Industrial Warehouse
For Sale
$3,086,490
155-159 W 31st St, Los Angeles, CA 90007
Industrial warehouse building with a secure fenced yard and motorized gate for added operational control.
Property Size13,134 SF
Price / SF$235
Days on Market39
Property Features for 155-159 W 31st St
General Information
Standard status
Active
Size
13,134 SF
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Building Details
Building Size
13,134 SF
Year Built
1948
Properties For Sale
at 155-159 W 31st St Contact us- Suite
- 155-159 W 31st St
- Size
- 13,134 SF
- Availability
- Not For Lease
Available Space
Restrooms: 4 Buyer shall independently verify all information. Do not disturb the...
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Listing Agency:
Daum Commercial
Listed By:
Ben Andrews · License #CA 02388899
(213) 270-2246
Source:
Daumcommercial
Added: Jul 29
Changed: Aug 31
Last Checked: Sep 5 at 3:41AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
A clean, functional industrial warehouse building designed to support both owner-user operations and tenant flexibility. The property includes a secure fenced yard area with a motorized gate, helping provide controlled exterior storage or staging options.
The building is located close to USC, LA Trade Tech, and the Crypto area, with convenient access to public transportation and freeways. This combination can support a variety of industrial and light distribution uses that benefit from accessibility.
With a total building area of 13,134 square feet, the space offers a practical footprint for industrial users looking for a straightforward facility with dedicated yard control.
The building is located close to USC, LA Trade Tech, and the Crypto area, with convenient access to public transportation and freeways. This combination can support a variety of industrial and light distribution uses that benefit from accessibility.
With a total building area of 13,134 square feet, the space offers a practical footprint for industrial users looking for a straightforward facility with dedicated yard control.
Key Highlights
- Clean, functional industrial warehouse building
- Secure fenced yard area with motorized gate
- 13,134 SF total building area
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
$198,121
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
6.42%
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%
$3,962,420
$4.0M
Cap Rate 7%
$2,830,300
$2.8M
Cap Rate 9%
$2,201,344
$2.2M
Market Conditions
NOI Build-Up for 13,134 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
$249.0K $18.96/SF
− Vacancy
−$15.9K −$1.21/SF
EGI
$233.1K $17.75/SF
− OpEx
−$35.0K −$2.66/SF
NOI
$198.1K $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%
$3,962,420
Cap Rate 7%
$2,830,300
Cap Rate 9%
$2,201,344
Alternative Uses
Best Use
Warehouse
$2.83M
$2.48M – $3.30M
NOI $198,121 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$266.09M
$232.83M – $310.43M
NOI $18,626,087 @ 7.0% cap · market cap 603.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,872
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse building with a secure fenced yard and motorized gate for added operational control.
Where is this warehouse located?
The property is located at 155-159 W 31st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,086,490.
What are key features of this property?
This property features: Clean, functional industrial warehouse building; Secure fenced yard area with motorized gate; 13,134 SF total building area
