Building Details

Building Size 4,320 SF

Year Built 1938

Buildings 1

Stories 1

Listing Agency: Einstein Realty

Listed By: ADRIAN MENESES · License #02147454 Show Phone

Source: Elliman

Added: Oct 23 Last Checked: Oct 23 at 5:13PM

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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 Einstein Realty

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Investment Insights

Based on property information with market context.

This single-story flex property contains approximately 4,320 square feet on a 4,397-square-foot lot. Built in 1938, the building is located along Western Avenue in South Los Angeles. Its reported M1 (Limited Industrial) zoning is subject to verification with the appropriate agencies; zoning regulations and city approvals govern permitted uses.

Gage Avenue and Slauson Avenue are nearby, and the property has access to I-110. The address places it within Los Angeles, with connectivity to Downtown Los Angeles and other commercial districts noted in the property information.

Key Highlights

• Approximately 4,320 square feet of building area
• 4,397‑square‑foot lot
• Reported M1 (Limited Industrial) zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,165

Cap Rate

7.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,303,300 $1.3M

Cap Rate 7%

$930,929 $930.9K

Cap Rate 9%

$724,056 $724.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,320 SF

Gross rent

$81.9K $18.96/SF

− Vacancy

−$5.2K −$1.21/SF

EGI

$76.7K $17.75/SF

− OpEx

−$11.5K −$2.66/SF

NOI

$65.2K $15.08/SF

Area

Los Angeles, CA

Vacancy

6.40%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,303,300

Cap Rate 7%

$930,929

Cap Rate 9%

$724,056

Alternative Uses

Best Use

Warehouse

$930.9K

$814.6K – $1.09M (±1% cap)

NOI $65,165 @ 7.0% cap · market cap 7.24%

Second Best

Industrial

$766.7K

$670.8K – $894.4K (±1% cap)

NOI $53,666 @ 7.0% cap · market cap 5.96%

Theoretical Best

Multifamily LT 5

$87.52M

$76.58M – $102.11M (±1% cap)

NOI $6,126,442 @ 7.0% cap · market cap 680.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Danny's Lawn Mower (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,190

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 90047, CA

50,154

Population

18,042

Households

2.8

Avg Household Size

39

Median Age

21%

College-Educated

81%

High-School Grad

4.7 sq mi

ZIP Area

10,671

Density / Sq Mi

$70,187

Median Household Income

$39,898

Median Earnings

$1,492

Median Rent

$648,200

Median Home Value

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - The commercial property occupies a Western Avenue site and carries reported M1 limited-industrial zoning.

Where is this flex space located?

The property is located at 6235 S Western Los Angeles, CA.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Approximately 4,320 square feet of building area; 4,397‑square‑foot lot; Reported M1 (Limited Industrial) zoning