Flex Space with Spray
New
For Sale
$1,650,000
Pending
4437 Telegraph, Los Angeles, CA 90023
Seven studio suites have month-to-month leases, with a separate live/work area in the building.
Property Size5,400 SF
Days on Market3
Property Features for 4437 Telegraph
General Information
Standard status
Pending
Size
5,400 SF
Total Parking Spaces
7
Property subtype
Industrial
Warehouse & Industrial
Drive-In Doors
1
Power
400 amps
Voltage
240 V
Three-Phase Power
Yes
Amenities
secure gated entrance
Building Details
Building Size
5,400 SF
Year Built
1964
Year Renovated
2018
Units
8
Listing Agency:
Coldwell Banker Realty Pasadena
Listed By:
Jeff Wiggins · License #01754343
(626) 449-5222
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:46AM
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 Coldwell Banker Realty Pasadena
Investment Insights
Based on property information with market context.
This freestanding flex property contains 5,400 square feet and was renovated in 2018. Its current configuration includes seven rented studio spaces and a dedicated live/work area with a kitchen, bathroom with shower and tub, and washer/dryer connections. Building features include central heating and air conditioning, skylights, a gated entrance, and parking for approximately 6–7 vehicles.
The main studio has an operational spray booth, ground-level roll-up door access, and 400-amp, 240-volt, three-phase power. The studio spaces are leased month to month.
The main studio has an operational spray booth, ground-level roll-up door access, and 400-amp, 240-volt, three-phase power. The studio spaces are leased month to month.
Key Highlights
- 5,400‑square‑foot freestanding flex property, renovated in 2018
- Seven rented studio spaces with month‑to‑month leases
- Dedicated live/work area with kitchen, full bathroom, and washer/dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,176
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,563,520
$2.6M
Cap Rate 7%
$1,831,086
$1.8M
Cap Rate 9%
$1,424,178
$1.4M
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$210.0K $38.88/SF
− Vacancy
−$39.1K −$7.23/SF
EGI
$170.9K $31.65/SF
− OpEx
−$42.7K −$7.91/SF
NOI
$128.2K $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 Rate 5%
$2,563,520
Cap Rate 7%
$1,831,086
Cap Rate 9%
$1,424,178
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,176 @ 7.0% cap · market cap 7.77%
Second Best
Mixed Use
$1.56M
$1.37M – $1.82M
NOI $109,350 @ 7.0% cap · market cap 6.63%
Theoretical Best
Multifamily LT 5
$109.40M
$95.73M – $127.63M
NOI $7,658,053 @ 7.0% cap · market cap 464.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Seven studio suites have month-to-month leases, with a separate live/work area in the building.
Where is this flex space located?
The property is located at 4437 Telegraph 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: 5,400‑square‑foot freestanding flex property, renovated in 2018; Seven rented studio spaces with month‑to‑month leases; Dedicated live/work area with kitchen, full bathroom, and washer/dryer connections
