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 Market154
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 Contact us- Suite
- ENTIRE
- Size
- 13,428 SF
- Availability
- Not For Lease
Available Space
FOR SALE SALE PRICE: $ 2,680,000.00 Restrooms: 7 Please verify all information herein...
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Listing Agency:
DAUM Commercial Real Estate
Listed By:
Bryan Abayan · License #CA 02005294
(310) 883-8476
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 25
Last Checked: Sep 2 at 1:14PM
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 Real Estate
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 = 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
$166,811
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
6.22%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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?
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
