Corner M-3 Zoned Industrial
For Sale
Contact for pricing
802 E Gage Ave, Los Angeles, CA
Industrial property with large, secured yard and multiple ground doors.
Property Size20,640 SF
Lot Size0.93 Acres
Price / SF$218.02
Days on Market1197
Property Features for 802 E Gage Ave
General Information
Standard status
Active
Size
20,640 SF
Lot size
0.93 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Newmark
(213) 596-2222
Listed By:
Christopher Beck
(213) 596-2225
Source:
Moodyscre
Added: Jul 13, 2023
Changed: Jul 6
Last Checked: Oct 21 at 12:21AM
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 Newmark
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property features M-3 zoning and a large, fenced, secured yard area. The property includes multiple ground-level doors and a significant amount of excess land. Its location provides convenient access to Downtown Los Angeles and the 110, 10, 60, 5, 101, and 105 Freeways. The property is located within a Business Improvement District. The property size is 20640 square feet.
Key Highlights
- Rare corner M‑3 zoned property
- Large fenced secured yard area
- Significant amount of excess land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,402
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,128,040
$5.1M
Cap Rate 7%
$3,662,886
$3.7M
Cap Rate 9%
$2,848,911
$2.8M
Market Conditions
NOI Build-Up for 20,640 SF
Gross rent
$391.3K $18.96/SF
− Vacancy
−$25.0K −$1.21/SF
EGI
$366.3K $17.75/SF
− OpEx
−$109.9K −$5.32/SF
NOI
$256.4K $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%
$5,128,040
Cap Rate 7%
$3,662,886
Cap Rate 9%
$2,848,911
Alternative Uses
Best Use
Industrial
$3.66M
$3.21M – $4.27M
NOI $256,402 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$418.15M
$365.88M – $487.85M
NOI $29,270,781 @ 7.0% cap · market cap 650.46%
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
1,508
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with large, secured yard and multiple ground doors.
Where is this industrial property located?
The property is located at 802 E Gage Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Rare corner M‑3 zoned property; Large fenced secured yard area; Significant amount of excess land
