Gated Flex Space with Freight
For Sale
$1,495,000
1303 W Anaheim St, Wilmington, CA 90744
C2-zoned flex property with office space, freight access, gated security, and polished concrete flooring.
Property Size5,100 SF
Lot Size0.14 Acres
Price / SF$293.14
Days on Market129
Property Features for 1303 W Anaheim St
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
3
Lot size
0.14 Acres
Property subtype
Industrial
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
17 ft
Office Build-Out
700 SF
Power
800 amps
Additional Details
Office Units
2
Amenities
polished cement floors
fully gated
ADT alarm
security door
two ADA-compliant restrooms
internet ready
modern design
mural by Muckrock
exterior spotlighting
newer 800-amp electrical panel
Building Details
Building Size
5,100 SF
Year Built
1946
Buildings
1
Listing Agency:
Keller Williams Palos Verdes Realty
(310) 877-0073
Listed By:
Stefani Coughlin · License #00778233
(310) 877-0073
Source:
Elliman
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 1:00AM
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 Keller Williams Palos Verdes Realty
Investment Insights
Based on property information with market context.
This C2-zoned flex property includes a 5,100-square-foot building with two office areas totaling 700 square feet. The facility offers 17-foot-plus ceilings, two 14-foot roll-up freight doors, polished concrete floors, two ADA-compliant restrooms, and a newer 800-amp electrical panel. Three large vehicle parking spaces are accessible from the alley, while the property is fully gated and equipped with an ADT alarm and security door.
The corner through lot has street exposure on two sides and alley access on a third. The property sits one block east of CA 110 and is located several blocks from the Port of Los Angeles, with the Port of Long Beach approximately 5 miles away. Exterior features include a contemporary design, spotlighting, and a mural by Muckrock. Wilmington’s walk, bike, and transit scores are 68, 54, and 50, respectively.
The corner through lot has street exposure on two sides and alley access on a third. The property sits one block east of CA 110 and is located several blocks from the Port of Los Angeles, with the Port of Long Beach approximately 5 miles away. Exterior features include a contemporary design, spotlighting, and a mural by Muckrock. Wilmington’s walk, bike, and transit scores are 68, 54, and 50, respectively.
Key Highlights
- 5,100‑square‑foot building on a 5,958‑square‑foot lot
- Two 14‑foot roll‑up freight doors, including one automatic and one manual
- 17‑foot‑plus ceilings and a newer 800‑amp electrical panel
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
$76,931
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
5.15%
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%
$1,538,620
$1.5M
Cap Rate 7%
$1,099,014
$1.1M
Cap Rate 9%
$854,789
$854.8K
Market Conditions
NOI Build-Up for 5,100 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
$96.7K $18.96/SF
− Vacancy
−$6.2K −$1.21/SF
EGI
$90.5K $17.75/SF
− OpEx
−$13.6K −$2.66/SF
NOI
$76.9K $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%
$1,538,620
Cap Rate 7%
$1,099,014
Cap Rate 9%
$854,789
Alternative Uses
Best Use
Warehouse
$1.10M
$961.6K – $1.28M
NOI $76,931 @ 7.0% cap · market cap 5.15%
Second Best
Industrial
$905.1K
$791.9K – $1.06M
NOI $63,355 @ 7.0% cap · market cap 4.24%
Theoretical Best
Multifamily LT 5
$103.32M
$90.41M – $120.54M
NOI $7,232,606 @ 7.0% cap · market cap 483.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
2
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- The Carnitas Guy — 329 W Anaheim St, Wilmington, CA 90744
Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned flex property with office space, freight access, gated security, and polished concrete flooring.
Where is this flex space located?
The property is located at 1303 W Anaheim St Wilmington, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 5,100‑square‑foot building on a 5,958‑square‑foot lot; Two 14‑foot roll‑up freight doors, including one automatic and one manual; 17‑foot‑plus ceilings and a newer 800‑amp electrical panel
