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 Market196
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
Available Space
Not For Lease
Size
5,740 SF
FOR SALE SALE PRICE: $1,075,000.00 SALE PRICE/SF: $187.28 Restrooms: 2 Please verify all information herein as broker does not warrant its accuracy.
Contact us
Listing Agency:
Daum Commercial
Listed By:
Bryan Abayan · License #CA 02005294
(310) 883-8476
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 11
Last Checked: Oct 14 at 7:32PM
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 / Yr
$71,306
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
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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.
