Industrial Property with Yard
For Sale
Contact for pricing
3431 E 15th St, Los Angeles, CA
Industrial building with yard space suitable for various uses.
Property Size5,400 SF
Lot Size0.38 Acres
Price / SF$435.19
Days on Market1286
Property Features for 3431 E 15th St
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.38 Acres
Property subtype
INDUSTRIAL
Listing Agency:
TOLD Partners Inc.
(818) 466-0254
Listed By:
Adam Hall
(818) 466-0254
Source:
Moodyscre
Added: Feb 1, 2023
Changed: Jul 6
Last Checked: Aug 9 at 12:41PM
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 TOLD Partners Inc.
Investment Insights
Based on property information with market context.
This property features a 5,400-square-foot masonry building situated on 16,748 square feet of land. In addition to the main building, there are 1,800 square feet of accessory buildings. The property includes approximately 10,000 square feet of yard space, which is currently subject to month-to-month leases. The site offers ample space for equipment, production, and a variety of industrial uses.
Key Highlights
- 5,400 SF Masonry Building
- 16,748 SF of Land
- ±10,000 SF of Yard Space (Currently Subject to Month to Month Leases)
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
$81,457
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
3.47%
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%
$1,629,140
$1.6M
Cap Rate 7%
$1,163,671
$1.2M
Cap Rate 9%
$905,078
$905.1K
Market Conditions
NOI Build-Up for 5,400 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
$102.4K $18.96/SF
− Vacancy
−$6.6K −$1.21/SF
EGI
$95.8K $17.75/SF
− OpEx
−$14.4K −$2.66/SF
NOI
$81.5K $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%
$1,629,140
Cap Rate 7%
$1,163,671
Cap Rate 9%
$905,078
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,457 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$958.3K
$838.5K – $1.12M
NOI $67,082 @ 7.0% cap · market cap 2.85%
Theoretical Best
Multifamily LT 5
$109.40M
$95.73M – $127.63M
NOI $7,658,053 @ 7.0% cap · market cap 325.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,921
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building with yard space suitable for various uses.
Where is this manufacturing property located?
The property is located at 3431 E 15th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 5,400 SF Masonry Building; 16,748 SF of Land; ±10,000 SF of Yard Space (Currently Subject to Month to Month Leases)
