Live-Work Loft with
For Sale
$599,000
360 W Avenue 26 Unit 100, Los Angeles, CA 90031
Ground-floor commercial frontage pairs with an open residential loft and separate entrances for flexible occupancy.
Property Size1,280 SF
Price / SF$467.97
Days on Market32
Property Features for 360 W Avenue 26 Unit 100
General Information
Standard status
Active
Size
1,280 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground
Amenities
guest parking
clubhouse
fitness center
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Nourmand & Associates-HW
(323) 462-6262
Listed By:
Gina Isaac · License #01437713
Source:
Myfabuloushome
Added: Jul 30
Changed: Aug 30
Last Checked: Aug 30 at 12:19AM
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 Nourmand & Associates-HW
Investment Insights
Based on property information with market context.
This 1,280-square-foot live-work property combines a street-facing commercial suite with an upper-level loft residence in a two-story layout. The ground floor includes Saltillo tile, granite counters, stainless steel appliances, a half bath, and under-stair storage. Above, the open-concept loft features 19-foot ceilings, natural light, plantation shutters, wood flooring, a full bathroom, and a walk-in closet. The property was built in 2006.
Three entrances support separation between residential and commercial activity, including two at ground level and a private second-floor entry reached by elevator. The property is adjacent to the Metro A Line and offers immediate freeway access. It is part of a mixed-use community with 167 residential condominium units above the storefronts, along with a clubhouse, fitness center, and guest parking. The property is located at 360 W Avenue 26 Unit 100 in Los Angeles.
Three entrances support separation between residential and commercial activity, including two at ground level and a private second-floor entry reached by elevator. The property is adjacent to the Metro A Line and offers immediate freeway access. It is part of a mixed-use community with 167 residential condominium units above the storefronts, along with a clubhouse, fitness center, and guest parking. The property is located at 360 W Avenue 26 Unit 100 in Los Angeles.
Key Highlights
- 1,280‑square‑foot two‑story live‑work layout with commercial space below and loft residence above
- Street‑level suite includes Saltillo tile, granite countertops, stainless steel appliances, half bath, and walk‑in storage
- Upper loft offers 19‑foot ceilings, natural light, wood flooring, full bathroom, and walk‑in closet
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
$30,382
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
5.07%
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%
$607,640
$607.6K
Cap Rate 7%
$434,029
$434.0K
Cap Rate 9%
$337,578
$337.6K
Market Conditions
NOI Build-Up for 1,280 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
$49.8K $38.88/SF
− Vacancy
−$9.3K −$7.23/SF
EGI
$40.5K $31.65/SF
− OpEx
−$10.1K −$7.91/SF
NOI
$30.4K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /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%
$607,640
Cap Rate 7%
$434,029
Cap Rate 9%
$337,578
Alternative Uses
Best Use
Office B
$434.0K
$379.8K – $506.4K
NOI $30,382 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 4.96%
Theoretical Best
Multifamily LT 5
$25.93M
$22.69M – $30.25M
NOI $1,815,242 @ 7.0% cap · market cap 303.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Ground-floor commercial frontage pairs with an open residential loft and separate entrances for flexible occupancy.
Where is this live-work space located?
The property is located at 360 W Avenue 26 Unit 100 Los Angeles, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,280‑square‑foot two‑story live‑work layout with commercial space below and loft residence above; Street‑level suite includes Saltillo tile, granite countertops, stainless steel appliances, half bath, and walk‑in storage; Upper loft offers 19‑foot ceilings, natural light, wood flooring, full bathroom, and walk‑in closet
