Modern Office/Flex Space
14539 Erwin St, Los Angeles, CA 91411
Creative office/flex space near Van Nuys City Hall.
Type:Industrial, Mixed Use, Office
Property size:
8,900 SFPrice / SF:
$448/SF- Added:
- Sep 2, 2025
- Days on Market:
- 257
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 14539 Erwin St
General Information
- Standard status
- Active
- Size
- 8,900 SF
- Property subtype
- Industrial, Mixed Use, Office
Building Details
- Year Built
- 2002
Listing agent Billie Jean Ford License #01836793
Listing office Del Rey Urban
Listing date Sep 2, 2025
Source Crexi
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 Del Rey Urban
HighLights
- Modern office/flex space featuring 25 ft ceiling height and 10' roll‑up doors.
- Private, large, gated parking in rear of building.
- Excellent location near Van Nuys City Hall, courthouse, metro, restaurants, and retail.
- Convenient freeway access to the 405 and 101.
- Newer construction (built in 2002).
- Four‑unit building totaling approximately 8730 square feet.
Overview
This modern office/flex space building features gated parking and a ceiling height of 25 feet. It includes 10-foot roll-up doors that provide direct access to a private parking lot. Constructed in 2002, the well-maintained building is a short walk from Van Nuys City Hall, the courthouse, the metro station, restaurants, banks, retail shops, and offices. The property is conveniently located near the 405 and 101 freeways, just off Victory and Van Nuys Boulevard. The building consists of four units, totaling approximately 8730 square feet of usable space. It offers private, large, gated parking in the rear. Additional parking is available in an adjacent lot. The property is located off of Van Nuys Boulevard.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.35M
NOI $211,253 @ 9.00% cap · cautious / downside scenario
Moderate
$3.02M
NOI $211,253 @ 7.00% cap · market / base-case scenario
Aggressive
$4.23M
NOI $211,253 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $346.0k | $38.88 |
| − Vacancy | −$64.4k | −$7.23 |
| EGI | $281.7k | $31.65 |
| − OpEx | −$70.4k | −$7.91 |
| NOI | $211.3k | $23.74 |
8,900 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,253 @ 7.0% cap · market cap 5.29%
Second Best
Mixed Use
$2.57M
$2.25M – $3.00M
NOI $180,225 @ 7.0% cap · market cap 4.52%
Theoretical Best
Multifamily LT 5
$180.31M
$157.77M – $210.36M
NOI $12,621,606 @ 7.0% cap · market cap 316.33%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.45016
- Latitude
- 34.18376
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Creative office/flex space near Van Nuys City Hall.
Where is this mixed-use property located?
The property is located at 14539 Erwin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Modern office/flex space featuring 25 ft ceiling height and 10' roll‑up doors.; Private, large, gated parking in rear of building.; Excellent location near Van Nuys City Hall, courthouse, metro, restaurants, and retail.
