Flex Space with Loading
For Sale
Contact for pricing
794 E 18th St, Los Angeles, CA 90021
Vacant industrial property combining warehouse, office, gated parking, and substantial electrical capacity.
Property Size5,400 SF
Price / SF$370.37
Days on Market55
Property Features for 794 E 18th St
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
5
Property subtype
Industrial, Office
Zoning
LA M2
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
1
Power
400 amps
Amenities
400-amp electrical service
ground-level loading door
Building Details
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Major Properties
Listed By:
Jamie Kennedy · License #02426913
(412) 589-2751
Source:
Crexi
Added: Jul 27
Changed: Sep 8
Last Checked: Sep 19 at 6:43AM
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 Major Properties
Investment Insights
Based on property information with market context.
This 5,400-square-foot flex property combines warehouse and manufacturing space with a substantial office component. Improvements include 400-amp electrical service, a ground-level loading door, and secure gated parking. The building was constructed in 1968 and is zoned LA M2. Delivery vacant supports immediate occupancy by an owner-user or expansion of an existing operation.
The property is located at 794 E 18th St in Los Angeles, one block north of Washington Boulevard and the Metro A Line San Pedro Street Station. The Santa Monica (I-10) Freeway is one block to the south, providing direct access to Downtown Los Angeles and regional transportation routes. Its position adjacent to the DTLA Fashion District supports industrial users in manufacturing, warehousing, distribution, apparel, and creative operations.
The property is located at 794 E 18th St in Los Angeles, one block north of Washington Boulevard and the Metro A Line San Pedro Street Station. The Santa Monica (I-10) Freeway is one block to the south, providing direct access to Downtown Los Angeles and regional transportation routes. Its position adjacent to the DTLA Fashion District supports industrial users in manufacturing, warehousing, distribution, apparel, and creative operations.
Key Highlights
- 5,400 SF flex property with warehouse, manufacturing, and office areas
- 400‑amp electrical service
- Ground‑level loading door
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
$128,176
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
6.41%
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%
$2,563,520
$2.6M
Cap Rate 7%
$1,831,086
$1.8M
Cap Rate 9%
$1,424,178
$1.4M
Market Conditions
NOI Build-Up for 5,400 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
$210.0K $38.88/SF
− Vacancy
−$39.1K −$7.23/SF
EGI
$170.9K $31.65/SF
− OpEx
−$42.7K −$7.91/SF
NOI
$128.2K $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%
$2,563,520
Cap Rate 7%
$1,831,086
Cap Rate 9%
$1,424,178
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,176 @ 7.0% cap · market cap 6.41%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,457 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$109.40M
$95.73M – $127.63M
NOI $7,658,053 @ 7.0% cap · market cap 382.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant industrial property combining warehouse, office, gated parking, and substantial electrical capacity.
Where is this flex space located?
The property is located at 794 E 18th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,400 SF flex property with warehouse, manufacturing, and office areas; 400‑amp electrical service; Ground‑level loading door
