Single-Story Office
1044 N Figueroa Street, Wilmington, CA 90744
For Sale
New
Contact for pricing
A multi-room workplace layout is complemented by gated on-site parking and outdoor areas.
Property Size4,256 SF
Lot Size0.48 Acres
Price / SF$280.78
Days on Market7
Property Features for 1044 N Figueroa Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Road Access
Property Use
Amenities
lawn area
covered patio
walk ramp
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Compass Los Angeles
Listed By:
Daniel Taylor · License #01889109
(949) 484-7620
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 2:40PM
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 Los Angeles
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,256-square-foot office building, constructed in 1974, is arranged with a reception area, private offices, open work area, conference room, kitchen and break area, and two restrooms. A ramp provides access at the front entrance. The site includes a gated surface lot with approximately 22 parking spaces, a lawn, and a covered patio.
The property occupies four parcels totaling approximately 20,960 square feet, or 0.48 acres, with frontage on Figueroa Street, Denni Street, and Grant Street. It is adjacent to Los Angeles Harbor College. Assessor information identifies the zoning as LAR1; certain uses may require a conditional use permit.
The property occupies four parcels totaling approximately 20,960 square feet, or 0.48 acres, with frontage on Figueroa Street, Denni Street, and Grant Street. It is adjacent to Los Angeles Harbor College. Assessor information identifies the zoning as LAR1; certain uses may require a conditional use permit.
Key Highlights
- 4,256‑square‑foot office building constructed in 1974
- Four parcels total approximately 20,960 square feet (0.48 acres)
- Frontage on Figueroa Street, Denni Street, and Grant Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,021
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,020,420
$2.0M
Cap Rate 7%
$1,443,157
$1.4M
Cap Rate 9%
$1,122,456
$1.1M
Market Conditions
NOI Build-Up for 4,256 SF
Gross rent
$165.5K $38.88/SF
− Vacancy
−$30.8K −$7.23/SF
EGI
$134.7K $31.65/SF
− OpEx
−$33.7K −$7.91/SF
NOI
$101.0K $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%
$2,020,420
Cap Rate 7%
$1,443,157
Cap Rate 9%
$1,122,456
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $101,021 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,385 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
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
$596,100
Median Home Value
Market
Average Price Trend$/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 multi-room workplace layout is complemented by gated on-site parking and outdoor areas.
Where is this office building located?
The property is located at 1044 N Figueroa Street 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: 4,256‑square‑foot office building constructed in 1974; Four parcels total approximately 20,960 square feet (0.48 acres); Frontage on Figueroa Street, Denni Street, and Grant Street
