Industrial Building in Opportunity
For Sale
$1,150,000
770 E 17th St, Los Angeles, CA 90021
3,283 SF industrial building with office space and secure parking.
Property Size3,283 SF
Price / SF$350.29
Days on Market162
Property Features for 770 E 17th St
General Information
Standard status
Active
Size
3,283 SF
Property subtype
Industrial
Building Details
Building Size
3,283 SF
Year Built
1990
Listing Agency:
Lee & Associates - LA North - Calabasas
(818) 444-4919
Listed By:
Eugene Kim · License #CalDRE #01521416
Source:
Lee-associates
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 15 at 4:25AM
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 - LA North - Calabasas
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 = 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
$40,783
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
3.55%
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%
$815,660
$815.7K
Cap Rate 7%
$582,614
$582.6K
Cap Rate 9%
$453,144
$453.1K
Market Conditions
NOI Build-Up for 3,283 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
$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 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%
$815,660
Cap Rate 7%
$582,614
Cap Rate 9%
$453,144
Alternative Uses
Best Use
Industrial
$582.6K
$509.8K – $679.7K
NOI $40,783 @ 7.0% cap · market cap 3.55%
Second Best
Flex RnD
$541.0K
$473.4K – $631.2K
NOI $37,870 @ 7.0% cap · market cap 3.29%
Theoretical Best
Multifamily LT 5
$66.51M
$58.20M – $77.60M
NOI $4,655,813 @ 7.0% cap · market cap 404.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,286
Businesses Nearby
Balanced
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
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
