Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Arts District Warehouse/Flex Space Title is generated by Realmo AI

    1931 Bay St, Los Angeles, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story building in Arts District, suitable for warehousing/flex/R&D/studio/office.

    Type:INDUSTRIAL
    Property size:
    15,000 SF
    Lot size:
    0.20 Acres
    Added:
    Mar 3, 2025
    Days on Market:
    441
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 1931 Bay St

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    0.20 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1931 Bay St Contact us

    We can help!

    Listing Contact
    Jay Chang

    Listing agent Jay Chang

    Listing office North American Commercial Properties

    Listing date Mar 3, 2025

    Source Moodyscre

    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 North American Commercial Properties

    HighLights

    • Versatile space ideal for warehousing, flex space, R&D, studio, or office
    • Located in the vibrant Arts District, next to the Fashion District
    • Enjoy full HVAC throughout the entire 2‑story building
    • Functional amenities include a full kitchen and shower
    • Heavy‑duty freight elevator with a 2,000 lbs. capacity
    • Attractive lease rates starting at $0.99/SF for the first year

    Overview

    This two-story brick building, located in the Arts District and adjacent to the Fashion District, is available for lease. The property is suitable for warehousing, flex space, research and development, studio, or office use. The building features a full kitchen and shower, and is equipped with full HVAC throughout. A freight elevator with a 2,000-pound capacity is also present. The lease rate is $0.99 per square foot for the first year, $1.25 per square foot for the second year, and $1.35 per square foot for the third year. The property size is 15,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • RV Storage Depot — 13555 Excelsior Dr, Norwalk, CA 90650
    • Santa Fe Self Storage — 13633 Rosecrans Ave, Santa Fe Springs, CA 90670
    • Weber Logistics — 13530 Rosecrans Ave, Santa Fe Springs, CA 90670
    • Public Storage — 13461 Rosecrans Ave, Santa Fe Springs, CA 90670
    • UNITS Moving and Portable Storage of Orange County — 13617 Talc St, Santa Fe Springs, CA 90670

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.233
    Latitude
    34.0316

    Nearby Similar for Lease

    • $3,200/Mo

      Versatile Mixed-Use Space in Los Angeles

      1,056 sq ft mixed-use property in a vibrant location.
      1641 South Longwood Ave, Los Angeles, CA 90019
      View Details
    • $7 SF/Yr
      800 SF

      Koreatown Retail Space For Lease

      Prime retail spaces in luxury mixed-use Koreatown development.
      750 S Oxford, Los Angeles, CA 90005
      View Details
    • $3,000/Mo
      1,540 SF

      Retail Units in Los Angeles

      Six retail units available for lease in Los Angeles.
      1212 S San Pedro, Los Angeles, CA 90015
      View Details
    • $6,000/Mo

      Melrose Avenue Storefront with Income Potential

      Bright, versatile two-story storefront on iconic Melrose Avenue.
      7552 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $1,625/Mo
      970 SF

      Los Angeles Commercial Space Available

      Retail, office, showroom, or warehouse space in fashion district.
      1458 San Pedro, Los Angeles, CA 90015
      View Details
    • $1.95 SF/Yr
      12,126 SF

      Koreatown Retail/Medical Office Space

      High-traffic corner location ideal for retail or medical office.
      991 S Vermont, Los Angeles, CA 90006
      View Details
    • $3,500/Mo
      2,150 SF

      Commercial Space in Los Angeles

      Versatile space suitable for office, retail, or warehouse use.
      3136 E Olympic Boulevard, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      6,536 SF

      Downtown LA Office Suite

      Spacious 6,536 SF office suite in Little Tokyo.
      420 E 3rd, Los Angeles, CA 90013
      View Details
    • $750/Mo
      378 SF

      Office Space in Los Angeles

      Office space for lease in Los Angeles, approximately 378 sq.ft.
      844 Colorado, Los Angeles, CA 90041
      View Details
    • $2,800/Mo
      2,000 SF

      Commercial Space in Los Angeles

      Versatile commercial space suitable for various business ventures.
      5414 Alhambra Avenue, Los Angeles, CA 90032
      View Details
    • $18,856/Mo
      12,036 SF

      Functional Warehouse with Office Space

      Secure Los Angeles warehouse with office, ample parking, and freeway access.
      215 W 134th St, Los Angeles, CA 90061
      View Details
    • Sponsored
      Contact for pricing

      CA, Los Angeles - W Olympic Blvd

      11845 Olympic Blvd, Los Angeles, CA 90064
      View Details

    FAQs

    What type of property is this?
    Warehouse - Two-story building in Arts District, suitable for warehousing/flex/R&D/studio/office.
    Where is this warehouse located?
    The property is located at 1931 Bay St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $0.99 SF/Yr.
    What are key features of this property?
    This property features: Versatile space ideal for warehousing, flex space, R&D, studio, or office; Located in the vibrant Arts District, next to the Fashion District; Enjoy full HVAC throughout the entire 2‑story building
    (213) 216-9690 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jay Chang
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1931 Bay St, Los Angeles, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!