Downtown Los Angeles Industrial
154 W 21st St, Los Angeles, CA 90007
Industrial portfolio near Downtown Los Angeles with redevelopment potential.
Type:Industrial
Property size:
4,000 SFLot size:
0.61 AcresPrice / SF:
$225/SF- Added:
- Mar 23, 2026
- Days on Market:
- 55
- Last Refresh:
- Mar 25 at 8:41 am
Property Features for 154 W 21st St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.61 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1959
Listing agent Martin Agnew License #CA 01339034
Listing office Marcus & Millichap - Encino
Listing date Mar 23, 2026
Source Crexi
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 Marcus & Millichap - Encino
HighLights
- Rare opportunity to acquire one or more properties within a five‑parcel industrial portfolio.
- Strategically located just south of Downtown Los Angeles with frontage on three streets.
- Zoned C2‑2D‑O‑CPIO, Tier 3 TOC, offering exceptional flexibility for owner‑users, investors, and developers.
- Dense infill location with strong surrounding demographics: population exceeds 552,620 within a three‑mile radius.
- Excellent connectivity to the 10 and 110 Freeways.
- High Walk Score (92) and Transit Score (94), indicating a prime urban location.
Overview
This industrial portfolio presents a rare opportunity to acquire one or more properties strategically located just south of Downtown Los Angeles. The assemblage has frontage on three streets, spanning an entire block from S Broadway to S Hill Street. It consists of four buildings situated on five parcels totaling 22,060 square feet of improvements and 26,687 square feet of land. Zoned C2-2D-O-CPIO, Tier 3 TOC, the offering provides flexibility for owner-users, investors, and developers seeking immediate occupancy, repositioning opportunities, or long-term value creation. The portfolio benefits from a dense infill location with strong surrounding demographics and proximity to major employment hubs, including the University of Southern California (USC). The portfolio is also near major Downtown attractions, including the Los Angeles Convention Center and Crypto.com Arena. Within a three-mile radius, the population exceeds 552,620 residents with an average household income of $70,872. The properties offer connectivity to the 10 and 110 Freeways, ensuring access throughout Greater Los Angeles. The site boasts a 92 Walk Score and a 94 Transit Score, underscoring its prime urban location.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$552.1K
NOI $49,690 @ 9.00% cap · cautious / downside scenario
Moderate
$709.9K
NOI $49,690 @ 7.00% cap · market / base-case scenario
Aggressive
$993.8K
NOI $49,690 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| 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 Use Scenarios
Best Use
Industrial
$709.9K
$621.1K – $828.2K
NOI $49,690 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$81.04M
$70.91M – $94.54M
NOI $5,672,632 @ 7.0% cap · market cap 630.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Industrial properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2678329
- Latitude
- 34.0296224
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Industrial portfolio near Downtown Los Angeles with redevelopment potential.
Where is this industrial property located?
The property is located at 154 W 21st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Rare opportunity to acquire one or more properties within a five‑parcel industrial portfolio.; Strategically located just south of Downtown Los Angeles with frontage on three streets.; Zoned C2‑2D‑O‑CPIO, Tier 3 TOC, offering exceptional flexibility for owner‑users, investors, and developers.
