14518 Erwin St Los Angeles, CA 91411
LAC2-zoned property suitable for retail, office, industrial, or residential uses.
Property Features for 14518 Erwin St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Industrial, Mixed Use, Retail
Building Details
- Year Built
- 1929
Listing office Peak Commercial
Listing date Feb 23, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility location in the Van Nuys Civic Center area, steps from the Van Nuys Courthouse and Van Nuys Blvd.
- Flexible LAC2 zoning permits retail, office, industrial, and residential‑related uses.
- 100% vacant, offering immediate owner‑user or investment opportunity.
Local Financial Insights For Retail
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 | $184.8k | $36.96 |
| − Vacancy | −$19.0k | −$3.81 |
| EGI | $165.8k | $33.15 |
| − OpEx | −$49.7k | −$9.95 |
| NOI | $116.0k | $23.21 |