Warehouse with Fenced
For Sale
Contact for pricing
13012 S Spring St, Los Angeles, CA 90061
Warehouse offering high ceilings, multiple loading positions, and two gated fenced yards with a 2023 roof overlay.
Property Size18,480 SF
Price / SF$351.46
Days on Market77
Property Features for 13012 S Spring St
General Information
Standard status
Active
Size
18,480 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
26 ft
Listing Agency:
OKULA Commercial
Listed By:
Robert Okula
(310) 350-7567
Source:
Moodyscre
Added: Jun 29
Changed: Aug 13
Last Checked: Sep 12 at 9:50AM
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 OKULA Commercial
Investment Insights
Based on property information with market context.
This warehouse includes high-clearance space with ceilings approximately 26 feet tall, plus three dock-high and grade-level loading positions. The property features two fenced yards secured with electronic gates, providing controlled outdoor staging options. Improvements include an entire new roof overlay completed in 2023 and more than $100,000 in recent refurbishments. A bonus 5,473-square-foot mezzanine is provided at no additional cost.
The property is located at 13012 S Spring St in Los Angeles, CA 90061, and is well-suited for users who want both improved building condition and secured yard space for operations.
With its loading configuration, gated yards, and newly updated roof, the space is positioned to support practical logistics and storage needs while offering additional mezzanine area.
The property is located at 13012 S Spring St in Los Angeles, CA 90061, and is well-suited for users who want both improved building condition and secured yard space for operations.
With its loading configuration, gated yards, and newly updated roof, the space is positioned to support practical logistics and storage needs while offering additional mezzanine area.
Key Highlights
- Lowest lease rate of $0.98 PSF for the 1st year with no CAM fees
- High ceilings up to +26' with 3 DH and GL loading positions
- Two fenced yards with electronic gates
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
$278,763
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
4.29%
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%
$5,575,260
$5.6M
Cap Rate 7%
$3,982,329
$4.0M
Cap Rate 9%
$3,097,367
$3.1M
Market Conditions
NOI Build-Up for 18,480 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
$350.4K $18.96/SF
− Vacancy
−$22.4K −$1.21/SF
EGI
$328.0K $17.75/SF
− OpEx
−$49.2K −$2.66/SF
NOI
$278.8K $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%
$5,575,260
Cap Rate 7%
$3,982,329
Cap Rate 9%
$3,097,367
Alternative Uses
Best Use
Warehouse
$3.98M
$3.48M – $4.65M
NOI $278,763 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$374.39M
$327.59M – $436.79M
NOI $26,207,559 @ 7.0% cap · market cap 403.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
26 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90061, CA
29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse offering high ceilings, multiple loading positions, and two gated fenced yards with a 2023 roof overlay.
Where is this warehouse located?
The property is located at 13012 S Spring St Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Lowest lease rate of $0.98 PSF for the 1st year with no CAM fees; High ceilings up to +26' with 3 DH and GL loading positions; Two fenced yards with electronic gates
