Two-Building Flex and
2320 S Hill St Los Angeles, CA 90007
For Sale
Contact for pricing
Two-building complex with high-clear warehouse space, modern offices, and parking along Hill Street frontage.
Property Size11,154 SF
Price / SF$275
Days on Market100
Property Features for 2320 S Hill St
General Information
Standard status
Active
Size
11,154 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield
(213) 629-6528
Listed By:
Brandon Gill
(213) 629-6528
Source:
Moodyscre
Added: Apr 21
Changed: Jul 29
Last Checked: Jul 29 at 12:06PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This two-building complex combines high-clear warehouse space with modern office areas, providing a flexible setup for an owner-user or income-focused ownership. The property includes parking to support day-to-day operations across both buildings.
With Hill Street frontage for an entire block, the site offers prominent presence along the street. The location also provides convenient access to freeways and connections throughout downtown Los Angeles.
Offered for sale as a 2-building package, the property’s mix of warehouse functionality and office space is well suited for businesses that need both production/storage and administrative space in the same location.
With Hill Street frontage for an entire block, the site offers prominent presence along the street. The location also provides convenient access to freeways and connections throughout downtown Los Angeles.
Offered for sale as a 2-building package, the property’s mix of warehouse functionality and office space is well suited for businesses that need both production/storage and administrative space in the same location.
Key Highlights
- Two‑building complex with high‑clear warehouse space and modern offices
- Hill Street frontage along an entire block
- Parking available on‑site for the two‑building complex
Financial Insights For Office B
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 | $433.7k | $38.88 |
| − Vacancy | −$80.7k | −$7.23 |
| EGI | $353.0k | $31.65 |
| − OpEx | −$88.3k | −$7.91 |
| NOI | $264.8k | $23.74 |
11,154 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.78M
$3.31M – $4.41M
NOI $264,754 @ 7.0% cap · market cap 8.63%
Second Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,253 @ 7.0% cap · market cap 5.49%
Theoretical Best
Multifamily LT 5
$225.97M
$197.73M – $263.64M
NOI $15,818,134 @ 7.0% cap · market cap 515.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Savore Cuisine & Events — 3655 S Grand Ave #235, Los Angeles, CA 90007
- Ala Carte Catering Inc — 924 W Washington Blvd, Los Angeles, CA 90015
- Cater Craft Foods Inc — 924 W Washington Blvd, Los Angeles, CA 90015
- Tender Grill — 924 W Washington Blvd, Los Angeles, CA 90007
- RoadStoves — 924 W Washington Blvd, Los Angeles, CA 90015
Frequently Asked Questions
What type of property is this?
Flex space - Two-building complex with high-clear warehouse space, modern offices, and parking along Hill Street frontage.
Where is this flex space located?
The property is located at 2320 S Hill St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,067,350.
What are key features of this property?
This property features: Two‑building complex with high‑clear warehouse space and modern offices; Hill Street frontage along an entire block; Parking available on‑site for the two‑building complex
