Downtown Los Angeles Retail/Industrial
For Sale
$2,300,000
1424 Main Street, Los Angeles, CA 90015
Prime Downtown Los Angeles industrial/retail property for sale.
Property Size6,468 SF
Price / SF$355.60
Days on Market197
Property Features for 1424 Main Street
General Information
Standard status
Active
Size
6,468 SF
Property subtype
Retail
Listing Agency:
CBRE - Downtown Los Angeles
Listed By:
Derrick Moore · License #01029938
(213) 613-3334
Source:
Cbre
Added: Mar 25
Changed: Sep 30
Last Checked: Oct 7 at 9:37AM
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 CBRE - Downtown Los Angeles
Investment Insights
Based on property information with market context.
This industrial/retail property is located in Downtown Los Angeles. The property offers high visibility for both vehicles and pedestrians. It is situated in a location with a strong business community. The property is suitable for manufacturing or retail use. The property size is 6,468 square feet. The surrounding area features new residential developments within a few blocks. This property presents an opportunity for either an owner-user or an investment.
Key Highlights
- Prime Downtown Los Angeles (DTLA) location
- High visibility for vehicles and pedestrians
- Excellent industrial/retail property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,104
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,002,080
$3.0M
Cap Rate 7%
$2,144,343
$2.1M
Cap Rate 9%
$1,667,822
$1.7M
Market Conditions
NOI Build-Up for 6,468 SF
Gross rent
$239.1K $36.96/SF
− Vacancy
−$24.6K −$3.81/SF
EGI
$214.4K $33.15/SF
− OpEx
−$64.3K −$9.95/SF
NOI
$150.1K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,002,080
Cap Rate 7%
$2,144,343
Cap Rate 9%
$1,667,822
Alternative Uses
Best Use
Retail
$2.14M
$1.88M – $2.50M
NOI $150,104 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$131.04M
$114.66M – $152.88M
NOI $9,172,646 @ 7.0% cap · market cap 398.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,941
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime Downtown Los Angeles industrial/retail property for sale.
Where is this retail space located?
The property is located at 1424 Main Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime Downtown Los Angeles (DTLA) location; High visibility for vehicles and pedestrians; Excellent industrial/retail property
