Renovated Warehouse
For Sale
$1,550,000
4943 4941 Telegraph Rd, Los Angeles, CA 90022
Renovated warehouse with new HVAC, roof, flooring, and bathrooms, currently operating as an owner-run showroom.
Property Size5,097 SF
Days on Market101
Property Features for 4943 4941 Telegraph Rd
General Information
Standard status
Active
Size
5,097 SF
Property subtype
Industrial
Building Details
Building Size
5,097 SF
Year Built
1948
Listing Agency:
Maxwell Realty Inc
(818) 883-0038
Listed By:
Tony Adjian · License #01994912
(818) 883-0038
Source:
Elliman
Added: Apr 29
Changed: Aug 7
Last Checked: Aug 7 at 5:41AM
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 Maxwell Realty Inc
Investment Insights
Based on property information with market context.
This commercial warehouse is currently run and operating by the owner as a showroom for his business. The seller has completed renovations including new HVAC, a new roof, new flooring, and new bathrooms. The property is offered for sale with its showroom-ready operating layout in place.
The unique site shows off the 5 freeway when driving. Public transit, walkability, and bikeability are supported by a walkScore of 90 (Very Walkable), transitScore of 59 (Good Transit), and bikeScore of 61 (Bikeable). Zoning is listed as LCM1*.
With recent mechanical, roof, and interior improvements already completed, the warehouse is positioned for an owner-user looking to maintain a showroom function, or for a buyer seeking to lease the space to tenants.
The unique site shows off the 5 freeway when driving. Public transit, walkability, and bikeability are supported by a walkScore of 90 (Very Walkable), transitScore of 59 (Good Transit), and bikeScore of 61 (Bikeable). Zoning is listed as LCM1*.
With recent mechanical, roof, and interior improvements already completed, the warehouse is positioned for an owner-user looking to maintain a showroom function, or for a buyer seeking to lease the space to tenants.
Key Highlights
- Commercial warehouse built in 1948 with 5,000+ SF, currently operating as an owner‑run showroom
- Renovations include new HVAC, roof, flooring, and newly updated bathrooms
- Zoning is LCM1*
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
$128,837
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
8.31%
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%
$2,576,740
$2.6M
Cap Rate 7%
$1,840,529
$1.8M
Cap Rate 9%
$1,431,522
$1.4M
Market Conditions
NOI Build-Up for 5,097 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
$188.4K $36.96/SF
− Vacancy
−$4.3K −$0.85/SF
EGI
$184.1K $36.11/SF
− OpEx
−$55.2K −$10.83/SF
NOI
$128.8K $25.28/SF
Area
ZIP 90022
Vacancy
2.30%
Lease Rate
$36.96 /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%
$2,576,740
Cap Rate 7%
$1,840,529
Cap Rate 9%
$1,431,522
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,837 @ 7.0% cap · market cap 8.31%
Second Best
Flex RnD
$1.32M
$1.16M – $1.54M
NOI $92,434 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,369 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated warehouse with new HVAC, roof, flooring, and bathrooms, currently operating as an owner-run showroom.
Where is this flex space located?
The property is located at 4943 4941 Telegraph Rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Commercial warehouse built in 1948 with 5,000+ SF, currently operating as an owner‑run showroom; Renovations include new HVAC, roof, flooring, and newly updated bathrooms; Zoning is LCM1*
