Freestanding Masonry
New
For Sale
$1,550,000
10920 S La Cienega Boulevard, Inglewood, CA 90304
Vacant small-bay industrial property with office space, storage structures, a secured yard, and parking.
Property Size3,065 SF
Lot Size0.28 Acres
Price / SF$505.71
Days on Market4
Property Features for 10920 S La Cienega Boulevard
General Information
Standard status
Active
Size
3,065 SF
Lot size
0.28 Acres
Property subtype
COMMERCIAL
Additional Details
Office Build-Out
930 SF
Building Details
Building Size
3,065 SF
Year Built
1966
Construction
masonry
Listing Agency:
Keller Williams Studio City
Listed By:
David Weinberger · License #01349349
(818) 970-0915
Source:
Truthrealty
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 8:39AM
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 Keller Williams Studio City
Investment Insights
Based on property information with market context.
This freestanding masonry warehouse offers approximately 3,065 square feet across a 2,455-square-foot main building and additional on-site storage structures. The primary building includes 930 square feet of office space, while the property is delivered vacant for immediate occupancy. Site improvements include a secured yard and parking on a 12,060-square-foot lot.
Located near LAX at 10920 S La Cienega Boulevard in Inglewood, the property provides a compact industrial format with dedicated outdoor storage and office components. Built in 1966, it combines a small-bay warehouse configuration with a substantial land component, reflected in its 3.9:1 land-to-building ratio.
Located near LAX at 10920 S La Cienega Boulevard in Inglewood, the property provides a compact industrial format with dedicated outdoor storage and office components. Built in 1966, it combines a small-bay warehouse configuration with a substantial land component, reflected in its 3.9:1 land-to-building ratio.
Key Highlights
- Approximately 3,065 SF of total warehouse and storage improvements
- 2,455 SF main building with 930 SF of office space
- 12,060 SF lot with a 3.9:1 land‑to‑building ratio
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
$46,234
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
2.98%
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%
$924,680
$924.7K
Cap Rate 7%
$660,486
$660.5K
Cap Rate 9%
$513,711
$513.7K
Market Conditions
NOI Build-Up for 3,065 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
$58.1K $18.96/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$54.4K $17.75/SF
− OpEx
−$8.2K −$2.66/SF
NOI
$46.2K $15.08/SF
Area
Inglewood, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$924,680
Cap Rate 7%
$660,486
Cap Rate 9%
$513,711
Alternative Uses
Best Use
Warehouse
$660.5K
$577.9K – $770.6K
NOI $46,234 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,536 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant small-bay industrial property with office space, storage structures, a secured yard, and parking.
Where is this warehouse located?
The property is located at 10920 S La Cienega Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 3,065 SF of total warehouse and storage improvements; 2,455 SF main building with 930 SF of office space; 12,060 SF lot with a 3.9:1 land‑to‑building ratio
