10321 National Boulevard, Los Angeles, CA 90034

StorQuest (3PM) is a self-storage investment property on a 0.56-acre parcel offering 26,173 rentable square feet across 411 units. The facility is currently operating at 82.87% physical occupancy, supported by in-place operations. The property is also reported to generate a trailing 12-month net operating income of $733,453.

The asset is located at 10321 National Boulevard in the Palms neighborhood of Los Angeles, California. The surrounding area is described as highly infill, with more than 305,000 residents and average household incomes exceeding $110,000 within a three-mile radius. The self-storage market is characterized in the provided materials as supply-constrained, with 2.1 square feet of self-storage per capita compared to a national average of 7.0. Restrictive zoning is noted as a factor limiting new development, with no ground-up projects currently in the pipeline.

For investors, the property’s current occupancy and trailing NOI provide a baseline of stabilized operations. The seller-provided projections indicate potential to increase physical occupancy to 92% and drive rental rates to $4.74 per occupied square foot by Year 5, targeting net operating income of approximately $829,391. Overall, the offering is positioned as an institutional-grade self-storage opportunity in a high-barrier-to-entry Los Angeles submarket.