Clear-Span Flex Industrial
1518 E 15th St Los Angeles, CA 90021
For Sale
Contact for pricing
Freestanding clear-span brick building with HVAC office space and four parking spots.
Property Size4,000 SF
Price / SF$265
Days on Market222
Property Features for 1518 E 15th St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(818) 324-4329
Listed By:
Sam Rinkov · License #02132515
(818) 324-4329
Source:
Moodyscre
Added: Dec 19, 2025
Changed: Jul 27
Last Checked: Jul 28 at 3:34PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Freestanding clear-span brick building offering flexible industrial layout options. The property includes approximately 1,200 SF of HVAC office space and is supported by four on-site parking spaces.
Located with excellent access to multiple freeways, including I-10, I-60, I-5, and US-101.
The combination of clear-span space and dedicated HVAC office area makes the building suitable for businesses that need flexible production or storage space alongside an office component.
Located with excellent access to multiple freeways, including I-10, I-60, I-5, and US-101.
The combination of clear-span space and dedicated HVAC office area makes the building suitable for businesses that need flexible production or storage space alongside an office component.
Key Highlights
- Freestanding clear‑span brick building
- Approximately 1,200 SF of HVAC office space
- Includes 4 car parking
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 | $75.8k | $18.96 |
| − Vacancy | −$4.9k | −$1.21 |
| EGI | $71.0k | $17.75 |
| − OpEx | −$21.3k | −$5.32 |
| NOI | $49.7k | $12.42 |
4,000 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$709.9K
$621.1K – $828.2K
NOI $49,690 @ 7.0% cap · market cap 4.69%
Second Best
Flex RnD
$659.2K
$576.8K – $769.0K
NOI $46,141 @ 7.0% cap · market cap 4.35%
Theoretical Best
Multifamily LT 5
$81.04M
$70.91M – $94.54M
NOI $5,672,632 @ 7.0% cap · market cap 535.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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- LA CHATA TACOS - Quality Restaurant Los Angeles CA, Event Catering, Reliable Restaurant, Taco Bar Catering — 1920 e olympic blvd, los angeles, ca 90021
- Green Grace LA — 1225 E Washington Blvd Suite A, Los Angeles, CA 90021
- What-A-Taco Catering — 1333 E 27th St, Los Angeles, CA 90011
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding clear-span brick building with HVAC office space and four parking spots.
Where is this flex space located?
The property is located at 1518 E 15th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Freestanding clear‑span brick building; Approximately 1,200 SF of HVAC office space; Includes 4 car parking
