DTLA Arts District Bow
For Sale
Contact for pricing
2152 Sacramento St, Los Angeles, CA 90021
17,700 SF facility in the DTLA Arts District.
Property Size17,700 SF
Lot Size0.32 Acres
Price / SF$299.44
Days on Market202
Property Features for 2152 Sacramento St
General Information
Standard status
Active
Size
17,700 SF
Total Parking Spaces
8
Lot size
0.32 Acres
Property subtype
Industrial
Zoning
LA M3
Investment Type
Redevelopment
Building Details
Year Built
1910
Buildings
2
Stories
2
Listing Agency:
Major Properties
(213) 747-4151
Listed By:
Bradley Luster · License #CA 00913803
Source:
Crexi
Added: Jan 26
Changed: Aug 14
Last Checked: Aug 15 at 3:45AM
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 17,700 SF facility is comprised of two bow truss buildings on a 13,850 SF parcel located in the heart of the DTLA Arts District, east of the LA River and north of the I-10 Freeway. Building 1 offers 11,236 SF across two stories with flexible open layouts, 8' clear height on the ground floor and 11' on the second floor, 100A/120V/1-phase power, 4 offices totaling 1,812 SF, and full sprinkler coverage. Building 2 spans 6,466 SF with a soaring 22' clear height and 400A/120V/3-phase power, and is also sprinklered. Originally built in 1910, the property retains its architectural character while providing surface parking for 8 vehicles. Zoned LA M3, the site offers flexibility for industrial, creative, or adaptive reuse. Currently home to three legacy businesses—Broadway Knitting Mills, Albion Knitting Mills, and Broadway Cheerleading Sales—each with over a century of continuous operation.
Key Highlights
- 17,700 SF facility in the heart of the DTLA Arts District
- Flexible M3 zoning allows for industrial, creative, or adaptive reuse
- Two bow truss buildings with architectural character
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
$219,880
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
4.15%
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%
$4,397,600
$4.4M
Cap Rate 7%
$3,141,143
$3.1M
Cap Rate 9%
$2,443,111
$2.4M
Market Conditions
NOI Build-Up for 17,700 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
$335.6K $18.96/SF
− Vacancy
−$21.5K −$1.21/SF
EGI
$314.1K $17.75/SF
− OpEx
−$94.2K −$5.32/SF
NOI
$219.9K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$4,397,600
Cap Rate 7%
$3,141,143
Cap Rate 9%
$2,443,111
Alternative Uses
Best Use
Industrial
$3.14M
$2.75M – $3.66M
NOI $219,880 @ 7.0% cap · market cap 4.15%
Second Best
Flex RnD
$2.92M
$2.55M – $3.40M
NOI $204,174 @ 7.0% cap · market cap 3.85%
Theoretical Best
Multifamily LT 5
$358.59M
$313.77M – $418.36M
NOI $25,101,396 @ 7.0% cap · market cap 473.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,545
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 17,700 SF facility in the DTLA Arts District.
Where is this flex space located?
The property is located at 2152 Sacramento St Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 17,700 SF facility in the heart of the DTLA Arts District; Flexible M3 zoning allows for industrial, creative, or adaptive reuse; Two bow truss buildings with architectural character
