Warehouse Condominium with Truck
For Sale
Contact for pricing
12350 Montague St Unit F, Pacoima, CA 91331
M2-zoned industrial condominium with rear loading, yard access, and three-phase power.
Property Size4,200 SF
Price / SF$395
Days on Market130
Property Features for 12350 Montague St Unit F
General Information
Standard status
Active
Size
4,200 SF
Total Parking Spaces
8
Property subtype
Industrial
Zoning
M2
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
16 ft
Loading
Rear Load
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1979
Year Renovated
2026
Buildings
8
Listing Agency:
Delphi Business Properties
(626) 437-4955
Listed By:
Adam Stout · License #CA 02111416
Source:
Crexi
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 10:02PM
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 Delphi Business Properties
Investment Insights
Based on property information with market context.
This 4,200-square-foot warehouse condominium, built in 1979, is located in an M2-zoned industrial setting. The unit includes a 16-foot warehouse area, a 14-foot-high truck door, rear loading, and an upgraded interior and exterior. Three-phase power and gas service support warehouse or manufacturing operations.
A large yard provides space for truck loading, while an electric driveway gate controls access. Adjacent units may be combined to create 8,400 or 12,600 square feet. Lease-and-occupy-before-purchase arrangements are also available, subject to further details from the agent.
A large yard provides space for truck loading, while an electric driveway gate controls access. Adjacent units may be combined to create 8,400 or 12,600 square feet. Lease-and-occupy-before-purchase arrangements are also available, subject to further details from the agent.
Key Highlights
- 4,200 SF warehouse condominium in an M2 zone
- 16' warehouse area with a 14' high truck door
- Rear loading and a large yard for truck loading
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
$63,355
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
3.82%
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%
$1,267,100
$1.3M
Cap Rate 7%
$905,071
$905.1K
Cap Rate 9%
$703,944
$703.9K
Market Conditions
NOI Build-Up for 4,200 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
$79.6K $18.96/SF
− Vacancy
−$5.1K −$1.21/SF
EGI
$74.5K $17.75/SF
− OpEx
−$11.2K −$2.66/SF
NOI
$63.4K $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%
$1,267,100
Cap Rate 7%
$905,071
Cap Rate 9%
$703,944
Alternative Uses
Best Use
Warehouse
$905.1K
$791.9K – $1.06M
NOI $63,355 @ 7.0% cap · market cap 3.82%
Second Best
Industrial
$745.4K
$652.2K – $869.6K
NOI $52,175 @ 7.0% cap · market cap 3.14%
Theoretical Best
Multifamily LT 5
$85.09M
$74.45M – $99.27M
NOI $5,956,263 @ 7.0% cap · market cap 359.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91331, CA
100,720
Population
23,926
Households
4.2
Avg Household Size
35
Median Age
11%
College-Educated
58%
High-School Grad
9.3 sq mi
ZIP Area
10,830
Density / Sq Mi
$82,025
Median Household Income
$34,759
Median Earnings
$1,818
Median Rent
$609,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Wetzel & Sons Moving & Storage, Inc. — 12250 Montague St, Pacoima, CA 91331
- U-Pack — 12200 Montague St, Pacoima, CA 91331
- Extra Space Storage — 10261 Glenoaks Blvd, Pacoima, CA 91331
Frequently Asked Questions
What type of property is this?
Warehouse - M2-zoned industrial condominium with rear loading, yard access, and three-phase power.
Where is this warehouse located?
The property is located at 12350 Montague St Unit F Pacoima, CA.
What is the asking price?
The asking price for this property is $1,659,000.
What are key features of this property?
This property features: 4,200 SF warehouse condominium in an M2 zone; 16' warehouse area with a 14' high truck door; Rear loading and a large yard for truck loading
