818 828 E Manchester Avenue Los Angeles, CA 90001
818 828 E Manchester Avenue, Los Angeles, CA, 90001
$2,150,000
For Sale
$2,150,000
Flex space
Property Size9,228 SF
Lot Size0.47 Acres
Price / SF$232.99
Days on Market28
Property Features for 818 828 E Manchester Avenue
General Information
- Standard status
- Active
- Size
- 9,228 SF
- Lot size
- 0.47 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1956
Listing agency
Keller Williams R. E. Services
(818) 434-9911
Listed by
Arthur Ambarchyan · License #01351863
(818) 434-9911
Source
Exitrealty
Added: Jun 24 Updated: Jul 21 at 11:56AM Checked: Jul 21 at 11:56AM
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 Keller Williams R. E. Services
Investment Insights
Based on property information with market context.
Key Highlights
- CM‑1 zoned South Los Angeles industrial property built in 1956 with approximately 9,228 SF building area on about 20,432 SF land across three legal parcels.
- 818 E Manchester leased to All Star Towing Transport Inc. at $8,000/month through August 31, 2030, generating $96,000 annual gross scheduled income.
- 828 E Manchester is fire‑damaged with RTI secured for reconstruction; RTI/permit materials identify auto repair garage use.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.0k | $18.96 |
| − Vacancy | −$11.2k | −$1.21 |
| EGI | $163.8k | $17.75 |
| − OpEx | −$49.1k | −$5.32 |
| NOI | $114.6k | $12.42 |
9,228 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,636 @ 7.0% cap · market cap 5.33%
Second Best
Flex RnD
$1.52M
$1.33M – $1.77M
NOI $106,447 @ 7.0% cap · market cap 4.95%
Theoretical Best
Multifamily LT 5
$186.95M
$163.58M – $218.11M
NOI $13,086,762 @ 7.0% cap · market cap 608.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- ''AH TASTE OF GREATNESS'' — 752 E 76th Pl, Los Angeles, CA 90001
FAQs
Where is this flex space located?
The property is located at 818 828 E Manchester Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: CM‑1 zoned South Los Angeles industrial property built in 1956 with approximately 9,228 SF building area on about 20,432 SF land across three legal parcels.; 818 E Manchester leased to All Star Towing Transport Inc. at $8,000/month through August 31, 2030, generating $96,000 annual gross scheduled income.; 828 E Manchester is fire‑damaged with RTI secured for reconstruction; RTI/permit materials identify auto repair garage use.
