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    DTLA Arts District Bow Truss Title is generated by Realmo AI

    2152 Sacramento St, Los Angeles, CA 90021

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    17,700 SF facility in the DTLA Arts District.

    Type:Industrial
    Property size:
    17,700 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $330/SF
    Added:
    Jan 26, 2026
    Days on Market:
    110
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 2152 Sacramento St

    General Information

    Standard status
    Active
    Size
    17,700 SF
    Lot size
    0.32 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Bradley Luster
    Bradley Luster

    Listing agent Bradley Luster License #CA 00913803

    Listing office Major Properties

    Listing date Jan 26, 2026

    Source Crexi

    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

    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
    • Building 2 features a soaring 22' clear height and 400A/120V/3‑phase power
    • Includes surface parking for 8 vehicles
    • Three legacy businesses with over a century of operation are available for purchase

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $4.67M
    NOI $420,131 @ 9.00% cap · cautious / downside scenario
    Moderate
    $6.00M
    NOI $420,131 @ 7.00% cap · market / base-case scenario
    Aggressive
    $8.40M
    NOI $420,131 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $688.2k $38.88
    − Vacancy −$128.0k −$7.23
    EGI $560.2k $31.65
    − OpEx −$140.0k −$7.91
    NOI $420.1k $23.74
    17,700 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $6.00M
    $5.25M – $7.00M (±1% cap)
    NOI $420,131 @ 7.0% cap · market cap 7.18%
    Second Best
    Industrial
    $3.14M
    $2.75M – $3.66M (±1% cap)
    NOI $219,880 @ 7.0% cap · market cap 3.76%
    Theoretical Best
    Multifamily LT 5
    $358.59M
    $313.77M – $418.36M (±1% cap)
    NOI $25,101,396 @ 7.0% cap · market cap 429.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Broadway Cheerleading Corporate Office Broadway Knitting Mills (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Amtrak Catering Services International — 2450 Enterprise St, Los Angeles, CA 90021
    • LA CHATA TACOS - Quality Taco Bar Event Catering and Reliable Taco Restaurant — 1920 E Olympic Blvd, Los Angeles, CA 90021
    • LA CHATA TACOS - Quality Restaurant Los Angeles CA, Event Catering, Reliable Restaurant, Taco Bar Catering — 1920 e olympic blvd, los angeles, ca 90021
    • The Lobos Truck — Parking Lot, 1542 Fishburn Ave, Los Angeles, CA 90063
    • LA CHATA TACOS — 1920 e olympic blvd, los angeles, ca 90021

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2279088
    Latitude
    34.0304084

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    FAQs

    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 $5,850,000.
    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
    (213) 747-4151 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bradley Luster
    Bradley Luster
    Real Estate License ID: CA 00913803
    Learn More
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    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.

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