Recently Renovated Creative Flex
6602-6610 Lexington Ave Los Angeles, CA 90038
For Sale
Contact for pricing
Multi-tenant creative flex building recently renovated to support creative users, totaling 20,000 square feet for sale.
Property Size20,000 SF
Price / SF$645
Days on Market181
Property Features for 6602-6610 Lexington Ave
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
South Park Group
(323) 782-1261
Listed By:
Sam Minasian
(323) 782-1261
Source:
Moodyscre
Added: Jan 26
Changed: Jul 25
Last Checked: Jul 25 at 1:54PM
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 South Park Group
Investment Insights
Based on property information with market context.
This multi-tenant creative flex building at 6602–6610 Lexington Ave in Los Angeles offers a creative corner configuration and recently renovated interiors intended to meet creative users’ needs. The property is presented for sale as a 20,000-square-foot asset with multiple suites.
The building’s layout is positioned to serve creative and office-style occupancy, with recent renovations aimed at modernizing the space. Ownership is being offered to parties looking for a renovated multi-tenant platform within the creative flex category.
The offering includes the full building and its existing multi-tenant improvements, providing a turn-key package for buyers seeking a creative-focused commercial property.
The building’s layout is positioned to serve creative and office-style occupancy, with recent renovations aimed at modernizing the space. Ownership is being offered to parties looking for a renovated multi-tenant platform within the creative flex category.
The offering includes the full building and its existing multi-tenant improvements, providing a turn-key package for buyers seeking a creative-focused commercial property.
Key Highlights
- Multi‑tenant creative flex building for sale totaling 20,000 SF
- Recently renovated to support creative users' needs
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 | $777.6k | $38.88 |
| − Vacancy | −$144.6k | −$7.23 |
| EGI | $633.0k | $31.65 |
| − OpEx | −$158.2k | −$7.91 |
| NOI | $474.7k | $23.74 |
20,000 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.78M
$5.93M – $7.91M
NOI $474,725 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$3.55M
$3.11M – $4.14M
NOI $248,452 @ 7.0% cap · market cap 1.93%
Theoretical Best
Multifamily LT 5
$405.19M
$354.54M – $472.72M
NOI $28,363,159 @ 7.0% cap · market cap 219.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Creative space
FAQs
What type of property is this?
Creative space - Multi-tenant creative flex building recently renovated to support creative users, totaling 20,000 square feet for sale.
Where is this creative space located?
The property is located at 6602-6610 Lexington Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Multi‑tenant creative flex building for sale totaling 20,000 SF; Recently renovated to support creative users' needs
