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 Market267
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
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: Aug 14
Last Checked: Sep 12 at 9:23AM
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
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
$49,690
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
4.69%
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%
$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
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
$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 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%
$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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
