11-Suite Flex
New
For Sale
$3,585,000
314 W 58th St, Los Angeles, CA 90037
A gated parking parcel and rooftop solar complement the building’s flexible suite configuration.
Property Size27,572 SF
Price / SF$158.83
Days on Market2
Property Features for 314 W 58th St
General Information
Standard status
Active
Size
27,572 SF
Total Parking Spaces
18
Property subtype
Office Warehouse
Occupancy
26%
Site & Location
Neighborhood
South Los Angeles
Highway Access
Yes
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
2
Additional Details
Cap Rate
5.83%
Tenant in Place
Yes
Amenities
rooftop solar
Immediate Owner/User Control: 96% of the building, is vacant or month-to-month and controllable within 30 days, except one 989 SF suite leased through Dec. 2027.
Dedicated Gated Parking Parcel: The 6,052-square-foot lot at 309 W 58th Street provides approximately 18 secured spaces, materially improving functionality for employees, fleet vehicles etc.
Rooftop Solar System In Place: Existing rooftop solar helps offset common area electricity costs, reducing the landlord's utility burden and mitigating CAM expenses.
Grade-Level Loading: Two grade-level doors handle drive-in loading.
Flexible Eleven-Suite Layout: Supports continued multi-tenant operation, phased owner occupancy, or removal of partitioning to reconsolidate the floor plates for a single larger user.
Building Details
Building Size
27,572 SF
Year Built
1925
Buildings
1
Stories
2
Construction
masonry
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Ryan Rothstein-Serling · License #License(s): CA: 01920619, CA: 0204082
(818) 212-2725
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 3:05PM
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 Marcus & Millichap - Encino
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Investment Insights
Based on property information with market context.
The two-story masonry flex property at 314 W 58th St was built in 1925 and contains 11 suites. Two grade-level loading doors support industrial operations, while clear heights range from approximately 12 to 22 feet. Portions of the upper floor have bow-truss and sawtooth roof construction. Rooftop solar and a separate gated parking parcel measuring 6,052 square feet are also included; the parcel accommodates approximately 18 vehicles.
Seven vacant suites total approximately 20,302 square feet, and three month-to-month tenants occupy approximately 6,281 square feet. Suite 140, at 989 square feet, is leased through December 2027. The property is one block from the Harbor Freeway (I-110) and one block from the signalized junction of Slauson Avenue and South Broadway. The listing identifies access to Downtown Los Angeles, Vernon, and the Ports of Los Angeles and Long Beach.
Seven vacant suites total approximately 20,302 square feet, and three month-to-month tenants occupy approximately 6,281 square feet. Suite 140, at 989 square feet, is leased through December 2027. The property is one block from the Harbor Freeway (I-110) and one block from the signalized junction of Slauson Avenue and South Broadway. The listing identifies access to Downtown Los Angeles, Vernon, and the Ports of Los Angeles and Long Beach.
Key Highlights
- 11‑suite, two‑story masonry building constructed in 1925
- Two grade‑level loading doors; clear heights range from approximately 12 to 22 feet
- 6,052‑square‑foot gated parking parcel with approximately 18 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,939
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,478,780
$6.5M
Cap Rate 7%
$4,627,700
$4.6M
Cap Rate 9%
$3,599,322
$3.6M
Market Conditions
NOI Build-Up for 22,571 SF
Gross rent
$541.7K $24.00/SF
− Vacancy
−$43.3K −$1.92/SF
EGI
$498.4K $22.08/SF
− OpEx
−$174.4K −$7.73/SF
NOI
$323.9K $14.35/SF
Area
ZIP 90037
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,478,780
Cap Rate 7%
$4,627,700
Cap Rate 9%
$3,599,322
Alternative Uses
Best Use
Flex RnD
$4.63M
$4.05M – $5.40M
NOI $323,939 @ 7.0% cap · market cap 9.04%
Second Best
Industrial
$4.01M
$3.50M – $4.67M
NOI $280,390 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$8.84M
$7.74M – $10.32M
NOI $619,090 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
2
Drive-in doors
26%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,531
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Similar Off Market Nearby
- Eco Caters — 6130 Avalon Blvd, Los Angeles, CA 90003
- Délices Du Chef — 6130 Avalon Blvd, Los Angeles, CA 90003
- Churros La Paloma — 6101 S Central Ave, Los Angeles, CA 90001
- Avalon Foods Inc — 5625 s avalon blvd, los angeles, ca 90011
- About Time Catering Inc — 5625 Avalon Blvd, Los Angeles, CA 90011
Frequently Asked Questions
What type of property is this?
Flex space - A gated parking parcel and rooftop solar complement the building’s flexible suite configuration.
Where is this flex space located?
The property is located at 314 W 58th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,585,000.
What are key features of this property?
This property features: 11‑suite, two‑story masonry building constructed in 1925; Two grade‑level loading doors; clear heights range from approximately 12 to 22 feet; 6,052‑square‑foot gated parking parcel with approximately 18 spaces
