Freestanding Flex
For Sale
Contact for pricing
5431 W 104th St, Los Angeles, CA 90045
Modern office finishes support a flexible warehouse configuration with dock-high loading.
Property Size41,656 SF
Price / SF$431.99
Days on Market361
Property Features for 5431 W 104th St
General Information
Standard status
Active
Size
41,656 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Listing Agency:
Newmark - Los Angeles
(310) 980-1208
Listed By:
Andrew Jennison · License #01275687
(310) 980-1208
Source:
Moodyscre
Added: Aug 6, 2025
Changed: Jul 31
Last Checked: Aug 1 at 5:39AM
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 Newmark - Los Angeles
Investment Insights
Based on property information with market context.
This 41,656-square-foot freestanding building is currently configured for flex and warehouse use, with modern office space featuring high-end finishes. The property includes 2 large exterior roll-up doors and a truck well for dock-high loading, supporting both office and warehouse functions.
Gated parking and loading areas are provided, with potential for additional parking. The building may also offer approximately 14,974 SF of additional expansion space. The property is located at 5431 W 104th St in Los Angeles, California 90045.
Gated parking and loading areas are provided, with potential for additional parking. The building may also offer approximately 14,974 SF of additional expansion space. The property is located at 5431 W 104th St in Los Angeles, California 90045.
Key Highlights
- 41,656‑square‑foot freestanding flex and warehouse building
- Modern office space with high‑end finishes
- 2 large exterior roll‑up doors
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 | $1.62M | $38.88 |
| − Vacancy | −$301.2k | −$7.23 |
| EGI | $1.32M | $31.65 |
| − OpEx | −$329.6k | −$7.91 |
| NOI | $988.8k | $23.74 |
41,656 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.13M
$12.36M – $16.48M
NOI $988,757 @ 7.0% cap · market cap 5.49%
Second Best
Warehouse
$8.98M
$7.85M – $10.47M
NOI $628,363 @ 7.0% cap · market cap 3.49%
Theoretical Best
Multifamily LT 5
$843.93M
$738.43M – $984.58M
NOI $59,074,788 @ 7.0% cap · market cap 328.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90045, CA
41,035
Population
17,981
Households
2.3
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
3,800
Density / Sq Mi
$132,577
Median Household Income
$68,684
Median Earnings
$2,909
Median Rent
$1,322,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Oscar’s sushi kitchen — 5351 W 102nd St, Los Angeles, CA 90045
Frequently Asked Questions
What type of property is this?
Flex space - Modern office finishes support a flexible warehouse configuration with dock-high loading.
Where is this flex space located?
The property is located at 5431 W 104th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $17,995,000.
What are key features of this property?
This property features: 41,656‑square‑foot freestanding flex and warehouse building; Modern office space with high‑end finishes; 2 large exterior roll‑up doors
