770 E 17th St, Los Angeles, CA 90021

Building Details

Building Size 3,283 SF More

Year Built 1990 More

Listing Agency: Lee & Associates

Listed By: Eugene Kim · License CA #01521416 Show Phone

Source: Lee-associates

Added: Mar 6 Changed: Aug 14 Last Checked: Nov 14 at 3:30AM

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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 Lee & Associates

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The property is an approximately 3,283 square foot industrial building located in Los Angeles. It features a 15 foot 2 inch clearance, a 12 foot high by 10 foot wide roll-up gate, and approximately 350 square feet of office space. The property is located in an Opportunity Zone. It is fenced and secured, and includes two car parking spaces, with ample street parking available. The building offers quick access to the 10 Freeway.

Key Highlights

• Quick Access to 10 Freeway
• Approximately 3,283 SF Industrial Building
• Fenced and Secured

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,783

Cap Rate

3.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$815,660 $815.7K

Cap Rate 7%

$582,614 $582.6K

Cap Rate 9%

$453,144 $453.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,283 SF

Gross rent

$62.2K $18.96/SF

− Vacancy

−$4.0K −$1.21/SF

EGI

$58.3K $17.75/SF

− OpEx

−$17.5K −$5.32/SF

NOI

$40.8K $12.42/SF

Area

Los Angeles, CA

Vacancy

6.40%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$815,660

Cap Rate 7%

$582,614

Cap Rate 9%

$453,144

Alternative Uses

Best Use

Industrial

$582.6K

$509.8K – $679.7K (±1% cap)

NOI $40,783 @ 7.0% cap · market cap 3.55%

Second Best

Flex RnD

$541.0K

$473.4K – $631.2K (±1% cap)

NOI $37,870 @ 7.0% cap · market cap 3.29%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,948 @ 7.0% cap · market cap 8.34%

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

Open Analytics

Current Use

Futuron Co. Clothing & Fashion Store

Suggested Use

Top Pick Tanning Salon Daycare Center (Bike/Boat/Book/etc) Store Adult Day Care Nursing Home Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

5,136

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 90021, CA

5,192

Population

1,694

Households

3.1

Avg Household Size

46

Median Age

20%

College-Educated

64%

High-School Grad

2.0 sq mi

ZIP Area

2,596

Density / Sq Mi

$32,250

Median Household Income

$35,528

Median Earnings

$984

Median Rent

$1,075,800

Median Home Value

Market

Average Price Trend$/SF for Flex space in Los Angeles, CA

$502 Jul

$444 Aug

$560 Sep

$524 Oct

Properties on Market for Flex space in Los Angeles

Jul

Aug

Sep

Oct

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 - 3,283 SF industrial building with office space and secure parking.

Where is this flex space located?

The property is located at 770 E 17th St Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Quick Access to 10 Freeway; Approximately 3,283 SF Industrial Building; Fenced and Secured