Two-Building Industrial Flex
1607 S Grand Ave Los Angeles, CA 90015
1607 S Grand Ave, Los Angeles, CA, 90015
Contact for pricing
For Sale
Contact for pricing
Industrial flex property includes two adjacent buildings with office areas, mezzanine space, and ground-level loading.
Property Size20,000 SF
Price / SF$260
Days on Market166
Property Features for 1607 S Grand Ave
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Industrial
Listing agency
Major Properties
(213) 747-4151
Listed by
Bradley Luster · License #CA 00913803
Source
Crexi
Added: Feb 6 Updated: Jul 21 at 2:32PM Checked: Jul 21 at 2:32PM
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 Major Properties
Investment Insights
Based on property information with market context.
This versatile industrial facility includes two adjacent buildings totaling approximately 20,000 square feet, with a 14,000-square-foot building and a 6,000-square-foot building. The space features bow truss construction, skylights, office areas, and a mezzanine, along with ground-level loading. Partial sprinkler coverage is provided.
The site offers abundant on-site parking for approximately 20 vehicles along the perimeter of the buildings. It is located in Downtown Los Angeles, one block north of the I-10 Freeway, at the southwest corner of Grand Avenue and Venice Boulevard, within a Designated Qualified Opportunity Zone.
Both buildings must be sold and leased together, and the property is offered at 1607 S Grand Ave and 320 Venice Blvd, Los Angeles, CA 90015.
The site offers abundant on-site parking for approximately 20 vehicles along the perimeter of the buildings. It is located in Downtown Los Angeles, one block north of the I-10 Freeway, at the southwest corner of Grand Avenue and Venice Boulevard, within a Designated Qualified Opportunity Zone.
Both buildings must be sold and leased together, and the property is offered at 1607 S Grand Ave and 320 Venice Blvd, Los Angeles, CA 90015.
Key Highlights
- Two adjacent industrial buildings totaling approx. 20,000 SF: 14,000 SF plus 6,000 SF
- Bow truss construction with skylights, office areas, and a mezzanine
- Ground‑level loading and partial sprinkler coverage
Local Financial Insights For Warehouse
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 | $379.2k | $18.96 |
| − Vacancy | −$24.3k | −$1.21 |
| EGI | $354.9k | $17.75 |
| − OpEx | −$53.2k | −$2.66 |
| NOI | $301.7k | $15.08 |
20,000 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.31M
$3.77M – $5.03M
NOI $301,692 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$3.55M
$3.11M – $4.14M
NOI $248,452 @ 7.0% cap · market cap 4.78%
Theoretical Best
Multifamily LT 5
$405.19M
$354.54M – $472.72M
NOI $28,363,159 @ 7.0% cap · market cap 545.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carole Inc
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Four Seasons Catering — 1300 San Pedro St Suite 210, Los Angeles, CA 90015
- Ala Carte Catering Inc — 924 W Washington Blvd, Los Angeles, CA 90015
- Cater Craft Foods Inc — 924 W Washington Blvd, Los Angeles, CA 90015
- Tender Grill — 924 W Washington Blvd, Los Angeles, CA 90007
- RoadStoves — 924 W Washington Blvd, Los Angeles, CA 90015
FAQs
What type of property is this?
Flex space - Industrial flex property includes two adjacent buildings with office areas, mezzanine space, and ground-level loading.
Where is this flex space located?
The property is located at 1607 S Grand Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Two adjacent industrial buildings totaling approx. 20,000 SF: 14,000 SF plus 6,000 SF; Bow truss construction with skylights, office areas, and a mezzanine; Ground‑level loading and partial sprinkler coverage
