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    Creative Office/Retail in Little Tokyo Title is generated by Realmo AI

    360 E 2nd St, Los Angeles, CA 90012

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    Creative office and retail space in the heart of Little Tokyo.

    Type:Retail, Industrial, Restaurant
    Property size:
    33,000 SF
    Added:
    Oct 2, 2018
    Days on Market:
    2803
    Last Refresh:
    May 12 at 9:25 pm

    Property Features for 360 E 2nd St

    General Information

    Standard status
    Active
    Size
    33,000 SF
    Property subtype
    Retail, Industrial, Restaurant

    Building Details

    Year Built
    1931

    Spaces For Lease

    at 360 E 2nd St Contact us

    We can help!

    Listing Contact
    Mitchell Hernandez

    Listing agent Mitchell Hernandez License #01875229

    Listing office Beta Agency, Inc.

    Listing date Oct 2, 2018

    Source Crexi

    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 Beta Agency, Inc.

    HighLights

    • Prime location in Little Tokyo, near the Arts District and Historic Core, offering access to numerous restaurants, bars, and shops.
    • Excellent transportation access: close to major freeways and the new Metro Regional Connector.
    • Creative office/retail building with high ceilings and street‑level retail space.
    • On‑site parking and multiple public parking decks nearby.
    • Walking distance to cultural attractions like the Geffen Contemporary at MOCA and the Hauser & Wirth Gallery Complex.
    • On the ground floor is the acclaimed Japanese Whisky Bar Wolf & Crane.

    Overview

    Originally built in 1931 as a warehouse for the Brunswig Drug Company, Brunswig Square is located at the corner of 2nd & Central, in the heart of Little Tokyo, two blocks west of the Arts District and 2.5 blocks east of the Historic Core. This creative office/retail building features seven floors of creative office space, views of Downtown Los Angeles, and high ceilings, with over 33,000 square feet of street-level retail. The building is located 0.5 miles from the 101, 1.7 miles from the 10, and 1.5 miles from the 5, providing access to L.A.’s major freeways. The new Metro Regional Connector across the intersection at 2nd & Central will provide direct service to Santa Monica, Pasadena, Long Beach, and more. Onsite parking is available, and there are 10 multi-story public parking decks within 2 blocks of the building. The Geffen Contemporary at MOCA is located about a block and a half away. The Hauser Wirth Gallery Complex is set to activate the neighborhood with its multi-disciplinary arts programming. Acclaimed Japanese Whisky Bar Wolf & Crane is located on the ground floor of the building. Neighborhood hotspots such as Angel City Brewery, Church & State, Far Bar, Redbird, and other restaurants, bars, and shops are within walking distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    ACG | Training, Management ... Marketing Consultant Process Server Los ... Law Firm A&G Marketing7 LLC Advertising Agency Herrera Law PC Law Firm ITque Tech Support Center

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Skin Care Clinic Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2401134
    Latitude
    34.0480524

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    FAQs

    What type of property is this?
    Mixed-use property - Creative office and retail space in the heart of Little Tokyo.
    Where is this mixed-use property located?
    The property is located at 360 E 2nd St Los Angeles, CA.
    What are key features of this property?
    This property features: Prime location in Little Tokyo, near the Arts District and Historic Core, offering access to numerous restaurants, bars, and shops.; Excellent transportation access: close to major freeways and the new Metro Regional Connector.; Creative office/retail building with high ceilings and street‑level retail space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mitchell Hernandez
    Real Estate License ID: 01875229
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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