Flex Building with Dual
6238 S Manhattan, Los Angeles, CA 90047
For Sale
$1,450,000
Two storefronts on Western Avenue complement warehouse access from Manhattan Place.
Property Size4,320 SF
Price / SF$335.65
Days on Market125
Property Features for 6238 S Manhattan
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Mixed-Use Components
Warehouse & Industrial
Clear Height
Mezzanine
Additional Details
Property Use
Amenities
restrooms
unfinished loft
roll-up door
office space
air conditioner
air extraction system
Building Details
Building Size
Year Built
Buildings
Listing Agency:
LPT Realty, Inc
(310) 525-0528
Listed By:
George Kpachavi · License #01839703
(818) 605-8596
Source:
Thecorralesgroup
Added: Jul 7
Changed: Nov 7
Last Checked: Nov 7 at 8:32PM
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 LPT Realty, Inc
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Investment Insights
Based on property information with market context.
This 4,320-square-foot flex property combines warehouse space with two retail storefronts. The warehouse entrance is on Manhattan Place, while the storefronts face Western Avenue. Interior features include 20-foot ceilings, a roll-up door, office space, three restrooms, and an approximately 800-square-foot unfinished loft. An air extraction system is installed, and the office has a new air conditioner.
Built in 1952, the property has an updated roof from 2005, along with industrial electrical, lighting, and plumbing upgrades completed within the past few years.
Built in 1952, the property has an updated roof from 2005, along with industrial electrical, lighting, and plumbing upgrades completed within the past few years.
Key Highlights
- 4,320‑square‑foot flex property with two retail storefronts and separate warehouse access
- 20‑foot ceilings and a roll‑up door
- Approximately 800‑square‑foot unfinished loft, office, and three restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,255
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,005,100
$2.0M
Cap Rate 7%
$1,432,214
$1.4M
Cap Rate 9%
$1,113,944
$1.1M
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$159.7K $36.96/SF
− Vacancy
−$16.4K −$3.81/SF
EGI
$143.2K $33.15/SF
− OpEx
−$43.0K −$9.95/SF
NOI
$100.3K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,005,100
Cap Rate 7%
$1,432,214
Cap Rate 9%
$1,113,944
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,255 @ 7.0% cap · market cap 6.91%
Second Best
Warehouse
$930.9K
$814.6K – $1.09M
NOI $65,165 @ 7.0% cap · market cap 4.49%
Theoretical Best
Multifamily LT 5
$87.52M
$76.58M – $102.11M
NOI $6,126,442 @ 7.0% cap · market cap 422.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
20 ft
Clear height
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,377
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
$648,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Los Angeles, CA
Properties on Market for Flex space in Los Angeles
Vacancy Rate% for Industrial in Los Angeles, CA
Similar Off Market Nearby
- The Sauce Kitchen — 2064 W 66th St, Los Angeles, CA 90047
- K Michelle's Kitchen Catering — 6415 2nd Ave, Los Angeles, CA 90043
Frequently Asked Questions
What type of property is this?
Flex space - Two storefronts on Western Avenue complement warehouse access from Manhattan Place.
Where is this flex space located?
The property is located at 6238 S Manhattan Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,320‑square‑foot flex property with two retail storefronts and separate warehouse access; 20‑foot ceilings and a roll‑up door; Approximately 800‑square‑foot unfinished loft, office, and three restrooms
