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Flex Space Near Downtown LA

149 W 31st Street Los Angeles, CA 90007

149 W 31st Street, Los Angeles, CA, 90007
$1,075,000
For Sale
Claim this Listing
$1,075,000

Flex space with excellent natural light, easy DTLA access.

Property Size5,740 SF
Price / SF$187.28
AddedApr 3
Days on Market105
Last RefreshJul 15 at 1:17 am

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 office Daum Commercial

Listing date Apr 3, 2026

Source Daumcommercial

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 (±1% cap)
NOI $71,306 @ 7.0% cap · market cap 6.63%
Second Best
Flex RnD
$945.9K
$827.7K – $1.10M (±1% cap)
NOI $66,212 @ 7.0% cap · market cap 6.16%
Theoretical Best
Multifamily LT 5
$116.29M
$101.75M – $135.67M (±1% cap)
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

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Accounting Firm Skin Care Clinic Acupuncture Pet Grooming Service Nursing Home Garden Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

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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.
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