Self-Storage Facility with 411
For Sale
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10321 National Boulevard, Los Angeles, CA 90034
26,173 rentable sf self-storage facility with 411 units on a 0.56-acre parcel, currently 82.87% occupied.
Property Size26,173 SF
Lot Size0.56 Acres
Days on Market151
Property Features for 10321 National Boulevard
General Information
Standard status
Active
Size
26,173 SF
Class
B
Lot size
0.56 Acres
Property subtype
Self Storage
Occupancy
82%
Net Operating Income
$733,453
Site & Location
Neighborhood
Palms
Building Details
Year Built
1990
Buildings
2
Units
411
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - La Jolla, California
Listed By:
Dylan de Jong · License #02328392
(858) 677-5320
Source:
Crexi
Added: Jun 8
Changed: Oct 26
Last Checked: Nov 4 at 12:03PM
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 Colliers - Los Angeles - La Jolla, California
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Investment Insights
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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.
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.
Key Highlights
- Self‑storage facility built in 1990 with 26,173 rentable SF across 411 units
- Located on a 0.56‑acre parcel and currently operating at 82.87% physical occupancy
- Trailing 12‑month net operating income of $733,453
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,088
Businesses Nearby
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Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Self storage facility - 26,173 rentable sf self-storage facility with 411 units on a 0.56-acre parcel, currently 82.87% occupied.
Where is this self storage facility located?
The property is located at 10321 National Boulevard Los Angeles, CA.
What are key features of this property?
This property features: Self‑storage facility built in 1990 with 26,173 rentable SF across 411 units; Located on a 0.56‑acre parcel and currently operating at 82.87% physical occupancy; Trailing 12‑month net operating income of $733,453
