Owner/User or Investor Flex Facility 2 Flex Properties Offered at $2,900,000 in Los Angeles, CA
INVESTMENT HIGHLIGHTS
- Industrial Flex Facility Ideal for Owner/User or Investor
- Currently 6 Occupied Units and 5 Vacant Units
- 6 Interior Parking Spaces + Street Parking
- 2 Adjacent Buildings and APNs | 11 Total Units
- Great Location 5 Blocks East of USC, Coliseum & BMO Stadium
EXECUTIVE SUMMARY
Owner/user or investor purchase opportunity. Flex, fashion or creative applications. Total of 14,134 SF of buildings on 12,500 SF of land. 11 small units make it easy to lease up for short term or long term tenancy. Currently 6 occupied units and 5 vacant units (4,015 SF available for occupancy upon closing). $11,810 actual monthly gross income. $277,462 pro forma annual gross income; $212,978 pro forma net annual income; 7.34% pro forma cap rate/. 2,125± SF of interior parking (6 spaces). All units have a restroom + a loading door off the alley. Plumbing and electrical were updated in 2012 and the roof was done in 2015. Great location just 5 blocks east of USC campus, LA Memorial Coliseum, Exposition Park, and BMO Stadium. Designated Qualified Opportunity Zone (tax benefits).
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) |
ANNUAL |
|---|---|
| Gross Rental Income |
$277,452
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$277,452
|
| Taxes |
$36,250
|
| Operating Expenses |
$28,224
|
| Total Expenses |
$64,474
|
| Net Operating Income |
$212,978
|
PROPERTY FACTS
| Price | $2,900,000 |
| Price / SF | $192.96 / SF |
| Cap Rate | 7.34% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,029 SF |
| Total Land Area | 0.29 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 119 W 36th Pl, Los Angeles, CA 90007 | Flex | 8,879 SF | 1914 | - |
| 118 W 36th St, Los Angeles, CA 90007 | Flex | 6,150 SF | 1917 | - |
