east of the Arts District core.