Produce Warehouse with
For Sale
Contact for pricing
1825 E 22nd St, Los Angeles, CA
Warehouse near Washington & Alameda with cooler and parking.
Property Size27,000 SF
Lot Size1.45 Acres
Price / SF$518.52
Days on Market1136
Property Features for 1825 E 22nd St
General Information
Standard status
Active
Size
27,000 SF
Lot size
1.45 Acres
Property subtype
INDUSTRIAL
Listing Agency:
LA Realty Advisors
(310) 877-0888
Listed By:
Kai Chon · License #01096063
Source:
Moodyscre
Added: Jul 31, 2023
Changed: Sep 2
Last Checked: Sep 7 at 10:30AM
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 LA Realty Advisors
Investment Insights
Based on property information with market context.
This warehouse property features a 12,000-square-foot cooler, divided into four 3,000-square-foot sections. Located in Downtown Los Angeles near Washington (22nd St) and Alameda St, the property is suitable for produce, cannabis, or manufacturing operations requiring a large employee base. It includes heavy power and a bonus 9,000-square-foot canopy area for outdoor storage. The property also features a large gated yard and trailer parking. The total property size is 27,000 square feet.
Key Highlights
- 12,000 SF Cooler: Four sections at 3,000 SF each.
- Heavy power, ready for your operations.
- Huge gated yard and trailer parking available.
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
$407,284
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
2.91%
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%
$8,145,680
$8.1M
Cap Rate 7%
$5,818,343
$5.8M
Cap Rate 9%
$4,525,378
$4.5M
Market Conditions
NOI Build-Up for 27,000 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
$511.9K $18.96/SF
− Vacancy
−$32.8K −$1.21/SF
EGI
$479.2K $17.75/SF
− OpEx
−$71.9K −$2.66/SF
NOI
$407.3K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$8,145,680
Cap Rate 7%
$5,818,343
Cap Rate 9%
$4,525,378
Alternative Uses
Best Use
Warehouse
$5.82M
$5.09M – $6.79M
NOI $407,284 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$4.79M
$4.19M – $5.59M
NOI $335,410 @ 7.0% cap · market cap 2.40%
Theoretical Best
Multifamily LT 5
$547.00M
$478.63M – $638.17M
NOI $38,290,265 @ 7.0% cap · market cap 273.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Los Angeles, CA
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 - Warehouse near Washington & Alameda with cooler and parking.
Where is this warehouse located?
The property is located at 1825 E 22nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 12,000 SF Cooler: Four sections at 3,000 SF each.; Heavy power, ready for your operations.; Huge gated yard and trailer parking available.
