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Flex Space Building
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1502 W Slauson Ave, Los Angeles, CA 90047

Free-standing office and light industrial flex space with 4,469 SF available at a high-visibility corner location.

Property Size4,469 SF
Price / SF$223.76
Days on Market102

Property Features for 1502 W Slauson Ave

General Information

Standard status Active
Size 4,469 SF
Property subtype INDUSTRIAL

Building Details

Buildings 1
Building Size 4,469 SF
Listing Agency: Kidder Mathews
Listed By: Heather Isenberg · License #1226464
Source: Moodyscre
Added: Apr 21 Changed: Jul 30 Last Checked: Jul 31 at 6:50AM

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 Kidder Mathews

Investment Insights

Based on property information with market context.

This free-standing flex space combines office and light industrial functionality, with 4,469 SF available for lease or sale. The building is positioned for practical day-to-day use with an office/light industrial configuration.

The property sits on a corner for added street presence and high visibility. It is located minutes from Baldwin Hills Crenshaw Plaza, supporting convenient access for employees and visitors.

Offered with the flexibility of an office/light industrial setup, this building may fit users seeking a single facility that can support both administrative space and light industrial operations.

Key Highlights

  • Free‑standing flex space with office and light industrial use
  • 4,469 SF available
  • Corner location with high visibility

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 $84.7k $18.96
− Vacancy −$5.4k −$1.21
EGI $79.3k $17.75
− OpEx −$23.8k −$5.32
NOI $55.5k $12.42
4,469 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%

Alternative Uses

Best Use
Office B
$1.52M
$1.33M – $1.77M (±1% cap)
NOI $106,077 @ 7.0% cap · market cap 10.61%
Second Best
Industrial
$793.1K
$694.0K – $925.3K (±1% cap)
NOI $55,517 @ 7.0% cap · market cap 5.55%
Theoretical Best
Multifamily LT 5
$90.54M
$79.22M – $105.63M (±1% cap)
NOI $6,337,748 @ 7.0% cap · market cap 633.77%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,240
Businesses Nearby
Under-served
Demand for This Use

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • The Sauce Kitchen — 2064 W 66th St, Los Angeles, CA 90047
  • The As Crepes Inc. — 1135 W 54th St, Los Angeles, CA 90037

Frequently Asked Questions

What type of property is this?
Flex space - Free-standing office and light industrial flex space with 4,469 SF available at a high-visibility corner location.
Where is this flex space located?
The property is located at 1502 W Slauson Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Free‑standing flex space with office and light industrial use; 4,469 SF available; Corner location with high visibility
(213) 225-7224 Call to check price and availability
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