Downtown Los Angeles Creative
For Sale
Contact for pricing
607 E 4th Street, Los Angeles, CA 90013
Turn-key creative space in Downtown Los Angeles for sale.
Property Size2,690 SF
Price / SF$557.62
Days on Market110
Property Features for 607 E 4th Street
General Information
Standard status
Active
Size
2,690 SF
Property subtype
Retail, Office, Industrial
Building Details
Year Built
1910
Listing Agency:
Lee & Associates - Los Angeles - Downtown
(626) 786-7430
Listed By:
Evan Jurgensen · License #CA 01967347
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Aug 29 at 6:21AM
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 Lee & Associates - Los Angeles - Downtown
Investment Insights
Based on property information with market context.
The property at 607 E 4th Street, Los Angeles, offers approximately 2,690 square feet of creative space suitable for production, showroom, or office use. This freestanding brick building features an open layout and full HVAC. A rare remote-accessed garaged parking space is included, equipped with a Tesla charger and providing direct interior access.
Key Highlights
- Turn‑key creative space ideal for production, showroom, or office use.
- Rare remote‑accessed garaged parking space with Tesla charger and direct interior access.
- Freestanding brick building in Downtown Los Angeles.
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
$63,850
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
4.26%
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%
$1,277,000
$1.3M
Cap Rate 7%
$912,143
$912.1K
Cap Rate 9%
$709,444
$709.4K
Market Conditions
NOI Build-Up for 2,690 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
$104.6K $38.88/SF
− Vacancy
−$19.5K −$7.23/SF
EGI
$85.1K $31.65/SF
− OpEx
−$21.3K −$7.91/SF
NOI
$63.9K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
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%
$1,277,000
Cap Rate 7%
$912,143
Cap Rate 9%
$709,444
Alternative Uses
Best Use
Office B
$912.1K
$798.1K – $1.06M
NOI $63,850 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$891.8K
$780.3K – $1.04M
NOI $62,427 @ 7.0% cap · market cap 4.16%
Theoretical Best
Multifamily LT 5
$54.50M
$47.69M – $63.58M
NOI $3,814,845 @ 7.0% cap · market cap 254.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 90013, CA
15,589
Population
10,143
Households
1.5
Avg Household Size
43
Median Age
39%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
22,270
Density / Sq Mi
$32,848
Median Household Income
$54,250
Median Earnings
$1,161
Median Rent
$786,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Turn-key creative space in Downtown Los Angeles for sale.
Where is this creative space located?
The property is located at 607 E 4th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Turn‑key creative space ideal for production, showroom, or office use.; Rare remote‑accessed garaged parking space with Tesla charger and direct interior access.; Freestanding brick building in Downtown Los Angeles.
