Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vernon Manufacturing/Creative Buildings For Sale Title is generated by Realmo AI

    2334-2344 E 38th St, Vernon, CA 90058

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,020,000

    Manufacturing/creative buildings with heavy power and downtown LA access.

    Type:Industrial
    Property size:
    16,080 SF
    Price / SF:
    $250/SF
    Added:
    Nov 26, 2025
    Days on Market:
    167
    Last Refresh:
    Apr 5 at 9:16 pm

    Property Features for 2334-2344 E 38th St

    General Information

    Standard status
    Active
    Size
    16,080 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Doug Cline
    Doug Cline

    Listing agent Doug Cline License #CalDRE #01142005

    Listing office Lee & Associates

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates

    HighLights

    • Heavy distributed power for your operational needs.
    • Great access to Downtown LA.
    • 11,326 SF available for lease or purchase.
    • 4,754 SF is currently leased, providing immediate income.
    • Clean manufacturing or creative buildings suitable for various uses.
    • Additional APN'S 6302‑015‑010 & 6302‑015‑009.

    Overview

    The property consists of manufacturing or creative buildings with heavy distributed power and convenient access to Downtown Los Angeles. The total property size is 16080 square feet. Currently, 4,754 square feet is leased, while 11,326 square feet remains available. Additional APNs include 6302-015-010 and 6302-015-009. Intended use of the property is for manufacturing or creative purposes.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Los Angeles
    State
    California
    Longitude
    -118.222
    Latitude
    34.0012

    Nearby Similar for Sale

    • $3,905,440
      10,144 SF

      Vernon Warehouse with Gated Lot

      Standalone building with large, gated lot and dock high loading.
      2947 E 44th St, Vernon, CA, 90058
      View Details
    • $18,000,000
      36,101 SF

      Cold Storage Facility in Vernon

      State-of-the-art cold storage facility in an excellent Vernon location.
      2590 Harriet St, Vernon, CA
      View Details
    • $9,870,000
      18,320 SF

      Vernon Warehouse Space Available

      Shared warehouse space with remodeled offices for rent.
      3317 E 50th St, Vernon, CA
      View Details
    • $14,535,000

      Vernon Warehouse Facility For Sale

      Two-story warehouse facility available in Vernon, California.
      2209-2211 S Santa Fe Ave, Vernon, CA 90058
      View Details
    • $23,900,000
      129,269 SF

      Vernon Manufacturing and Distribution Facility

      129,269 SF vacant manufacturing/distribution facility with large secured yard.
      5008 S Boyle Ave, Vernon, CA
      View Details
    • $1,650,000
      3,036 SF

      Vernon Warehouse/Medical Building For Sale

      3,036 SF building in Vernon, ideal for owner/user.
      3701 S Santa Fe Ave, Vernon, CA 90058
      View Details
    • $19,000,000
      35,165 SF

      Vernon Warehouse with Flexible Term

      71,510 SF warehouse centrally located near major freeways.
      5500-5510 S Soto St, Vernon, CA
      View Details
    • $6,890,000
      38,271 SF

      Vernon Industrial Facility For Sale

      Refurbished industrial facility with office space and fenced yard.
      2049-2053 E 38th St, Vernon, CA
      View Details
    • $10,000,000
      35,040 SF

      Vernon Warehouse with Excellent Loading

      Clean warehouse in central Vernon location with excellent loading.
      3000 E 46th St, Vernon, CA
      View Details
    • $700,000

      Two-Unit Multi-Zoned Investment Property

      Two-unit property with consistent rental income in good condition.
      3201 Long Beach, Vernon, CA 90058
      View Details
    • $2,950,000
      17,792 SF

      Vernon Freestanding Industrial Building

      Freestanding building with fenced, paved lot in Vernon, CA.
      5408-5412 S Santa Fe Ave, Vernon, CA
      View Details
    • $19,000,000
      71,510 SF

      Vernon Freestanding Industrial Building

      71,510 SF industrial building with office space for sale.
      5500 S Soto St, Vernon, CA 90058
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing/creative buildings with heavy power and downtown LA access.
    Where is this manufacturing property located?
    The property is located at 2334-2344 E 38th St Vernon, CA.
    What is the asking price?
    The asking price for this property is $4,020,000.
    What are key features of this property?
    This property features: Heavy distributed power for your operational needs.; Great access to Downtown LA.; 11,326 SF available for lease or purchase.
    (323) 922-3710
    We can help!
    Listing Contact
    Doug Cline
    Doug Cline
    Real Estate License ID: CalDRE #01142005
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2334-2344 E 38th St, Vernon , CA 90058
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!