Creative-Industrial Warehouse
For Sale
$4,900,000
1900 E 7th Pl, Los Angeles, CA 90021
Modernized warehouse with 26-foot clear ceilings, oversized ground-level loading doors, and upgraded power and systems.
Property Size10,150 SF
Days on Market95
Property Features for 1900 E 7th Pl
General Information
Standard status
Active
Size
10,150 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
26 ft
Heavy Power
Yes
Building Details
Building Size
10,150 SF
Year Built
1966
Listing Agency:
Lee & Associates - Los Angeles - West
Listed By:
Conor Halloran · License #CalDRE #02085970
(323) 590-9494
Source:
Lee-associates
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 4 at 3:21AM
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 - West
Investment Insights
Based on property information with market context.
This modernized creative-industrial warehouse property offers expansive open interior space with 26-foot clear ceilings. The facility includes oversized ground-level loading doors and heavy 800 AMP 3-phase power. Recent renovations also include upgraded HVAC, LED lighting, modern office buildouts, and refreshed infrastructure throughout.
The property is positioned in Los Angeles’ Arts District, an area known for a dense mix of restaurants, galleries, studios, and entertainment destinations.
Overall, the building is designed to combine industrial functionality with upgraded interior systems and office improvements for a flexible creative-industrial tenant environment.
The property is positioned in Los Angeles’ Arts District, an area known for a dense mix of restaurants, galleries, studios, and entertainment destinations.
Overall, the building is designed to combine industrial functionality with upgraded interior systems and office improvements for a flexible creative-industrial tenant environment.
Key Highlights
- Modernized warehouse with 26‑foot clear ceilings and expansive open interior space for production, showroom, studio, creative office, and industrial use
- Oversized ground‑level loading doors for efficient loading and tenant operations
- Heavy 800 AMP 3‑phase power to support production and industrial equipment
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
$153,108
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
3.12%
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%
$3,062,160
$3.1M
Cap Rate 7%
$2,187,257
$2.2M
Cap Rate 9%
$1,701,200
$1.7M
Market Conditions
NOI Build-Up for 10,150 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
$192.4K $18.96/SF
− Vacancy
−$12.3K −$1.21/SF
EGI
$180.1K $17.75/SF
− OpEx
−$27.0K −$2.66/SF
NOI
$153.1K $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 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%
$3,062,160
Cap Rate 7%
$2,187,257
Cap Rate 9%
$1,701,200
Alternative Uses
Best Use
Warehouse
$2.19M
$1.91M – $2.55M
NOI $153,108 @ 7.0% cap · market cap 3.12%
Second Best
Industrial
$1.80M
$1.58M – $2.10M
NOI $126,089 @ 7.0% cap · market cap 2.57%
Theoretical Best
Multifamily LT 5
$205.63M
$179.93M – $239.91M
NOI $14,394,303 @ 7.0% cap · market cap 293.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
3,690
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Modernized warehouse with 26-foot clear ceilings, oversized ground-level loading doors, and upgraded power and systems.
Where is this flex space located?
The property is located at 1900 E 7th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Modernized warehouse with 26‑foot clear ceilings and expansive open interior space for production, showroom, studio, creative office, and industrial use; Oversized ground‑level loading doors for efficient loading and tenant operations; Heavy 800 AMP 3‑phase power to support production and industrial equipment
