Renovated Flex Building with
New
For Sale
$3,999,000
802 E Washington, Los Angeles, CA 90021
A mixed warehouse and creative-office layout includes showroom space, secured entry, and gated rear parking.
Property Size14,384 SF
Price / SF$278.02
Days on Market3
Property Features for 802 E Washington
General Information
Standard status
Active
Size
14,384 SF
Total Parking Spaces
15
Property subtype
Industrial
Zoning
LA-M2
Warehouse & Industrial
Clear Height
12 ft
Mezzanine
585 SF
Power
600 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Amenities
security cameras
security system
secured entry
Building Details
Building Size
14,384 SF
Year Built
1955
Year Renovated
2013
Buildings
1
Construction
masonry
Listing Agency:
Burts & Associates
Listed By:
Cynthia Burts · License #01134271
(310) 308-8003
Source:
Archetyperealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 10:26AM
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 Burts & Associates
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Investment Insights
Based on property information with market context.
This masonry flex building contains approximately 14,384 square feet, with more than 10,000 square feet devoted to warehouse use and about 4,000 square feet of creative offices and showrooms. Bow-truss ceilings reach approximately 20 feet, with 12-foot beam clearance. Two 10' x 12' roll-up loading doors open to the rear alley, and the building has 600 amps of 240V, three-phase power. A 585-square-foot office mezzanine, three bathrooms, security cameras and systems, a secured Washington Boulevard entrance, and 15 gated parking spaces at the rear round out the improvements. Constructed in 1955 and renovated in 2013, the property is zoned LA-M2 Industrial.
The property is in Los Angeles, near the city's wholesale and manufacturing districts, major transportation corridors, and the Metro A Line.
The property is in Los Angeles, near the city's wholesale and manufacturing districts, major transportation corridors, and the Metro A Line.
Key Highlights
- Approximately 14,384 square feet, including 10,000+ square feet of warehouse space and about 4,000 square feet of offices and showrooms
- Built in 1955; fully renovated in 2013
- Bow‑truss ceilings at approximately 20 feet with 12‑foot beam clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$341,422
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,828,440
$6.8M
Cap Rate 7%
$4,877,457
$4.9M
Cap Rate 9%
$3,793,578
$3.8M
Market Conditions
NOI Build-Up for 14,384 SF
Gross rent
$559.2K $38.88/SF
− Vacancy
−$104.0K −$7.23/SF
EGI
$455.2K $31.65/SF
− OpEx
−$113.8K −$7.91/SF
NOI
$341.4K $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 Rate 5%
$6,828,440
Cap Rate 7%
$4,877,457
Cap Rate 9%
$3,793,578
Alternative Uses
Best Use
Office B
$4.88M
$4.27M – $5.69M
NOI $341,422 @ 7.0% cap · market cap 8.54%
Second Best
Warehouse
$3.10M
$2.71M – $3.62M
NOI $216,977 @ 7.0% cap · market cap 5.43%
Theoretical Best
Multifamily LT 5
$291.41M
$254.98M – $339.98M
NOI $20,398,784 @ 7.0% cap · market cap 510.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,614
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
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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 - A mixed warehouse and creative-office layout includes showroom space, secured entry, and gated rear parking.
Where is this flex space located?
The property is located at 802 E Washington Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Approximately 14,384 square feet, including 10,000+ square feet of warehouse space and about 4,000 square feet of offices and showrooms; Built in 1955; fully renovated in 2013; Bow‑truss ceilings at approximately 20 feet with 12‑foot beam clearance
