Flexible Industrial Asset Near Arts
For Sale
Contact for pricing
1410-1412 Elwood St, Los Angeles, CA 90021
Well-located industrial asset suitable for warehouse, distribution, or creative uses.
Property Size9,713 SF
Price / SF$175.02
Days on Market186
Property Features for 1410-1412 Elwood St
General Information
Standard status
Active
Size
9,713 SF
Property subtype
Industrial, Mixed Use
Zoning
LF1; [LF1-WH1-6] [I2-N]
Building Details
Year Built
1962
Listing Agency:
Dornin Realty Company
(213) 627-0007
Listed By:
Mark Whitman · License #CA 00918875
Source:
Crexi
Added: Feb 11
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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
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 = 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
$120,661
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
7.10%
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%
$2,413,220
$2.4M
Cap Rate 7%
$1,723,729
$1.7M
Cap Rate 9%
$1,340,678
$1.3M
Market Conditions
NOI Build-Up for 9,713 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
$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 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%
$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
NOI $120,661 @ 7.0% cap · market cap 7.10%
Second Best
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,042 @ 7.0% cap · market cap 6.59%
Theoretical Best
Multifamily LT 5
$196.78M
$172.18M – $229.58M
NOI $13,774,568 @ 7.0% cap · market cap 810.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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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.
