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 Market856
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: Oct 10
Last Checked: Oct 20 at 9:04PM
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
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 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 / Yr
$379,780
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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.
