Flex Space Near Downtown
For Sale
$1,075,000
149 W 31st Street, Los Angeles, CA 90007
Flex space with excellent natural light, easy DTLA access.
Property Size5,740 SF
Price / SF$187.28
Days on Market151
Property Features for 149 W 31st Street
General Information
Standard status
Active
Size
5,740 SF
Property subtype
Industrial
Building Details
Building Size
5,740 SF
Year Built
1953
Stories
1
Properties For Sale
at 149 W 31st Street Contact us- Suite
- ENTIRE-FOR SALE
- Size
- 5,740 SF
- Availability
- Not For Lease
Available Space
FOR SALE SALE PRICE: $1,075,000.00 SALE PRICE/SF: $187.28 Restrooms: 2 Please verify...
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Contact us
Listing Agency:
Daum Commercial
(310) 883-8476
Listed By:
Bryan Abayan · License #CA 02005294
(310) 883-8476
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 25
Last Checked: Aug 30 at 12:52PM
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.
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
$71,306
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
6.63%
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%
$1,426,120
$1.4M
Cap Rate 7%
$1,018,657
$1.0M
Cap Rate 9%
$792,289
$792.3K
Market Conditions
NOI Build-Up for 5,740 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
$108.8K $18.96/SF
− Vacancy
−$7.0K −$1.21/SF
EGI
$101.9K $17.75/SF
− OpEx
−$30.6K −$5.32/SF
NOI
$71.3K $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%
$1,426,120
Cap Rate 7%
$1,018,657
Cap Rate 9%
$792,289
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,872
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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.
