Multi-Tenant Light Industrial Flex
For Sale
$2,000,000
1024 E Nevada St, Signal Hill, CA 90755
Fully occupied four-space property with workshops, offices, fenced yards, parking, and access from three streets.
Property Size4,240 SF
Lot Size0.28 Acres
Price / SF$471.70
Days on Market14
Property Features for 1024 E Nevada St
General Information
Standard status
Active
Size
4,240 SF
Lot size
0.28 Acres
Zoning
Light Industrial
Occupancy
100%
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
private offices
workshops
restrooms
storage
Building Details
Year Built
1957
Buildings
1
Building Size
4,240 SF
Tenancy
Multi
Listing Agency:
Circle Real Estate
(562) 857-1965
Listed By:
Richard Daskam · License #01091037
Source:
Myfabuloushome
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 29 at 11:46AM
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 Circle Real Estate
Investment Insights
Based on property information with market context.
This light-industrial flex property contains approximately 4,240 square feet across four separately occupied spaces on a 12,202-square-foot lot. The layout combines private offices, restrooms, workshops, storage areas, and outdoor work space. Three occupants operate automotive-related businesses, while the remaining space is used by a fencing contractor. Shared and dedicated fenced yard areas, along with parking and work surfaces, support service-oriented operations that require both indoor and outdoor functionality.
The corner parcel fronts Nevada Street, Lewis Avenue, and Burnett Street, providing access from multiple streets. Light Industrial zoning supports the property's existing industrial configuration. All four spaces are occupied, creating an established multi-tenant setup, while the separate suites may provide future flexibility for an owner-user. Business operations and tenant-owned possessions are excluded from the real estate sale.
The corner parcel fronts Nevada Street, Lewis Avenue, and Burnett Street, providing access from multiple streets. Light Industrial zoning supports the property's existing industrial configuration. All four spaces are occupied, creating an established multi-tenant setup, while the separate suites may provide future flexibility for an owner-user. Business operations and tenant-owned possessions are excluded from the real estate sale.
Key Highlights
- Approximately 4,240 SF of building area on a 12,202‑square‑foot lot
- Four separately occupied spaces with offices, restrooms, workshops, and storage
- Corner parcel with frontage along Nevada Street, Lewis Avenue, and Burnett Street
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
$93,808
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
4.69%
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%
$1,876,160
$1.9M
Cap Rate 7%
$1,340,114
$1.3M
Cap Rate 9%
$1,042,311
$1.0M
Market Conditions
NOI Build-Up for 4,240 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
$143.5K $33.84/SF
− Vacancy
−$9.5K −$2.23/SF
EGI
$134.0K $31.61/SF
− OpEx
−$40.2K −$9.48/SF
NOI
$93.8K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
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%
$1,876,160
Cap Rate 7%
$1,340,114
Cap Rate 9%
$1,042,311
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.56M
NOI $93,808 @ 7.0% cap · market cap 4.69%
Second Best
Office B
$1.32M
$1.16M – $1.54M
NOI $92,683 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,906 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,239
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90755, CA
11,923
Population
5,071
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
5,420
Density / Sq Mi
$102,684
Median Household Income
$61,069
Median Earnings
$1,817
Median Rent
$730,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied four-space property with workshops, offices, fenced yards, parking, and access from three streets.
Where is this flex space located?
The property is located at 1024 E Nevada St Signal Hill, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 4,240 SF of building area on a 12,202‑square‑foot lot; Four separately occupied spaces with offices, restrooms, workshops, and storage; Corner parcel with frontage along Nevada Street, Lewis Avenue, and Burnett Street
