Flexible Industrial Space with
For Sale
$12,900,000
1701-1721 North Main Street, Los Angeles, CA 90012
Adaptable industrial space with office areas and potential for subdivision into multiple units.
Property Size55,250 SF
Days on Market50
Property Features for 1701-1721 North Main Street
General Information
Standard status
Active
Size
55,250 SF
Total Parking Spaces
12
Property subtype
Industrial
Site & Location
Neighborhood
Chinatown
Building Details
Building Size
55,250 SF
Listing Agency:
Lee & Associates - Los Angeles - Downtown
Listed By:
Evan Jurgensen · License #CalDRE #01967347
(626) 786-7430
Source:
Lee-associates
Added: Sep 5
Changed: Oct 10
Last Checked: Oct 23 at 4:52AM
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 - Los Angeles - Downtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flexible industrial property at 1701-1721 North Main Street includes office areas and is described as divisible into as many as 8 units. Clear heights range from 12 feet to 13 feet, supporting a range of industrial and warehouse configurations. The property is associated with the GASP area and includes access to 12 parking spaces located in a city parking lot.
The site is adjacent to the LA River and is minutes from Majordomo Apolheke and LA Historic Park. Its multi-unit layout and existing office component provide a practical foundation for an owner-user or investor evaluating flexible commercial space. Buyers and tenants should independently verify building and land area, permitted office size, power, sprinkler calculations, zoning, permitted uses, parking, access, condition, and other property characteristics.
The site is adjacent to the LA River and is minutes from Majordomo Apolheke and LA Historic Park. Its multi-unit layout and existing office component provide a practical foundation for an owner-user or investor evaluating flexible commercial space. Buyers and tenants should independently verify building and land area, permitted office size, power, sprinkler calculations, zoning, permitted uses, parking, access, condition, and other property characteristics.
Key Highlights
- Divisible into 8 units
- 12‑foot to 13‑foot clear heights
- Office areas included within the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$833,423
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,668,460
$16.7M
Cap Rate 7%
$11,906,043
$11.9M
Cap Rate 9%
$9,260,256
$9.3M
Market Conditions
NOI Build-Up for 55,250 SF
Gross rent
$1.05M $18.96/SF
− Vacancy
−$67.0K −$1.21/SF
EGI
$980.5K $17.75/SF
− OpEx
−$147.1K −$2.66/SF
NOI
$833.4K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,668,460
Cap Rate 7%
$11,906,043
Cap Rate 9%
$9,260,256
Alternative Uses
Best Use
Warehouse
$11.91M
$10.42M – $13.89M
NOI $833,423 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$9.80M
$8.58M – $11.44M
NOI $686,348 @ 7.0% cap · market cap 5.32%
Theoretical Best
Multifamily LT 5
$1,119.33M
$979.42M – $1,305.89M
NOI $78,353,228 @ 7.0% cap · market cap 607.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,670
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Similar Off Market Nearby
- Bolovan — 2425 Sichel St, Lincoln Heights, CA 90031
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable industrial space with office areas and potential for subdivision into multiple units.
Where is this flex space located?
The property is located at 1701-1721 North Main Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Divisible into 8 units; 12‑foot to 13‑foot clear heights; Office areas included within the property
