Flex Space Near Downtown
149 W 31st Street Los Angeles, CA 90007
149 W 31st Street, Los Angeles, CA, 90007
$1,075,000
For Sale
$1,075,000
Flex space with excellent natural light, easy DTLA access.
Property Size5,740 SF
Price / SF$187.28
Days on Market111
Property Features for 149 W 31st Street
General Information
- Standard status
- Active
- Size
- 5,740 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1953
Properties For Sale
at 149 W 31st Street Contact us
Listing agency
Daum Commercial
(310) 883-8476
Listed by
Bryan Abayan · License #CA 02005294
(310) 883-8476
Source
Daumcommercial
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:01AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This 5,740-square-foot flex space is an ideal opportunity for an owner-user. The brick building features excellent natural light and a clear span layout. The property is adjacent to the 10 and 110 Freeways, providing easy access to Downtown Los Angeles. It is also located near the University of Southern California (USC), Banc of California Stadium, and Expo Park Coliseum.
Key Highlights
- Excellent natural light fills this brick building with a clear span.
- Adjacent to 10 & 110 Freeways – enjoy easy DTLA access.
- Ideal opportunity for an owner user.
Local Financial Insights For Industrial
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 | $108.8k | $18.96 |
| − Vacancy | −$7.0k | −$1.21 |
| EGI | $101.9k | $17.75 |
| − OpEx | −$30.6k | −$5.32 |
| NOI | $71.3k | $12.42 |
5,740 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.02M
$891.3K – $1.19M
NOI $71,306 @ 7.0% cap · market cap 6.63%
Second Best
Flex RnD
$945.9K
$827.7K – $1.10M
NOI $66,212 @ 7.0% cap · market cap 6.16%
Theoretical Best
Multifamily LT 5
$116.29M
$101.75M – $135.67M
NOI $8,140,227 @ 7.0% cap · market cap 757.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
eBella Apparel
Clothing & Fashion Store
Ebella Screen Printing
Textile Manufacturer
Similar For Sale Nearby
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- Savore Cuisine & Events — 3655 S Grand Ave #235, Los Angeles, CA 90007
- Kensington Cafeteria — 700 state dr, los angeles, ca 90037
- Healthy Organic Kitchen — 358 W 38th St, Los Angeles, CA 90037
- I Jones Catering Kitchen — 3670 Broadway Pl, Los Angeles, CA 90007
FAQs
What type of property is this?
Flex space - Flex space with excellent natural light, easy DTLA access.
Where is this flex space located?
The property is located at 149 W 31st Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Excellent natural light fills this brick building with a clear span.; Adjacent to 10 & 110 Freeways – enjoy easy DTLA access.; Ideal opportunity for an owner user.
