Clear-Span Flex Industrial
For Sale
Contact for pricing
1518 E 15th St, Los Angeles, CA 90021
Freestanding clear-span brick building with HVAC office space and four parking spots.
Property Size4,000 SF
Price / SF$265
Days on Market312
Property Features for 1518 E 15th St
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
4
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Road Access
Yes
Building Details
Construction
brick
Listing Agency:
Lee & Associates
(323) 922-3832
Listed By:
Sam Rinkov · License #02132515
(818) 324-4329
Source:
Moodyscre
Added: Dec 19, 2025
Changed: Oct 25
Last Checked: Oct 26 at 8:02PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$49,690
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,800
$993.8K
Cap Rate 7%
$709,857
$709.9K
Cap Rate 9%
$552,111
$552.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$75.8K $18.96/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$71.0K $17.75/SF
− OpEx
−$21.3K −$5.32/SF
NOI
$49.7K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,800
Cap Rate 7%
$709,857
Cap Rate 9%
$552,111
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,129
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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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
