Flex Space with Covered
For Sale
Contact for pricing
5438 W 104th St, Los Angeles, CA 90045
Office and warehouse areas include dedicated restrooms, fluorescent lighting, and climate-controlled office space.
Property Size11,400 SF
Price / SF$434.21
Days on Market187
Property Features for 5438 W 104th St
General Information
Standard status
Active
Size
11,400 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Drive-In Doors
3
Listing Agency:
JLL
(626) 422-5819
Listed By:
Richard Tovar
(626) 422-5819
Source:
Moodyscre
Added: Jan 26
Changed: Jul 31
Last Checked: Aug 1 at 12:53PM
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 JLL
Investment Insights
Based on property information with market context.
This 11,400-square-foot flex space combines office and warehouse areas with practical loading and access features. The property includes 11 air-conditioned and heated offices, restrooms in both the offices and warehouse, and fluorescent lighting throughout the facility. A truck well and 30' covered dock support loading operations, while three ground-level doors provide additional access: one measuring 10'9" x 15' and two measuring 14' x 12'.
Located in Los Angeles near LAX, the property offers immediate access to the 405 Freeway. The combination of office accommodations, warehouse functionality, dock access, and multiple ground-level doors supports a range of commercial operational needs.
Located in Los Angeles near LAX, the property offers immediate access to the 405 Freeway. The combination of office accommodations, warehouse functionality, dock access, and multiple ground-level doors supports a range of commercial operational needs.
Key Highlights
- 11,400 square feet of flex space
- 11 A/C & heated offices
- Restrooms in both offices and warehouse
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 | $443.2k | $38.88 |
| − Vacancy | −$82.4k | −$7.23 |
| EGI | $360.8k | $31.65 |
| − OpEx | −$90.2k | −$7.91 |
| NOI | $270.6k | $23.74 |
11,400 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.87M
$3.38M – $4.51M
NOI $270,593 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$2.46M
$2.15M – $2.87M
NOI $171,964 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$230.96M
$202.09M – $269.45M
NOI $16,167,001 @ 7.0% cap · market cap 326.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
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
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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 - Office and warehouse areas include dedicated restrooms, fluorescent lighting, and climate-controlled office space.
Where is this flex space located?
The property is located at 5438 W 104th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 11,400 square feet of flex space; 11 A/C & heated offices; Restrooms in both offices and warehouse
