Flex Property for Creative
Los Angeles, CA 90045 Los Angeles, CA 90045
For Sale
$17,995,000
Freestanding flex property with studios, creative office, and outdoor deck.
Property Size41,656 SF
Price / SF$431.99
Days on Market184
Property Features
General Information
Standard status
Active
Size
41,656 SF
Property subtype
Industrial
Listing Agency:
KW Empower
(310) 407-6515
Listed By:
Daniel Pickart · License #CalDRE #01914551
Source:
Nmrk
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 29 at 4:32AM
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 KW Empower
Investment Insights
Based on property information with market context.
The property at 5431 West 104th Street is a freestanding flex property encompassing approximately 41,656 square feet across two buildings, designed for production and creative uses. It features a mix of improved studio space and creative office areas, making it suitable for an owner-occupier seeking a secure, fully built-out environment with long-term flexibility. The property includes three production studios with support spaces, ideal for in-house content creation, media production, or other specialized operations. Approximately 9,800 square feet of creative office space includes modern finishes, an open layout, and a full kitchen. The campus also features a large outdoor deck with a built-in kitchen, restrooms, and cabanas, suitable for events, team functions, or client meetings. The property offers logistical functionality with secure perimeter fencing, on-site parking, and four roll-up doors for delivery and staging, in addition to creative infrastructure. Located near LAX, major freeways, and the growing Inglewood production district, the site provides access to labor, talent, vendors, and transportation options, as well as convenient access to surrounding areas such as Playa Vista, Culver City, Marina del Rey, Venice, and the South Bay. The location is in close proximity to Inglewood, which has seen recent investment in studio and production infrastructure, offering long-term potential for users or investors focused on the media and content industries.
Key Highlights
- Freestanding ±41,656 SF flex property with a mix of studio and creative office space.
- Three production studios are equipped for in‑house content creation, media production, or specialized operations.
- Features ±9,800 SF of creative office space with modern finishes, open layout, and a full kitchen.
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 | $1.62M | $38.88 |
| − Vacancy | −$301.2k | −$7.23 |
| EGI | $1.32M | $31.65 |
| − OpEx | −$329.6k | −$7.91 |
| NOI | $988.8k | $23.74 |
41,656 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.13M
$12.36M – $16.48M
NOI $988,757 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$7.39M
$6.47M – $8.62M
NOI $517,475 @ 7.0% cap · market cap 2.88%
Theoretical Best
Multifamily LT 5
$843.93M
$738.43M – $984.58M
NOI $59,074,788 @ 7.0% cap · market cap 328.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Queen Bee's Delightful Catering — 8939 S Sepulveda Blvd, Los Angeles, CA 90045
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex property with studios, creative office, and outdoor deck.
Where is this flex space located?
The property is located at Los Angeles, CA.
What is the asking price?
The asking price for this property is $17,995,000.
What are key features of this property?
This property features: Freestanding ±41,656 SF flex property with a mix of studio and creative office space.; Three production studios are equipped for in‑house content creation, media production, or specialized operations.; Features ±9,800 SF of creative office space with modern finishes, open layout, and a full kitchen.
