Vacant Flex Space
New
For Sale
$800,000
1502 Slauson Avenue, Los Angeles, CA 90047
Two vacant commercial properties offer office, light-industrial, creative, recreational, and storage areas along Slauson Avenue.
Property Size4,473 SF
Lot Size0.12 Acres
Price / SF$178.85
Days on Market7
Property Features for 1502 Slauson Avenue
General Information
Standard status
Active
Size
4,473 SF
Lot size
0.12 Acres
Property subtype
General Commercial
Zoning
LACM Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$800,000
Amenities
kitchen
lobby
Building Details
Year Built
1946
Buildings
2
Owner Occupied
No
Listing Agency:
(213) 797-7000
Listed By:
Keller Williams Los Angeles
Source:
Xome
Added: Aug 31
Changed: Sep 5
Last Checked: Sep 5 at 3:39PM
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 Keller Williams Los Angeles
Investment Insights
Based on property information with market context.
This offering includes two vacant commercial properties along Slauson Avenue, available individually or together. The spaces combine office and light-industrial functionality with rooms, warehouse space, kitchen areas, lobbies, restrooms, storage, and creative or recreational areas.
The 1512 Slauson Avenue property contains approximately 5,396 square feet on an 8,100-square-foot lot. Built in 2009, it includes approximately 2,036 square feet on the first floor, 3,360 square feet on the second floor, and a 2,228-square-foot rooftop recreational area. Elevator access and 10 secured gated parking spaces are also provided.
The properties are positioned along Slauson Avenue with access to I-110, I-105, and I-10. Nearby destinations include SoFi Stadium, Hollywood Park, Baldwin Hills Crenshaw Plaza, and the Metro K Line Hyde Park Station.
The 1512 Slauson Avenue property contains approximately 5,396 square feet on an 8,100-square-foot lot. Built in 2009, it includes approximately 2,036 square feet on the first floor, 3,360 square feet on the second floor, and a 2,228-square-foot rooftop recreational area. Elevator access and 10 secured gated parking spaces are also provided.
The properties are positioned along Slauson Avenue with access to I-110, I-105, and I-10. Nearby destinations include SoFi Stadium, Hollywood Park, Baldwin Hills Crenshaw Plaza, and the Metro K Line Hyde Park Station.
Key Highlights
- Two vacant commercial properties offered individually or together
- Approximately 5,396 SF on an 8,100 SF lot at 1512 Slauson Avenue
- 1512 property built in 2009 with first- and second‑floor space
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
$67,473
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
8.43%
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%
$1,349,460
$1.3M
Cap Rate 7%
$963,900
$963.9K
Cap Rate 9%
$749,700
$749.7K
Market Conditions
NOI Build-Up for 4,473 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
$84.8K $18.96/SF
− Vacancy
−$5.4K −$1.21/SF
EGI
$79.4K $17.75/SF
− OpEx
−$11.9K −$2.66/SF
NOI
$67.5K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,349,460
Cap Rate 7%
$963,900
Cap Rate 9%
$749,700
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,172 @ 7.0% cap · market cap 13.27%
Second Best
Warehouse
$963.9K
$843.4K – $1.12M
NOI $67,473 @ 7.0% cap · market cap 8.43%
Theoretical Best
Multifamily LT 5
$90.62M
$79.29M – $105.72M
NOI $6,343,421 @ 7.0% cap · market cap 792.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two vacant commercial properties offer office, light-industrial, creative, recreational, and storage areas along Slauson Avenue.
Where is this flex space located?
The property is located at 1502 Slauson Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two vacant commercial properties offered individually or together; Approximately 5,396 SF on an 8,100 SF lot at 1512 Slauson Avenue; 1512 property built in 2009 with first- and second‑floor space
