Industrial Condo with Secured
For Sale
Contact for pricing
3431-3499 S Main St, Los Angeles, CA 90007
Industrial condo featuring a sprinkler system, central heating and air, and a secured remote-controlled gate.
Property Size3,477 SF
Price / SF$272.94
Days on Market511
Property Features for 3431-3499 S Main St
General Information
Standard status
Active
Size
3,477 SF
Property subtype
INDUSTRIAL
Listing Agency:
Newmark
(949) 608-2000
Listed By:
Brent Koo · License #01915382
(213) 503-0606
Source:
Moodyscre
Added: Apr 17, 2025
Changed: Aug 10
Last Checked: Sep 8 at 4:14AM
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 Newmark
Investment Insights
Based on property information with market context.
This industrial condo offers flex space functionality for a range of industrial uses. The unit is equipped with a sprinkler system and central air conditioning and heating for climate control. A secured, remote-controlled gate supports controlled access, and the property includes an indoor parking space.
The property is located at 3431–3499 S Main St in Los Angeles, CA 90007.
As an industrial condo, the space is designed for practical day-to-day operations, combining building systems and controlled access with indoor parking.
The property is located at 3431–3499 S Main St in Los Angeles, CA 90007.
As an industrial condo, the space is designed for practical day-to-day operations, combining building systems and controlled access with indoor parking.
Key Highlights
- Industrial condo equipped with a sprinkler system
- Central A/C and heating for year‑round climate control
- Secured, remote‑controlled gate
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
$43,193
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
4.55%
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%
$863,860
$863.9K
Cap Rate 7%
$617,043
$617.0K
Cap Rate 9%
$479,922
$479.9K
Market Conditions
NOI Build-Up for 3,477 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
$65.9K $18.96/SF
− Vacancy
−$4.2K −$1.21/SF
EGI
$61.7K $17.75/SF
− OpEx
−$18.5K −$5.32/SF
NOI
$43.2K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$863,860
Cap Rate 7%
$617,043
Cap Rate 9%
$479,922
Alternative Uses
Best Use
Industrial
$617.0K
$539.9K – $719.9K
NOI $43,193 @ 7.0% cap · market cap 4.55%
Second Best
Flex RnD
$573.0K
$501.4K – $668.5K
NOI $40,108 @ 7.0% cap · market cap 4.23%
Theoretical Best
Multifamily LT 5
$70.44M
$61.64M – $82.18M
NOI $4,930,935 @ 7.0% cap · market cap 519.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,525
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo featuring a sprinkler system, central heating and air, and a secured remote-controlled gate.
Where is this flex space located?
The property is located at 3431-3499 S Main St Los Angeles, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Industrial condo equipped with a sprinkler system; Central A/C and heating for year‑round climate control; Secured, remote‑controlled gate
