Multi-Building Flex Industrial
For Sale
Contact for pricing
14229 Oxnard St, Los Angeles, CA 91401
Five buildings combine warehouse and office areas with loading access and on-site parking.
Property Size14,537 SF
Lot Size0.57 Acres
Price / SF$261.40
Days on Market157
Property Features for 14229 Oxnard St
General Information
Standard status
Active
Size
14,537 SF
Class
C
Lot size
0.57 Acres
Property subtype
Industrial, Mixed Use
Zoning
M2-1
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$217,188
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
15 ft
Cold Storage
No
Building Details
Year Built
1946
Buildings
5
Units
6
Tenancy
Multi
Listing Agency:
Brandolino Group
(661) 964-1600
Listed By:
Jeff Brandolino · License #01259914
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 5:11AM
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 Brandolino Group
Investment Insights
Based on property information with market context.
This flex space property comprises five industrial buildings across four contiguous parcels totaling approximately 24,846 SF. The improvements combine warehouse and office areas, multiple loading doors, clear heights ranging from approximately 11 to 15 feet, and on-site parking. The property is zoned M2-1 and provides block-to-block access between Oxnard Street and Aetna Street.
Located at 14229 Oxnard St in Los Angeles, the compound sits across from the Metro Orange Line transit corridor and is minutes from Van Nuys Boulevard, the 101, 405, and 170 freeways. The improvements were built in 1946, offering an established industrial configuration within the San Fernando Valley.
Located at 14229 Oxnard St in Los Angeles, the compound sits across from the Metro Orange Line transit corridor and is minutes from Van Nuys Boulevard, the 101, 405, and 170 freeways. The improvements were built in 1946, offering an established industrial configuration within the San Fernando Valley.
Key Highlights
- Five industrial buildings on four contiguous parcels
- Approximately 24,846 SF of land area
- M2‑1 zoning
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
$345,054
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
9.08%
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%
$6,901,080
$6.9M
Cap Rate 7%
$4,929,343
$4.9M
Cap Rate 9%
$3,833,933
$3.8M
Market Conditions
NOI Build-Up for 14,537 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
$565.2K $38.88/SF
− Vacancy
−$105.1K −$7.23/SF
EGI
$460.1K $31.65/SF
− OpEx
−$115.0K −$7.91/SF
NOI
$345.1K $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%
$6,901,080
Cap Rate 7%
$4,929,343
Cap Rate 9%
$3,833,933
Alternative Uses
Best Use
Office B
$4.93M
$4.31M – $5.75M
NOI $345,054 @ 7.0% cap · market cap 9.08%
Second Best
Warehouse
$3.13M
$2.74M – $3.65M
NOI $219,284 @ 7.0% cap · market cap 5.77%
Theoretical Best
Multifamily LT 5
$294.51M
$257.70M – $343.60M
NOI $20,615,762 @ 7.0% cap · market cap 542.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,004
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Five buildings combine warehouse and office areas with loading access and on-site parking.
Where is this flex space located?
The property is located at 14229 Oxnard St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Five industrial buildings on four contiguous parcels; Approximately 24,846 SF of land area; M2‑1 zoning
