Creative Flex Space with Rooftop
New
For Sale
$1,750,000
1512 Slauson Avenue, Los Angeles, CA 90047
Vacant commercial property with offices, recreational space, elevator access, storage, restrooms, and secured gated parking.
Property Size5,396 SF
Lot Size0.31 Acres
Price / SF$324.31
Days on Market7
Property Features for 1512 Slauson Avenue
General Information
Standard status
Active
Size
5,396 SF
Lot size
0.31 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$2,550,000
Amenities
10 Parking Spaces.
Gated Community.
Building Details
Year Built
2009
Buildings
2
Listing Agency:
(213) 797-7000
Listed By:
Keller Williams Los Angeles
Source:
Xome
Added: Aug 31
Changed: Sep 5
Last Checked: Sep 5 at 2:59PM
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 vacant creative flex property provides approximately 5,396 SF across a two-story configuration with a rooftop recreational area. The building includes office areas, restrooms, storage, elevator service, and secured gated parking. Constructed in 2009, the layout combines adaptable commercial space with multiple functional components for immediate occupancy.
The property is positioned along Slauson Avenue in Los Angeles, with access to the I-110, I-105, and I-10 freeways. Nearby destinations identified for the property include SoFi Stadium, Hollywood Park, Baldwin Hills Crenshaw Plaza, and the Metro K Line Hyde Park Station. The site contains 10 secured gated parking spaces and occupies an 8,100 SF lot.
The property is positioned along Slauson Avenue in Los Angeles, with access to the I-110, I-105, and I-10 freeways. Nearby destinations identified for the property include SoFi Stadium, Hollywood Park, Baldwin Hills Crenshaw Plaza, and the Metro K Line Hyde Park Station. The site contains 10 secured gated parking spaces and occupies an 8,100 SF lot.
Key Highlights
- Approximately 5,396 SF of creative office and recreational space
- 2,036 SF first floor, 3,360 SF second floor, and 2,228 SF rooftop recreational area
- 10 secured gated parking spaces
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
$128,081
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
7.32%
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%
$2,561,620
$2.6M
Cap Rate 7%
$1,829,729
$1.8M
Cap Rate 9%
$1,423,122
$1.4M
Market Conditions
NOI Build-Up for 5,396 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
$209.8K $38.88/SF
− Vacancy
−$39.0K −$7.23/SF
EGI
$170.8K $31.65/SF
− OpEx
−$42.7K −$7.91/SF
NOI
$128.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
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%
$2,561,620
Cap Rate 7%
$1,829,729
Cap Rate 9%
$1,423,122
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $128,081 @ 7.0% cap · market cap 7.32%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,396 @ 7.0% cap · market cap 4.65%
Theoretical Best
Multifamily LT 5
$109.32M
$95.65M – $127.54M
NOI $7,652,380 @ 7.0% cap · market cap 437.28%
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 - Vacant commercial property with offices, recreational space, elevator access, storage, restrooms, and secured gated parking.
Where is this flex space located?
The property is located at 1512 Slauson Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 5,396 SF of creative office and recreational space; 2,036 SF first floor, 3,360 SF second floor, and 2,228 SF rooftop recreational area; 10 secured gated parking spaces
