Single-Story Office
1044 Figueroa, Wilmington, CA 90744
For Sale
New
$1,195,000
A reception area, private offices, shared work area, conference room, kitchen, and two restrooms support a range of office operations.
Property Size4,256 SF
Lot Size0.48 Acres
Price / SF$312.42
Days on Market5
Property Features for 1044 Figueroa
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass
Listed By:
Daniel Taylor · License #01889109
(949) 484-7620
Source:
Elliman
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 7 at 1:29PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1974 single-story office building contains approximately 3,825 SF, per Assessor, on about 0.48 acres across four parcels. The interior includes reception, private offices, an open work area, a conference room, a full kitchen and break room, and two restrooms. Site improvements include a gated lot with approximately 22 parking spaces, lawn, covered patio, and a front-entry walk ramp.
The property has frontage on Figueroa, Denni, and Grant and is adjacent to Los Angeles Harbor College. I-110 ramps at Anaheim are approximately one-third of a mile away; PCH and the Port of Los Angeles are also nearby. Zoning is LAR1 per Assessor, and some uses may require a CUP. Verify zoning, permitted uses, building area, and parking.
The property has frontage on Figueroa, Denni, and Grant and is adjacent to Los Angeles Harbor College. I-110 ramps at Anaheim are approximately one-third of a mile away; PCH and the Port of Los Angeles are also nearby. Zoning is LAR1 per Assessor, and some uses may require a CUP. Verify zoning, permitted uses, building area, and parking.
Key Highlights
- 3,825 SF of office area, per Assessor, across four parcels
- Approximately 0.48 acres with frontage on Figueroa, Denni, and Grant
- Interior has reception, private offices, open work area, conference room, full kitchen and break room, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,791
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,820
$1.8M
Cap Rate 7%
$1,297,014
$1.3M
Cap Rate 9%
$1,008,789
$1.0M
Market Conditions
NOI Build-Up for 3,825 SF
Gross rent
$148.7K $38.88/SF
− Vacancy
−$27.7K −$7.23/SF
EGI
$121.1K $31.65/SF
− OpEx
−$30.3K −$7.91/SF
NOI
$90.8K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,820
Cap Rate 7%
$1,297,014
Cap Rate 9%
$1,008,789
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,791 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$77.49M
$67.81M – $90.41M
NOI $5,424,454 @ 7.0% cap · market cap 453.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
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
$596,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Orange County, CA
Properties on Market for Office buildings in Orange County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A reception area, private offices, shared work area, conference room, kitchen, and two restrooms support a range of office operations.
Where is this office building located?
The property is located at 1044 Figueroa Wilmington, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 3,825 SF of office area, per Assessor, across four parcels; Approximately 0.48 acres with frontage on Figueroa, Denni, and Grant; Interior has reception, private offices, open work area, conference room, full kitchen and break room, and two restrooms
