Warner Center Development
21725 Erwin St Los Angeles, CA 91367
21725 Erwin St, Los Angeles, CA, 91367
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For Sale
Contact for pricing
Property in Warner Center with access to amenities and developments.
Property Size20,600 SF
Price / SF$412.62
Days on Market1002
Property Features for 21725 Erwin St
General Information
- Standard status
- Active
- Size
- 20,600 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agency
Westcord Commercial
Listed by
Brendan Pagani · License #CA 02095300
Source
Crexi
Added: Oct 24, 2023 Updated: Jul 10 at 11:22AM Checked: Jul 21 at 9:09AM
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 Westcord Commercial
Investment Insights
Based on property information with market context.
This property is strategically situated in Warner Center and is part of the city’s upcoming development plans. It offers convenient access to amenities such as the Westfield Village. The location also provides access to the upcoming mixed-use development by the Los Angeles Rams, which will feature their new practice facilities. Positioned within the Warner Center 2035 plan’s downtown district, this property is suitable for businesses and investors. The property size is 20600 square feet.
Key Highlights
- Prime location at the heart of Warner Center.
- Strategic positioning within the Warner Center 2035 plan's downtown district.
- Convenient access to amenities like Westfield Village.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $761.4k | $36.96 |
| − Vacancy | −$78.4k | −$3.81 |
| EGI | $683.0k | $33.15 |
| − OpEx | −$204.9k | −$9.95 |
| NOI | $478.1k | $23.21 |
20,600 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.83M
$5.98M – $7.97M
NOI $478,068 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$417.34M
$365.18M – $486.90M
NOI $29,214,054 @ 7.0% cap · market cap 343.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Property in Warner Center with access to amenities and developments.
Where is this retail space located?
The property is located at 21725 Erwin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Prime location at the heart of Warner Center.; Strategic positioning within the Warner Center 2035 plan's downtown district.; Convenient access to amenities like Westfield Village.
