837 N Spring St & 1135 N Alameda St, Los Angeles, CA
Investment opportunity with income and potential for owner-users.
- Added:
- Jun 12, 2025
- Days on Market:
- 364
- Last Refresh:
- May 20 at 9:19 pm
Property Features for 837 N Spring St & 1135 N Alameda St
General Information
- Standard status
- Active
- Size
- 40,921 SF
- Lot size
- 0.42 Acres
- Property subtype
- OFFICE
Listing agent T.C. Macker License #CA 01232033
Listing office WESTMAC Commercial Brokerage Company (310) 478-7700
Listing date Jun 12, 2025
Source Moodyscre
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 WESTMAC Commercial Brokerage Company
HighLights
- Income‑generating property
- One vacant suite ideal for owner‑users
- Attractive to both investors and owner‑users
- 2nd generation space
- New tenant improvements (TIs)
- High‑end finishes
Overview
Local Financial Insights For Office B
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 | $1.59M | $38.88 |
| − Vacancy | −$295.9k | −$7.23 |
| EGI | $1.30M | $31.65 |
| − OpEx | −$323.8k | −$7.91 |
| NOI | $971.3k | $23.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.245
- Latitude
- 33.7812
