Gated Flex Space with Freight
For Sale
$1,400,000
1303 W Anaheim Street, Wilmington, CA 90744
Commercial Sale, Wilmington, CA
Property Size5,100 SF
Lot Size0.14 Acres
Price / SF$274.51
Days on Market209
Property Features for 1303 W Anaheim Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
110 fwy south to Anaheim St offramp. east on Anaheim to Frigate, property is on the northwest corner of Anaheim and Frigate
Subdivision
195 - West Wilmington
Standard status
Active
APN
7416003019
Lot size
0.14 Acres
Amenities
ADT alarm
security door
Internet ready
Building Details
Year built
1946
Listing Agency:
Keller Williams Palos Verdes · Keller Williams Realty
(310) 544-6100
Listed By:
Stefani Coughlin · License #00778233
(310) 877-0073
Added: Feb 1
Changed: Aug 24
Last Checked: Aug 29 at 1:06PM
MLS# SB26023190
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,100-square-foot flex property sits on a 5,958-square-foot lot and includes two office areas totaling 700 square feet. The building features 17-plus-foot ceilings, two 14-foot roll-up freight doors, polished cement floors, two ADA-compliant restrooms, and internet readiness. One freight door is automatic and the other is manual. A newer 800-amp electrical panel supports the facility, which is fully gated and equipped with an ADT alarm and security door.
The corner through lot has street exposure on two sides and an alley along the third, with three large vehicle parking spaces accessible from the alley. The property is positioned one block east of the CA 110 freeway, a few blocks from the Port of Los Angeles, and approximately 5 miles from the Port of Long Beach. C2 zoning supports light industrial use. Exterior features include a large mural by Muckrock and spotlighting.
The corner through lot has street exposure on two sides and an alley along the third, with three large vehicle parking spaces accessible from the alley. The property is positioned one block east of the CA 110 freeway, a few blocks from the Port of Los Angeles, and approximately 5 miles from the Port of Long Beach. C2 zoning supports light industrial use. Exterior features include a large mural by Muckrock and spotlighting.
Key Highlights
- 5,100 SF building on a 5,958‑square‑foot lot
- 17‑plus‑foot ceilings with two 14‑foot roll‑up freight doors
- Two office spaces totaling 700 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,538,620
$1.5M
Cap Rate 7%
$1,099,014
$1.1M
Cap Rate 9%
$854,789
$854.8K
Market Conditions
NOI Build-Up for 5,100 SF
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.
Gross rent
$96.7K $18.96/SF
− Vacancy
−$6.2K −$1.21/SF
EGI
$90.5K $17.75/SF
− OpEx
−$13.6K −$2.66/SF
NOI
$76.9K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,538,620
Cap Rate 7%
$1,099,014
Cap Rate 9%
$854,789
Alternative Uses
Best Use
Warehouse
$1.10M
$961.6K – $1.28M
NOI $76,931 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$905.1K
$791.9K – $1.06M
NOI $63,355 @ 7.0% cap · market cap 4.53%
Theoretical Best
Multifamily LT 5
$103.32M
$90.41M – $120.54M
NOI $7,232,606 @ 7.0% cap · market cap 516.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
2
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Carnitas Guy — 329 W Anaheim St, Wilmington, CA 90744
Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned facility with polished concrete floors, secured access, offices, and vehicle parking reached through an alley.
Where is this flex space located?
The property is located at 1303 W Anaheim Street Wilmington, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,100 SF building on a 5,958‑square‑foot lot; 17‑plus‑foot ceilings with two 14‑foot roll‑up freight doors; Two office spaces totaling 700 square feet
