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 Size9,500 SF
Lot Size0.16 Acres
Price / SF$390
Days on Market164
Property Features for 14526 Erwin St
General Information
Standard status
Active
Size
9,500 SF
Lot size
0.16 Acres
Property subtype
Industrial
Building Details
Building Size
9,500 SF
Year Built
1929
Listing Agency:
Century 21 Masters
(855) 732-5500
Listed By:
Scott Pinkerton · License #01338387
Source:
Elliman
Added: Mar 12
Changed: Aug 15
Last Checked: Aug 21 at 9:00AM
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 = 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
$62,113
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
3.19%
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%
$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
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
$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 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%
$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
Property Profile
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
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 - 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.
