Multi-Unit Warehouse in Los
For Sale
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451-455 E 4th St, Los Angeles, CA
Fully occupied, six-unit warehouse building on a corner lot.
Property Size5,500 SF
Lot Size0.13 Acres
Price / SF$318.18
Days on Market861
Property Features for 451-455 E 4th St
General Information
Standard status
Active
Size
5,500 SF
Lot size
0.13 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Pinnacle Real Estate Group
(626) 826-7980
Listed By:
Irene A. Lin, CCIM · License #00875091
(626) 826-7980
Source:
Moodyscre
Added: Apr 22, 2024
Changed: Aug 8
Last Checked: Aug 30 at 6:38PM
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 Pinnacle Real Estate Group
Investment Insights
Based on property information with market context.
This is a free-standing, six-unit warehouse building. The property is fully occupied with month-to-month tenants. It is located on a corner lot at 451-455 E 4th St and 380-388 Omar St in Los Angeles, CA. The property size is 5,500 square feet.
Key Highlights
- Free standing building
- 6 unit warehouse
- Fully occupied investment opportunity
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
$82,965
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
4.74%
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%
$1,659,300
$1.7M
Cap Rate 7%
$1,185,214
$1.2M
Cap Rate 9%
$921,833
$921.8K
Market Conditions
NOI Build-Up for 5,500 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
$104.3K $18.96/SF
− Vacancy
−$6.7K −$1.21/SF
EGI
$97.6K $17.75/SF
− OpEx
−$14.6K −$2.66/SF
NOI
$83.0K $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%
$1,659,300
Cap Rate 7%
$1,185,214
Cap Rate 9%
$921,833
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.38M
NOI $82,965 @ 7.0% cap · market cap 4.74%
Second Best
Industrial
$976.1K
$854.1K – $1.14M
NOI $68,324 @ 7.0% cap · market cap 3.90%
Theoretical Best
Multifamily LT 5
$111.43M
$97.50M – $130.00M
NOI $7,799,869 @ 7.0% cap · market cap 445.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,543
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.
Similar Off Market Nearby
- Nor-walk Cold Storage — 668 Alameda St, Los Angeles, CA 90021
- Gold Medal Storage — 668 Alameda St, Los Angeles, CA 90021
- South Side Logistics — 1301 Wholesale St, Los Angeles, CA 90021
- Umina Bros Inc — 1321-B Wholesale St, Los Angeles, CA 90021
- Rancho Cold Storage — 670 Mesquit St, Los Angeles, CA 90021
Frequently Asked Questions
What type of property is this?
Warehouse - Fully occupied, six-unit warehouse building on a corner lot.
Where is this warehouse located?
The property is located at 451-455 E 4th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Free standing building; 6 unit warehouse; Fully occupied investment opportunity
