Warehouse-Studio Building with
For Sale
Contact for pricing
667 S Santa Fe Ave, Los Angeles, CA 90021
Warehouse or studio building with three street frontages and high visibility on Santa Fe Ave.
Property Size35,470 SF
Price / SF$338.31
Days on Market912
Property Features for 667 S Santa Fe Ave
General Information
Standard status
Active
Size
35,470 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Downtown
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Listing Agency:
Cushman & Wakefield
(213) 955-5100
Listed By:
Brandon Gill
(213) 629-6528
Source:
Moodyscre
Added: May 2, 2024
Changed: Oct 25
Last Checked: Oct 28 at 10:56AM
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 Cushman & Wakefield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse or studio building offers flexible commercial space with a recent rezone supporting a clear development path. The property is identified with Opportunity Zone benefits and is located within the Arts District BID.
The building features three street frontages with high visibility along Santa Fe Ave. The property is also described as being within walking distance to restaurants and amenities.
For sale and well-suited to buyers seeking a warehouse or creative studio configuration in the Arts District, this asset combines multiple frontages and visibility with a rezoning backdrop for future planning.
The building features three street frontages with high visibility along Santa Fe Ave. The property is also described as being within walking distance to restaurants and amenities.
For sale and well-suited to buyers seeking a warehouse or creative studio configuration in the Arts District, this asset combines multiple frontages and visibility with a rezoning backdrop for future planning.
Key Highlights
- Warehouse or studio building with three street frontages
- High visibility on Santa Fe Ave with street frontage
- Recent rezone provides a clear development path
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$535,050
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,701,000
$10.7M
Cap Rate 7%
$7,643,571
$7.6M
Cap Rate 9%
$5,945,000
$5.9M
Market Conditions
NOI Build-Up for 35,470 SF
Gross rent
$672.5K $18.96/SF
− Vacancy
−$43.0K −$1.21/SF
EGI
$629.5K $17.75/SF
− OpEx
−$94.4K −$2.66/SF
NOI
$535.0K $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 Rate 5%
$10,701,000
Cap Rate 7%
$7,643,571
Cap Rate 9%
$5,945,000
Alternative Uses
Best Use
Warehouse
$7.64M
$6.69M – $8.92M
NOI $535,050 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$718.60M
$628.78M – $838.37M
NOI $50,302,063 @ 7.0% cap · market cap 419.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,464
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Similar Off Market Nearby
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- Auto Conduct Group, Inc. — 1219 S Santa Fe Ave, Los Angeles, CA 90021
- Prologis — 1700 Bay St, Los Angeles, CA 90021
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse or studio building with three street frontages and high visibility on Santa Fe Ave.
Where is this warehouse located?
The property is located at 667 S Santa Fe Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Warehouse or studio building with three street frontages; High visibility on Santa Fe Ave with street frontage; Recent rezone provides a clear development path
