Los Angeles Industrial Pocket
For Sale
$1,300,000
1338 E Washington Blvd, Los Angeles, CA 90021
Prime Central Los Angeles industrial property for investors or owner-users.
Property Size3,890 SF
Days on Market201
Property Features for 1338 E Washington Blvd
General Information
Standard status
Active
Size
3,890 SF
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
3,890 SF
Year Built
1984
Listing Agency:
Coldwell Banker Realty
Listed By:
Eric Sackler
(310) 979-4990
Source:
Commercialcafe
Added: Mar 31
Changed: Oct 12
Last Checked: Oct 16 at 6:06AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Located in a central Los Angeles industrial area, 1338 E. Washington Street is positioned minutes from Downtown. The property offers a strategic opportunity for investors and owner users. It benefits from sustained tenant demand, convenient access to major freeways and distribution routes, and close proximity to DTLA’s economic base. This supports both reliable income potential and long-term value growth in a tightly held market.
Key Highlights
- Prime Central Los Angeles industrial location, minutes from Downtown
- Strategic opportunity for investors and owner users
- Convenient access to major freeways and distribution routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,324
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,480
$966.5K
Cap Rate 7%
$690,343
$690.3K
Cap Rate 9%
$536,933
$536.9K
Market Conditions
NOI Build-Up for 3,890 SF
Gross rent
$73.8K $18.96/SF
− Vacancy
−$4.7K −$1.21/SF
EGI
$69.0K $17.75/SF
− OpEx
−$20.7K −$5.32/SF
NOI
$48.3K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,480
Cap Rate 7%
$690,343
Cap Rate 9%
$536,933
Alternative Uses
Best Use
Industrial
$690.3K
$604.1K – $805.4K
NOI $48,324 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$78.81M
$68.96M – $91.94M
NOI $5,516,635 @ 7.0% cap · market cap 424.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,652
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Industrial property - Prime Central Los Angeles industrial property for investors or owner-users.
Where is this industrial property located?
The property is located at 1338 E Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime Central Los Angeles industrial location, minutes from Downtown; Strategic opportunity for investors and owner users; Convenient access to major freeways and distribution routes
