Renovated Office & Warehouse
For Sale
$1,227,200
785 E 14th Street, Los Angeles, CA 90021
Move-in ready office and warehouse in the Textile/Garment District.
Property Size4,160 SF
Price / SF$295
Days on Market126
Property Features for 785 E 14th Street
General Information
Standard status
Active
Size
4,160 SF
Property subtype
Industrial
Building Details
Year Built
1965
Listing Agency:
Daum Commercial
(213) 270-2224
Listed By:
Sean Kim · License #CA 02030559
(213) 270-2224
Source:
Daumcommercial
Added: Apr 3
Changed: Jul 10
Last Checked: Aug 6 at 3:24AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This is a newly renovated office and warehouse space in move-in ready condition. It features central A/C, a skylight, and LED lights. The property is located in the heart of the Textile/Garment District, two blocks from the wholesale market and three blocks from the Santa Monica Fwy 10. The property size is 4160 square feet.
Key Highlights
- Move‑In Ready Condition
- Newly Renovated Office & Warehouse
- In the Heart of the Textile/Garment District
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
$98,743
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
8.05%
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%
$1,974,860
$2.0M
Cap Rate 7%
$1,410,614
$1.4M
Cap Rate 9%
$1,097,144
$1.1M
Market Conditions
NOI Build-Up for 4,160 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
$161.7K $38.88/SF
− Vacancy
−$30.1K −$7.23/SF
EGI
$131.7K $31.65/SF
− OpEx
−$32.9K −$7.91/SF
NOI
$98.7K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
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%
$1,974,860
Cap Rate 7%
$1,410,614
Cap Rate 9%
$1,097,144
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.65M
NOI $98,743 @ 7.0% cap · market cap 8.05%
Second Best
Warehouse
$896.5K
$784.4K – $1.05M
NOI $62,752 @ 7.0% cap · market cap 5.11%
Theoretical Best
Multifamily LT 5
$84.28M
$73.74M – $98.33M
NOI $5,899,537 @ 7.0% cap · market cap 480.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,884
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Move-in ready office and warehouse in the Textile/Garment District.
Where is this warehouse located?
The property is located at 785 E 14th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,227,200.
What are key features of this property?
This property features: Move‑In Ready Condition; Newly Renovated Office & Warehouse; In the Heart of the Textile/Garment District
