Downtown Los Angeles Retail/Industrial
1424 Main Street Los Angeles, CA 90015
For Sale
$2,300,000
Prime Downtown Los Angeles industrial/retail property for sale.
Property Size6,468 SF
Price / SF$355.60
Days on Market125
Property Features for 1424 Main Street
General Information
Standard status
Active
Size
6,468 SF
Property subtype
Retail
Listing Agency:
CBRE - Downtown Los Angeles
(213) 613-3334
Listed By:
Derrick Moore · License #1029938
(213) 613-3334
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 26 at 5:36AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.1k | $36.96 |
| − Vacancy | −$24.6k | −$3.81 |
| EGI | $214.4k | $33.15 |
| − OpEx | −$64.3k | −$9.95 |
| NOI | $150.1k | $23.21 |
6,468 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
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
Property Profile
Location Intelligence
Current Use
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
