Manufacturing/Creative Buildings with Heavy
For Sale
Contact for pricing
2334-2344 E 38th St, Los Angeles, CA
Manufacturing or creative buildings with great access to Downtown LA.
Property Size16,080 SF
Lot Size0.42 Acres
Price / SF$220
Days on Market562
Property Features for 2334-2344 E 38th St
General Information
Standard status
Active
Size
16,080 SF
Lot size
0.42 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
South Los Angeles
Listing Agency:
Lee & Associates
(323) 922-3832
Listed By:
Doug Cline · License #01142005
(213) 324-2957
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Oct 10
Last Checked: Oct 23 at 10:43AM
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 Lee & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features manufacturing or creative buildings with heavy distributed power and convenient access to Downtown Los Angeles. The total property size is 16080 square feet. Currently, 4,754 square feet is leased, while 11,326 square feet remains available.
Key Highlights
- 11,326 SF Available
- Great Access to Downtown LA
- Heavy Distributed Power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,755
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,995,100
$4.0M
Cap Rate 7%
$2,853,643
$2.9M
Cap Rate 9%
$2,219,500
$2.2M
Market Conditions
NOI Build-Up for 16,080 SF
Gross rent
$304.9K $18.96/SF
− Vacancy
−$19.5K −$1.21/SF
EGI
$285.4K $17.75/SF
− OpEx
−$85.6K −$5.32/SF
NOI
$199.8K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,995,100
Cap Rate 7%
$2,853,643
Cap Rate 9%
$2,219,500
Alternative Uses
Best Use
Industrial
$2.85M
$2.50M – $3.33M
NOI $199,755 @ 7.0% cap · market cap 5.65%
Second Best
Flex RnD
$2.65M
$2.32M – $3.09M
NOI $185,487 @ 7.0% cap · market cap 5.24%
Theoretical Best
Multifamily LT 5
$325.77M
$285.05M – $380.07M
NOI $22,803,980 @ 7.0% cap · market cap 644.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing or creative buildings with great access to Downtown LA.
Where is this manufacturing property located?
The property is located at 2334-2344 E 38th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,537,600.
What are key features of this property?
This property features: 11,326 SF Available; Great Access to Downtown LA; Heavy Distributed Power
