Fashion District Industrial
For Sale
$2,680,000
517-519 E 9th Street, Los Angeles, CA 90014
Industrial building in the Fashion District, ideal for owner-user.
Property Size13,428 SF
Lot Size0.16 Acres
Price / SF$199.58
Days on Market202
Property Features for 517-519 E 9th Street
General Information
Standard status
Active
Size
13,428 SF
Lot size
0.16 Acres
Property subtype
Industrial
Building Details
Building Size
13,428 SF
Year Built
1923
Stories
2
Properties For Sale
at 517-519 E 9th Street
Available Space
Not For Lease
Size
13,428 SF
FOR SALE SALE PRICE: $ 2,680,000.00 Restrooms: 7 Please verify all information herein as broker does not warrant its accuracy.
Contact us
Listing Agency:
Daum Commercial
Listed By:
Bryan Abayan · License #CA 02005294
(310) 883-8476
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 6
Last Checked: Oct 20 at 5:05PM
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 Daum Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial building, located in the heart of the Fashion District, is ideal for an owner-user. Constructed in 1923, the brick and masonry building offers approximately 13,428 square feet of space on a 6,782 square foot lot. The property is zoned M2 and features a 12-foot clear height. An oversized freight elevator provides access throughout the building. The elevator has been recently refurbished. Natural light fills the space through skylights and large windows. The ground floor is currently available, while the second floor is occupied.
Key Highlights
- Ideal for Owner‑User in the Heart of the Fashion District
- M2 Zoning / ±13,428 SF on 6,782 SF Land
- Oversized Freight Elevator / Recently Refurbished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,811
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,336,220
$3.3M
Cap Rate 7%
$2,383,014
$2.4M
Cap Rate 9%
$1,853,456
$1.9M
Market Conditions
NOI Build-Up for 13,428 SF
Gross rent
$254.6K $18.96/SF
− Vacancy
−$16.3K −$1.21/SF
EGI
$238.3K $17.75/SF
− OpEx
−$71.5K −$5.32/SF
NOI
$166.8K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,336,220
Cap Rate 7%
$2,383,014
Cap Rate 9%
$1,853,456
Alternative Uses
Best Use
Industrial
$2.38M
$2.09M – $2.78M
NOI $166,811 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$272.04M
$238.04M – $317.38M
NOI $19,043,025 @ 7.0% cap · market cap 710.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
22,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 90014, CA
9,254
Population
7,618
Households
1.2
Avg Household Size
38
Median Age
43%
College-Educated
86%
High-School Grad
0.3 sq mi
ZIP Area
30,847
Density / Sq Mi
$33,822
Median Household Income
$61,856
Median Earnings
$1,604
Median Rent
$644,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building in the Fashion District, ideal for owner-user.
Where is this industrial property located?
The property is located at 517-519 E 9th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Ideal for Owner‑User in the Heart of the Fashion District; M2 Zoning / ±13,428 SF on 6,782 SF Land; Oversized Freight Elevator / Recently Refurbished
