Mixed-Use Property Near Van
For Sale
$1,950,000
14526 Erwin St, Los Angeles, CA 91411
Mixed-use property with retail, office, and warehouse space for sale.
Property Size5,000 SF
Lot Size0.16 Acres
Price / SF$390
Days on Market210
Property Features for 14526 Erwin St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.16 Acres
Property subtype
Industrial
Building Details
Building Size
5,000 SF
Year Built
1929
Listing Agency:
Century 21 Masters
Listed By:
Scott Pinkerton · License #01338387
(855) 732-5500
Source:
Elliman
Added: Mar 12
Changed: Oct 1
Last Checked: Oct 7 at 1:26PM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This mixed-use property offers approximately 5,000 square feet of space suitable for office, retail, or warehouse operations. The retail area features vaulted ceilings and polished concrete floors. The property is located approximately 200 feet west of Van Nuys Boulevard and has versatile zoning (LAC2), potentially allowing for multi-residential development. This property presents opportunities for both owner-users and developers.
Key Highlights
- Versatile LAC2 Zoning: Potential for multi‑residential development.
- Prime Location: Situated approximately 200ft west of Van Nuys Blvd.
- Mixed‑Use Property: Approximately 5,000 SF of office/retail and/or warehouse space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,113
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,260
$1.2M
Cap Rate 7%
$887,329
$887.3K
Cap Rate 9%
$690,144
$690.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$94.8K $18.96/SF
− Vacancy
−$6.1K −$1.21/SF
EGI
$88.7K $17.75/SF
− OpEx
−$26.6K −$5.32/SF
NOI
$62.1K $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%
$1,242,260
Cap Rate 7%
$887,329
Cap Rate 9%
$690,144
Alternative Uses
Best Use
Industrial
$887.3K
$776.4K – $1.04M
NOI $62,113 @ 7.0% cap · market cap 3.19%
Second Best
Flex RnD
$823.9K
$721.0K – $961.3K
NOI $57,676 @ 7.0% cap · market cap 2.96%
Theoretical Best
Multifamily LT 5
$101.30M
$88.63M – $118.18M
NOI $7,090,790 @ 7.0% cap · market cap 363.63%
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
3,702
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Similar Off Market Nearby
- Crêpe Claude Monet — 14816 Friar St, Van Nuys, CA 91411
- Level 1 Catering — 14401 gilmore st suite 200, van nuys, ca 91401
- Shake and Smile USA — 14108 Hamlin St, Van Nuys, CA 91401
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use property with retail, office, and warehouse space for sale.
Where is this flex space located?
The property is located at 14526 Erwin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Versatile LAC2 Zoning: Potential for multi‑residential development.; Prime Location: Situated approximately 200ft west of Van Nuys Blvd.; Mixed‑Use Property: Approximately 5,000 SF of office/retail and/or warehouse space.
