Vacant Flex Space with
New
For Sale
$1,650,000
3408 Trinity, Los Angeles, CA 90011
Two-building industrial property with showroom, warehouse, office, and mezzanine space under M1-1-CPIO zoning.
Property Size4,710 SF
Lot Size0.16 Acres
Price / SF$350.32
Days on Market2
Property Features for 3408 Trinity
General Information
Standard status
Active
Size
4,710 SF
Lot size
0.16 Acres
Property subtype
Industrial
Zoning
M1-1-CPIO
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Building Size
4,710 SF
Year Built
1970
Buildings
2
Listing Agency:
KW Commercial Kirk Garabedian | KW Commercial
(818) 432-3200
Listed By:
Kirk Garabedian · License #01216376
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 9:03AM
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 KW Commercial Kirk Garabedian | KW Commercial
Investment Insights
Based on property information with market context.
This flex property includes two separate industrial buildings on a 6,814-square-foot corner parcel. The front structure contains approximately 1,000 square feet of showroom and workshop area with approximately 11.5-foot clear height. The rear building provides approximately 3,700 square feet of warehouse and office space, approximately 10 feet of warehouse clearance, and a mezzanine for additional storage or workspace. Originally constructed in 1970, the property will be delivered 100% vacant at closing.
M1-1-CPIO zoning designates the site for limited industrial use and supports light industrial, manufacturing, fabrication, warehouse, contractor, wholesale, and commercial applications identified for the property. The site is less than five miles from Downtown Los Angeles, with access to I-10, I-110, I-5, SR-60, and I-710. The property is located at the intersection of Trinity Street and Jefferson Boulevard and has walk, bike, and transit scores of 86, 87, and 85, respectively.
M1-1-CPIO zoning designates the site for limited industrial use and supports light industrial, manufacturing, fabrication, warehouse, contractor, wholesale, and commercial applications identified for the property. The site is less than five miles from Downtown Los Angeles, with access to I-10, I-110, I-5, SR-60, and I-710. The property is located at the intersection of Trinity Street and Jefferson Boulevard and has walk, bike, and transit scores of 86, 87, and 85, respectively.
Key Highlights
- 6,814 SF corner parcel at Trinity Street and Jefferson Boulevard
- Approximately 4,710 square feet of industrial space in two separate buildings
- Front building includes approximately 1,000 SF of showroom/workshop space
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
$120,825
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
7.32%
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%
$2,416,500
$2.4M
Cap Rate 7%
$1,726,071
$1.7M
Cap Rate 9%
$1,342,500
$1.3M
Market Conditions
NOI Build-Up for 4,710 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
$193.9K $41.16/SF
− Vacancy
−$32.8K −$6.96/SF
EGI
$161.1K $34.20/SF
− OpEx
−$40.3K −$8.55/SF
NOI
$120.8K $25.65/SF
Area
ZIP 90011
Vacancy
16.90%
Lease Rate
$41.16 /SF/Yr
Expense Ratio
25.00%
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%
$2,416,500
Cap Rate 7%
$1,726,071
Cap Rate 9%
$1,342,500
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.01M
NOI $120,825 @ 7.0% cap · market cap 7.32%
Second Best
Retail
$1.70M
$1.49M – $1.98M
NOI $119,054 @ 7.0% cap · market cap 7.22%
Theoretical Best
Multifamily LT 5
$95.42M
$83.49M – $111.33M
NOI $6,679,524 @ 7.0% cap · market cap 404.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
Market
Vacancy Rate% for Office in West region
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 - Two-building industrial property with showroom, warehouse, office, and mezzanine space under M1-1-CPIO zoning.
Where is this flex space located?
The property is located at 3408 Trinity Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,814 SF corner parcel at Trinity Street and Jefferson Boulevard; Approximately 4,710 square feet of industrial space in two separate buildings; Front building includes approximately 1,000 SF of showroom/workshop space
