Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1502 E Washington Blvd Los Angeles, CA 90015

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.50 SF/Yr ($1,180 /Mo)

    Industrial warehouse with fenced yard, convenient freeway access.

    Property size:
    9,440 SF
    Lot size:
    0.39 Acres

    Property Features for 1502 E Washington Blvd

    General Information

    Size
    9,440 SF
    Lot size
    0.39 Acres

    We can help!

    Listing Contact
    Jason Kim
    Source: Moodyscre

    Listing Agent: Jason Kim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Warehouse with Fenced Yard

    This single-tenant industrial building, constructed in 2005, features M1-M2 zoning. The property includes an automatic gate door and a fenced yard. There are ample parking spaces available, including designated disabled person parking. Extra storage space is available, but not included in the listed space. The property is conveniently located near major freeways, including the 5, 10, 60, 110, and 101.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FabricLA Fabric Store Source Of Fabric International ... Fabric Wholesaler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Extra Space Storage, Self Storage, StorLuv Self Storage, 24/7 Access, StorLuv Self Storage, Bounce Luggage Storage - University of Southern California (USC)

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.24579
    Latitude
    34.02165

    Nearby Similar for Lease

    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $94,900

      Business Opportunity - Los Angeles, CA

      Downtown Los Angeles market and deli business for sale.
      1401 W 3Rd St W, Los Angeles, CA 90017
      View Details
    • Sponsored
      New
      $300,000

      Business Opportunity - Northridge, CA

      Mobile coffee catering business serving the greater Los Angeles area.
      18638 Vincennes St, Northridge, CA 91324
      View Details
    • Sponsored
      New
      $300,000

      Business Opportunity - Northridge, CA

      Mobile coffee catering business serving the greater Los Angeles area.
      18638 Vincennes St, Northridge, CA 91324
      View Details
    • Sponsored
      New
      $300,000

      Business Opportunity - Northridge, CA

      Mobile coffee catering business serving the greater Los Angeles area.
      18638 Vincennes St, Northridge, CA 91324
      View Details
    • $4,512 /Mo
      2,139 SF

      Modern Office Space in San Pedro

      Modern office space for lease in the heart of San Pedro.
      858 W 9Th St, San Pedro, CA 90731
      View Details
    • Contact for pricing
      22,000 SF

      Creative Flex Space in Hollywood

      Reimagined creative flex space in the heart of Hollywood.
      5176 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • $18,856 /Mo
      12,036 SF

      Functional Warehouse with Office Space

      Secure Los Angeles warehouse with office, ample parking, and freeway access.
      215 W 134Th St, Los Angeles, CA 90061
      View Details
    • Contact for pricing
      8,688 SF

      Prime Medical/Office Space in Downtown

      8,688 SF medical/office space for lease in Little Tokyo.
      420 E 3Rd St, Los Angeles, CA 90013
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse with fenced yard, convenient freeway access.
    Where is this warehouse located?
    The property is located at 1502 E Washington Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: - Close proximity to major freeways (5, 10, 60, 110, & 101).; - Ample parking spaces, including disabled person parking.; - Secure fenced yard with automatic gate.
    (562) 924-3377
    Request Owner's contact information
    1502 E Washington Blvd Los Angeles, CA 90015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1502 E Washington Blvd
    Los Angeles, CA 90015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1502 E Washington Blvd Los Angeles, CA 90015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Kim
    Real Estate License ID: DRE #01740866
    (562) 924-3377
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.