Two-Property Flex Space
For Sale
$1,750,000
1512 W Slauson Ave, Los Angeles, CA 90011
Two vacant commercial properties offer office, warehouse, creative, and recreational components with immediate occupancy potential.
Property Size9,865 SF
Lot Size0.31 Acres
Price / SF$177.39
Days on Market11
Property Features for 1512 W Slauson Ave
General Information
Standard status
Active
Size
9,865 SF
Lot size
0.31 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$2,550,000
Building Details
Buildings
2
Listing Agency:
Keller Williams Los Angeles
(213) 797-7000
Listed By:
Michael R. Fukushima · License #01380445
(818) 321-6490
Source:
Exprealty
Added: Sep 3
Changed: Sep 13
Last Checked: Sep 13 at 2:51PM
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 two-property commercial offering includes 1502 W Slauson Ave and 1512 W Slauson Ave, which may be acquired separately or together. The first property contains approximately 4,469 SF of office and light-industrial space on a 5,400 SF lot, with warehouse space, offices or rooms, a kitchen, lobby, and restrooms. It is zoned LACM Commercial. The second property provides approximately 5,396 SF of creative office and recreational space on an 8,100 SF lot. Built in 2009, it includes first- and second-floor areas, a 2,228 SF rooftop recreational area, elevator access, offices, restrooms, storage, and 10 secured gated parking spaces. Both properties are vacant and available for immediate occupancy.
Together, the buildings total approximately 9,865 SF on a combined 13,500 SF of land. The properties front Slauson Avenue and offer access to the I-110, I-105, and I-10 freeways. Nearby destinations include SoFi Stadium, Hollywood Park, Baldwin Hills Crenshaw Plaza, and the Metro K Line Hyde Park Station.
Together, the buildings total approximately 9,865 SF on a combined 13,500 SF of land. The properties front Slauson Avenue and offer access to the I-110, I-105, and I-10 freeways. 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 at 1502 W Slauson Ave and 1512 W Slauson Ave
- Approximately 9,865 SF of combined building area on 13,500 SF of land
- 1502 W Slauson Ave includes approximately 4,469 SF of office/light‑industrial 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
$151,353
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
8.65%
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%
$3,027,060
$3.0M
Cap Rate 7%
$2,162,186
$2.2M
Cap Rate 9%
$1,681,700
$1.7M
Market Conditions
NOI Build-Up for 9,865 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
$187.0K $18.96/SF
− Vacancy
−$9.0K −$0.91/SF
EGI
$178.1K $18.05/SF
− OpEx
−$26.7K −$2.71/SF
NOI
$151.4K $15.34/SF
Area
ZIP 90011
Vacancy
4.80%
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%
$3,027,060
Cap Rate 7%
$2,162,186
Cap Rate 9%
$1,681,700
Alternative Uses
Best Use
Office B
$3.62M
$3.16M – $4.22M
NOI $253,067 @ 7.0% cap · market cap 14.46%
Second Best
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,353 @ 7.0% cap · market cap 8.65%
Theoretical Best
Multifamily LT 5
$199.86M
$174.88M – $233.17M
NOI $13,990,128 @ 7.0% cap · market cap 799.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two vacant commercial properties offer office, warehouse, creative, and recreational components with immediate occupancy potential.
Where is this flex space located?
The property is located at 1512 W Slauson Ave 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: Two vacant commercial properties at 1502 W Slauson Ave and 1512 W Slauson Ave; Approximately 9,865 SF of combined building area on 13,500 SF of land; 1502 W Slauson Ave includes approximately 4,469 SF of office/light‑industrial space
