Free Standing Building with
For Sale
Contact for pricing
3300 S Broadway & 119 W Jefferson Blvd, Los Angeles, CA
Freestanding building with gated parking lot near USC and Downtown.
Property Size16,000 SF
Lot Size0.52 Acres
Price / SF$270
Days on Market811
Property Features for 3300 S Broadway & 119 W Jefferson Blvd
General Information
Standard status
Active
Size
16,000 SF
Lot size
0.52 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Park Industrial Realty
Listed By:
Daniel Park
(213) 446-0396
Source:
Moodyscre
Added: Jun 18, 2024
Changed: Aug 23
Last Checked: Sep 5 at 8:59AM
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 Park Industrial Realty
Investment Insights
Based on property information with market context.
This is a free-standing building featuring a gated parking lot. The property is located close to USC and Downtown Los Angeles. It includes deluxe offices, showrooms, and meeting rooms. There is parking space for 13 cars with an automatic gate. The building is divisible into 2 units. The property size is 16000 square feet.
Key Highlights
- Free standing building.
- 13 car parking with automatic gate.
- Close to USC, Downtown LA.
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
$379,780
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
8.79%
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%
$7,595,600
$7.6M
Cap Rate 7%
$5,425,429
$5.4M
Cap Rate 9%
$4,219,778
$4.2M
Market Conditions
NOI Build-Up for 16,000 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
$622.1K $38.88/SF
− Vacancy
−$115.7K −$7.23/SF
EGI
$506.4K $31.65/SF
− OpEx
−$126.6K −$7.91/SF
NOI
$379.8K $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 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%
$7,595,600
Cap Rate 7%
$5,425,429
Cap Rate 9%
$4,219,778
Alternative Uses
Best Use
Office B
$5.43M
$4.75M – $6.33M
NOI $379,780 @ 7.0% cap · market cap 8.79%
Second Best
Retail
$5.30M
$4.64M – $6.19M
NOI $371,315 @ 7.0% cap · market cap 8.60%
Theoretical Best
Multifamily LT 5
$324.15M
$283.63M – $378.18M
NOI $22,690,528 @ 7.0% cap · market cap 525.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding building with gated parking lot near USC and Downtown.
Where is this warehouse located?
The property is located at 3300 S Broadway & 119 W Jefferson Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,320,000.
What are key features of this property?
This property features: Free standing building.; 13 car parking with automatic gate.; Close to USC, Downtown LA.
