Listing Agency: Magic Properties, Inc. Show Phone

Listed By: Nathan Yoon Show Phone

Source: Moodyscre

Added: Mar 16 Changed: Oct 6 Last Checked: Oct 12 at 9:51PM

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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 Magic Properties, Inc.

Investment Insights

Based on property information with market context.

This 10,000-square-foot flex space combines a clothing wholesale showroom and store with warehouse space in the rear. The configuration separates customer-facing areas from storage and distribution functions, while rear parking and loading support daily operations.

Located at 1506 S Los Angeles St in Los Angeles, the property is positioned 2 blocks north of the 10 Freeway. The existing showroom, retail, warehouse, parking, and loading components create a practical setup for wholesale or showroom-oriented commercial use.

Key Highlights

• 10,000‑square‑foot flex space
• Front showroom and store with rear warehouse area
• Existing clothing wholesale showroom and store

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$232,072

Cap Rate

5.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,641,440 $4.6M

Cap Rate 7%

$3,315,314 $3.3M

Cap Rate 9%

$2,578,578 $2.6M

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$369.6K $36.96/SF

− Vacancy

−$38.1K −$3.81/SF

EGI

$331.5K $33.15/SF

− OpEx

−$99.5K −$9.95/SF

NOI

$232.1K $23.21/SF

Area

Los Angeles, CA

Vacancy

10.30%

Lease Rate

$36.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,641,440

Cap Rate 7%

$3,315,314

Cap Rate 9%

$2,578,578

Alternative Uses

Best Use

Retail

$3.32M

$2.90M – $3.87M (±1% cap)

NOI $232,072 @ 7.0% cap · market cap 5.80%

Second Best

Warehouse

$2.15M

$1.89M – $2.51M (±1% cap)

NOI $150,846 @ 7.0% cap · market cap 3.77%

Theoretical Best

Multifamily LT 5

$202.59M

$177.27M – $236.36M (±1% cap)

NOI $14,181,580 @ 7.0% cap · market cap 354.54%

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

Zam Big Box & Wholesale Store Victorious Clothing & Fashion Store

Suggested Use

Top Pick Daycare Center Pet Grooming Service Veterinary Clinic Nursing Home Tanning Salon Adult Day Care

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

10,941

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90015, CA

27,324

Population

14,635

Households

1.9

Avg Household Size

34

Median Age

48%

College-Educated

79%

High-School Grad

1.7 sq mi

ZIP Area

16,073

Density / Sq Mi

$63,211

Median Household Income

$47,819

Median Earnings

$2,385

Median Rent

$1,000,800

Median Home Value

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Front showroom pairs with rear warehouse, parking, and loading access.

Where is this flex space located?

The property is located at 1506 S Los Angeles St Los Angeles, CA.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: 10,000‑square‑foot flex space; Front showroom and store with rear warehouse area; Existing clothing wholesale showroom and store