MR1 Light Industrial Flex
5254 Alhambra Los Angeles, CA 90032
For Sale
$825,000
MR1 light industrial building on a rectangular 25-by-100-foot lot with an unpermitted additional improvement.
Property Size2,160 SF
Lot Size0.06 Acres
Price / SF$381.94
Days on Market8
Property Features for 5254 Alhambra
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Lot size
- 0.06 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1939
Listing Agency:
Mark 1 Real Estate, Inc.
(714) 752-5718
Listed By:
Miguel Chavez · License #01031517
Source:
Xome
Added: Jul 17
Changed: Jul 24
Last Checked: Jul 24 at 5:19AM
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 Mark 1 Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 5254 Alhambra, Los Angeles, CA 90032, this MR1 light industrial property includes an approximately 2,160-square-foot building situated on a rectangular 25-by-100-foot lot. The building is reported to be in average condition, providing a practical base for continued use, repositioning, or improvements. An additional approximately 300-square-foot improvement exists and is currently unpermitted.
The property is described as a mixed-use opportunity in the heart of El Sereno, just minutes from California State University, Los Angeles, and with access to the 710 Freeway. It is offered for sale with zoning as MR1 (subject to applicable City and County requirements and buyer verification).
Subject to zoning, permitting, and buyer due diligence/verification, the seller notes potential cannabis-related opportunities may exist. The warehouse component, heavy power capability, and flexible layout are cited as factors that may support a variety of uses, including light industrial, storage, creative workspace, showroom, and service-based operations, along with other approved commercial or mixed-use applications.
The property is described as a mixed-use opportunity in the heart of El Sereno, just minutes from California State University, Los Angeles, and with access to the 710 Freeway. It is offered for sale with zoning as MR1 (subject to applicable City and County requirements and buyer verification).
Subject to zoning, permitting, and buyer due diligence/verification, the seller notes potential cannabis-related opportunities may exist. The warehouse component, heavy power capability, and flexible layout are cited as factors that may support a variety of uses, including light industrial, storage, creative workspace, showroom, and service-based operations, along with other approved commercial or mixed-use applications.
Key Highlights
- Zoned MR1 light industrial (subject to applicable City and County requirements and buyer verification).
- Approximately 2,160‑square‑foot building on a rectangular 25‑by‑100‑foot lot.
- Additional approximately 300‑square‑foot improvement exists and is currently unpermitted.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $38.88 |
| − Vacancy | −$15.6k | −$7.23 |
| EGI | $68.4k | $31.65 |
| − OpEx | −$17.1k | −$7.91 |
| NOI | $51.3k | $23.74 |
2,160 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$732.4K
$640.9K – $854.5K
NOI $51,270 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$383.3K
$335.4K – $447.2K
NOI $26,833 @ 7.0% cap · market cap 3.25%
Theoretical Best
Multifamily LT 5
$43.76M
$38.29M – $51.05M
NOI $3,063,221 @ 7.0% cap · market cap 371.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GoodMood Creative Space
Clothing Store
Similar Off Market Nearby
- Tacos el Chavo al Carbon! — 5370 templeton st, los angeles, ca 90032
FAQs
What type of property is this?
Flex space - MR1 light industrial building on a rectangular 25-by-100-foot lot with an unpermitted additional improvement.
Where is this flex space located?
The property is located at 5254 Alhambra Los Angeles, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Zoned MR1 light industrial (subject to applicable City and County requirements and buyer verification).; Approximately 2,160‑square‑foot building on a rectangular 25‑by‑100‑foot lot.; Additional approximately 300‑square‑foot improvement exists and is currently unpermitted.
