Flex Space with Secured
For Sale
Contact for pricing
4373 Telegraph Road, Los Angeles, CA 90023
Fenced and gated commercial property with warehouse, office, workshop, and storage areas plus dual loading access.
Property Size4,500 SF
Lot Size0.24 Acres
Price / SF$399.78
Days on Market39
Property Features for 4373 Telegraph Road
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.24 Acres
Property subtype
Office, Industrial
Zoning
LCM1* - Light Commercial Manufacturing Unincorporated
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Power
200 amps
Voltage
240 V
Building Details
Year Built
1924
Buildings
1
Stories
1
Units
1
Building Size
4,500 SF
Listing Agency:
Keller Williams Larchmont
(323) 762-2600
Listed By:
Christina Kim · License #01431281
Source:
Crexi
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 29 at 11:02PM
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 Keller Williams Larchmont
Investment Insights
Based on property information with market context.
This one-story flex property contains approximately 4,500 square feet on an approximately 10,505-square-foot lot. The layout combines warehouse, office, workshop, and storage areas, with two grade-level loading doors, approximately 14-foot clear height, covered parking, and 200-amp/240-volt power. The site is fully fenced and gated, with a secured yard and dual gate access. Constructed in 1924, the property is zoned LCM1 - Light Commercial Manufacturing Unincorporated; permitted uses should be verified with Los Angeles County.
Telegraph Road frontage supports direct street access and truck circulation. The property offers access to Interstate 5 and Interstate 710, with Union Pacific rail nearby and connections to Downtown Los Angeles, Vernon, Commerce, and the Ports of Los Angeles and Long Beach.
Telegraph Road frontage supports direct street access and truck circulation. The property offers access to Interstate 5 and Interstate 710, with Union Pacific rail nearby and connections to Downtown Los Angeles, Vernon, Commerce, and the Ports of Los Angeles and Long Beach.
Key Highlights
- Approximately 4,500 SF one‑story flex building on an approximately 10,505 SF lot
- Fully fenced and gated site with secured yard and dual gate access
- Two grade‑level loading doors and approximately 14' clear height
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
$67,881
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
3.77%
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%
$1,357,620
$1.4M
Cap Rate 7%
$969,729
$969.7K
Cap Rate 9%
$754,233
$754.2K
Market Conditions
NOI Build-Up for 4,500 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
$85.3K $18.96/SF
− Vacancy
−$5.5K −$1.21/SF
EGI
$79.9K $17.75/SF
− OpEx
−$12.0K −$2.66/SF
NOI
$67.9K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,357,620
Cap Rate 7%
$969,729
Cap Rate 9%
$754,233
Alternative Uses
Best Use
Warehouse
$969.7K
$848.5K – $1.13M
NOI $67,881 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$798.6K
$698.8K – $931.7K
NOI $55,902 @ 7.0% cap · market cap 3.11%
Theoretical Best
Multifamily LT 5
$91.17M
$79.77M – $106.36M
NOI $6,381,711 @ 7.0% cap · market cap 354.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
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 - Fenced and gated commercial property with warehouse, office, workshop, and storage areas plus dual loading access.
Where is this flex space located?
The property is located at 4373 Telegraph Road Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Approximately 4,500 SF one‑story flex building on an approximately 10,505 SF lot; Fully fenced and gated site with secured yard and dual gate access; Two grade‑level loading doors and approximately 14' clear height
