Industrial Warehouse with Heavy
For Sale
$1,269,000
13115 S Broadway, Los Angeles, CA 90061
Vacant industrial facility with gated yard, dock-high loading, upgraded HVAC, and substantial three-phase electrical service.
Property Size4,550 SF
Lot Size0.16 Acres
Price / SF$278.90
Days on Market106
Property Features for 13115 S Broadway
General Information
Standard status
Active
Size
4,550 SF
Total Parking Spaces
9
Lot size
0.16 Acres
Property subtype
Warehouse
Zoning
M1.5
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Power
1,600 amps
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
Owner-User or Investment
Heavy Power (1600A, 480V, 3PH)
Secure, Fully Gated Yard with Dock
Close Proximity to DTLA, LAX, and the Ports of Los Angeles & Long Beach
Unincorporated Los Angeles County
Building Details
Building Size
4,550 SF
Year Built
1968
Listing Agency:
Marcus & Millichap - South Bay
(424) 405-1282
Listed By:
Eric Reinke · License #License(s): CA: 02022294
(424) 405-1282
Source:
Marcusmillichap
Added: May 18
Changed: Aug 30
Last Checked: Aug 30 at 11:05PM
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 Marcus & Millichap - South Bay
Investment Insights
Based on property information with market context.
The property comprises a 4,550-square-foot industrial warehouse on a 6,970-square-foot parcel. The building includes five separate grow rooms, office space, a kitchen, and a bathroom with shower. Improvements include upgraded HVAC, a secure gated yard, nine parking stalls, and one dock-high loading position. The facility will be delivered vacant at closing.
M1.5 zoning applies within unincorporated Los Angeles County, supporting light manufacturing, warehousing, and distribution uses. Electrical capacity includes 1,600 amps of 3-phase service, providing significant power for industrial operations. The site has direct access to the 110 Freeway and is near the 405, 105, and 91 freeways. It is approximately 10 miles from downtown Los Angeles, 13 miles from LAX, and 18 miles from the Ports of Los Angeles and Long Beach.
M1.5 zoning applies within unincorporated Los Angeles County, supporting light manufacturing, warehousing, and distribution uses. Electrical capacity includes 1,600 amps of 3-phase service, providing significant power for industrial operations. The site has direct access to the 110 Freeway and is near the 405, 105, and 91 freeways. It is approximately 10 miles from downtown Los Angeles, 13 miles from LAX, and 18 miles from the Ports of Los Angeles and Long Beach.
Key Highlights
- 4,550‑square‑foot industrial warehouse on a 6,970‑square‑foot parcel
- 1,600 amps of 3‑phase electrical service
- 16‑foot clear height with one dock‑high loading position
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
$68,635
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
5.41%
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%
$1,372,700
$1.4M
Cap Rate 7%
$980,500
$980.5K
Cap Rate 9%
$762,611
$762.6K
Market Conditions
NOI Build-Up for 4,550 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
$86.3K $18.96/SF
− Vacancy
−$5.5K −$1.21/SF
EGI
$80.7K $17.75/SF
− OpEx
−$12.1K −$2.66/SF
NOI
$68.6K $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%
$1,372,700
Cap Rate 7%
$980,500
Cap Rate 9%
$762,611
Alternative Uses
Best Use
Warehouse
$980.5K
$857.9K – $1.14M
NOI $68,635 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$92.18M
$80.66M – $107.54M
NOI $6,452,619 @ 7.0% cap · market cap 508.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
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
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?
Warehouse - Vacant industrial facility with gated yard, dock-high loading, upgraded HVAC, and substantial three-phase electrical service.
Where is this warehouse located?
The property is located at 13115 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,269,000.
What are key features of this property?
This property features: 4,550‑square‑foot industrial warehouse on a 6,970‑square‑foot parcel; 1,600 amps of 3‑phase electrical service; 16‑foot clear height with one dock‑high loading position
