Operational Self Storage
For Sale
Contact for pricing
23529 S Figueroa St, Carson, CA 90745
Income-producing storage and vehicle parking property with indoor and outdoor units in a mixed-use redevelopment corridor.
Property Size39,600 SF
Lot Size3.21 Acres
Price / SF$340.91
Days on Market1174
Property Features for 23529 S Figueroa St
General Information
Standard status
Active
Size
39,600 SF
Lot size
3.21 Acres
Property subtype
Land
Zoning
Corridor Mixed Use
Property Condition
Severity
Repairs Needed
Evidence
credit for a new roof
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
39,600 SF
Building Details
Buildings
1
Building Size
39,600 SF
Listing Agency:
Coldwell Banker Commercial BLAIR
Listed By:
George Bustamante · License #CA 01484265
(657) 301-4137
Source:
Crexi
Added: Jul 30, 2023
Changed: Oct 13
Last Checked: Oct 14 at 9:10PM
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 Commercial BLAIR
Investment Insights
Based on property information with market context.
The property is a self storage and vehicle parking facility on ±3.21 acres, with a ±39,600-square-foot storage building and a combination of indoor and outdoor units. The existing operation accommodates RV and vehicle parking and is leased through July 13, 2027. Current use is legally nonconforming, providing an established operating configuration alongside future land-use considerations.
Located on Figueroa Street in the City of Carson, the site offers freeway access via the Harbor (110) Freeway and frontage along a visible commercial corridor. A separate billboard lease covers the southwest corner through November 11, 2028. Corridor Mixed Use zoning allows 40 DU/acre with density bonus provisions, and the property is included in the City of Carson Housing Element adopted in November 2022.
Located on Figueroa Street in the City of Carson, the site offers freeway access via the Harbor (110) Freeway and frontage along a visible commercial corridor. A separate billboard lease covers the southwest corner through November 11, 2028. Corridor Mixed Use zoning allows 40 DU/acre with density bonus provisions, and the property is included in the City of Carson Housing Element adopted in November 2022.
Key Highlights
- ±3.21‑acre self storage and vehicle parking facility
- ±39,600‑square‑foot storage building with indoor and outdoor units
- RV and vehicle parking included in the existing operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$515,273
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,305,460
$10.3M
Cap Rate 7%
$7,361,043
$7.4M
Cap Rate 9%
$5,725,256
$5.7M
Market Conditions
NOI Build-Up for 39,600 SF
Gross rent
$636.8K $16.08/SF
− Vacancy
−$30.6K −$0.77/SF
EGI
$606.2K $15.31/SF
− OpEx
−$90.9K −$2.30/SF
NOI
$515.3K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,305,460
Cap Rate 7%
$7,361,043
Cap Rate 9%
$5,725,256
Alternative Uses
Best Use
Warehouse
$7.36M
$6.44M – $8.59M
NOI $515,273 @ 7.0% cap · market cap 3.82%
Second Best
Self Storage
$5.11M
$4.47M – $5.96M
NOI $357,671 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$21.20M
$18.55M – $24.74M
NOI $1,484,118 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 90745, CA
59,937
Population
16,638
Households
3.6
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
8.2 sq mi
ZIP Area
7,309
Density / Sq Mi
$106,457
Median Household Income
$42,404
Median Earnings
$1,838
Median Rent
$628,400
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 West region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Income-producing storage and vehicle parking property with indoor and outdoor units in a mixed-use redevelopment corridor.
Where is this self storage facility located?
The property is located at 23529 S Figueroa St Carson, CA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: ±3.21‑acre self storage and vehicle parking facility; ±39,600‑square‑foot storage building with indoor and outdoor units; RV and vehicle parking included in the existing operation
