Multi-Tenant Industrial
For Sale
$5,400,000
5337 Cahuenga Blvd, Los Angeles, CA 91601
Industrial complex with 12’ clear height across multiple units, plus additional land and an owner-occupied yard area.
Property Size14,280 SF
Price / SF$378.15
Days on Market54
Property Features for 5337 Cahuenga Blvd
General Information
Standard status
Active
Size
14,280 SF
Total Parking Spaces
47
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Clear Height
12 ft
Building Details
Building Size
14,280 SF
Tenancy
Multi
Listing Agency:
Stevenson Real Estate Services
(818) 956-7001
Listed By:
David Stevenson · License #01228475
(818) 956-7001
Source:
Elliman
Added: Jul 8
Changed: Aug 15
Last Checked: Aug 29 at 10:21AM
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 Stevenson Real Estate Services
Investment Insights
Based on property information with market context.
The property is an industrial complex originally developed as a multi-tenant industrial park with ten (10) units, and currently operated as seven (7) units. The owner occupies three (3) units and a yard area in the northern portion of the property, while the remaining four (4) units are vacant. Each unit offers 12’ clear height, and the complex is served by eleven (11) electrical meters. The site was originally striped for 47 parking spaces, supporting practical on-site operations for tenants and visitors.
Located at 5337 Cahuenga Blvd, Los Angeles, CA 91601, the property includes additional land that can help support expanded use and flexibility for an owner-occupier or investor. The available unit sizes provide options ranging from smaller configurations to larger space needs within the overall industrial setup.
Located at 5337 Cahuenga Blvd, Los Angeles, CA 91601, the property includes additional land that can help support expanded use and flexibility for an owner-occupier or investor. The available unit sizes provide options ranging from smaller configurations to larger space needs within the overall industrial setup.
Key Highlights
- Industrial complex originally built as a multi‑tenant park; 10 units originally, currently operated as 7 units
- Units range from approximately 1,000–2,000 SF; 4 of the 7 units are vacant
- Owner currently occupies 3 units plus the northern yard area, approximately 8,000 SF
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
$215,408
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
3.99%
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%
$4,308,160
$4.3M
Cap Rate 7%
$3,077,257
$3.1M
Cap Rate 9%
$2,393,422
$2.4M
Market Conditions
NOI Build-Up for 14,280 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
$270.7K $18.96/SF
− Vacancy
−$17.3K −$1.21/SF
EGI
$253.4K $17.75/SF
− OpEx
−$38.0K −$2.66/SF
NOI
$215.4K $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%
$4,308,160
Cap Rate 7%
$3,077,257
Cap Rate 9%
$2,393,422
Alternative Uses
Best Use
Warehouse
$3.08M
$2.69M – $3.59M
NOI $215,408 @ 7.0% cap · market cap 3.99%
Second Best
Industrial
$2.53M
$2.22M – $2.96M
NOI $177,395 @ 7.0% cap · market cap 3.29%
Theoretical Best
Multifamily LT 5
$289.30M
$253.14M – $337.52M
NOI $20,251,296 @ 7.0% cap · market cap 375.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,513
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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?
Flex space - Industrial complex with 12’ clear height across multiple units, plus additional land and an owner-occupied yard area.
Where is this flex space located?
The property is located at 5337 Cahuenga Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Industrial complex originally built as a multi‑tenant park; 10 units originally, currently operated as 7 units; Units range from approximately 1,000–2,000 SF; 4 of the 7 units are vacant; Owner currently occupies 3 units plus the northern yard area, approximately 8,000 SF
