Single-Story Manufacturing
For Sale
$3,900,000
1121 S Meridian Avenue, Alhambra, CA 91803
Commercial Sale, Alhambra, CA
Property Size23,514 SF
Lot Size1.22 Acres
Price / SF$165.86
Days on Market186
Property Features for 1121 S Meridian Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ALMPD
Directions
From Downtown Los Angeles - Take Interstate 10 East. Take the exit toward Interstate 710 South. Exit at Valley Blvd. Turn right on Valley Blvd. Turn left on Meridian Ave. Continue south about 0.4 miles to 1121 S. Meridian Ave.
Subdivision
97 - Out of Area South
Standard status
Active
APN
5342-033-015
Size
23,514 SF
Lot size
1.22 Acres
Building Details
Year built
1961
Floors in Building
1
Building materials
Stucco, Wood Siding
Roof type
Rolled Hot Mop
Listing Agency:
Roher Realty
(661) 951-0110
Listed By:
Angelo Gant · License #02158941
(760) 267-1184
Added: Mar 2
Changed: Sep 4
Last Checked: Sep 4 at 5:06PM
MLS# 26001996
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 23,514-square-foot manufacturing property occupies 1.22 acres and includes multiple single-story industrial structures. The existing configuration provides areas for manufacturing, storage, and administrative functions. The improvements were constructed in 1961 and feature stucco and wood siding, with rolled hot-mop roofing.
Located at 1121 S Meridian Avenue in Alhambra, the property is zoned ALMPD and offers access to Interstate 10 and Interstate 710. These regional transportation connections link the site with Downtown Los Angeles, the Inland Empire, and the Ports of Los Angeles and Long Beach. The combination of multiple structures, industrial functionality, and established transportation access supports a range of manufacturing and warehouse operations.
Located at 1121 S Meridian Avenue in Alhambra, the property is zoned ALMPD and offers access to Interstate 10 and Interstate 710. These regional transportation connections link the site with Downtown Los Angeles, the Inland Empire, and the Ports of Los Angeles and Long Beach. The combination of multiple structures, industrial functionality, and established transportation access supports a range of manufacturing and warehouse operations.
Key Highlights
- 23,514‑square‑foot manufacturing property on 1.22 acres
- Multiple single‑story industrial structures
- Configured for manufacturing, storage, and administrative functions
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
$305,963
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
7.85%
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%
$6,119,260
$6.1M
Cap Rate 7%
$4,370,900
$4.4M
Cap Rate 9%
$3,399,589
$3.4M
Market Conditions
NOI Build-Up for 23,514 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
$378.1K $16.08/SF
− Vacancy
−$18.1K −$0.77/SF
EGI
$360.0K $15.31/SF
− OpEx
−$54.0K −$2.30/SF
NOI
$306.0K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /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%
$6,119,260
Cap Rate 7%
$4,370,900
Cap Rate 9%
$3,399,589
Alternative Uses
Best Use
Warehouse
$4.37M
$3.82M – $5.10M
NOI $305,963 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$3.93M
$3.43M – $4.58M
NOI $274,786 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$12.59M
$11.02M – $14.69M
NOI $881,251 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 91803, CA
29,374
Population
10,439
Households
2.8
Avg Household Size
42
Median Age
37%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
8,901
Density / Sq Mi
$84,537
Median Household Income
$47,579
Median Earnings
$1,790
Median Rent
$831,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Multiple buildings accommodate manufacturing, storage, and administrative operations within an established commercial property.
Where is this manufacturing property located?
The property is located at 1121 S Meridian Avenue Alhambra, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 23,514‑square‑foot manufacturing property on 1.22 acres; Multiple single‑story industrial structures; Configured for manufacturing, storage, and administrative functions
