Two-Building Industrial Warehouse
For Sale
$5,900,000
13623 Crenshaw, Hawthorne, CA 90250
Two freestanding industrial buildings provide grade-level loading, heavy power, truck maneuvering space, and a secured fenced yard.
Property Size22,700 SF
Lot Size0.79 Acres
Price / SF$268.18
Days on Market182
Property Features for 13623 Crenshaw
General Information
Standard status
Active
Size
22,700 SF
Total Parking Spaces
37
Lot size
0.79 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Drive-In Doors
11
Heavy Power
Yes
Building Details
Building Size
22,700 SF
Year Built
1953
Buildings
2
Listing Agency:
Century 21 Jervis & Associates 562-743-2121 Overview Additional information MLS R ID DW26069550 Interior features Exterior features Lot Size 0.79 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by Dale Jervis CA DRE# 00849695 with Century 21 Jervis & Associates 562-743-2121
Listed By:
Dale Jervis CA DRE# 00849695 · License #00849695
(562) 862-2226
Source:
Truthrealty
Added: Apr 3
Changed: Sep 20
Last Checked: Sep 30 at 2:52PM
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 Century 21 Jervis & Associates 562-743-2121 Overview Additional information MLS R ID DW26069550 Interior features Exterior features Lot Size 0.79 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by Dale Jervis CA DRE# 00849695 with Century 21 Jervis & Associates 562-743-2121
Investment Insights
Based on property information with market context.
This industrial warehouse property comprises two freestanding buildings on a 0.79-acre lot. The block wall building contains 8,000 square feet with an 18-foot clear height and three grade-level roll-up doors measuring 12' x 19.5', 9.25' x 10', and 11' x 10'. The concrete tilt-up building offers 14,700 square feet, a 14-foot clear height, and eight 10' x 12' grade-level roll-up doors. Skylights provide natural light throughout the improvements.
The site includes open parking for 37 cars, truck turning access, a raised loading dock, and a secured, fenced yard suitable for private parking or storage. Heavy power is available. The property is zoned HAM1 and was built in 1953, with immediate access to the 105, 405, and 110 freeways. SpaceX, LAX, and the Beach Cities are identified as nearby destinations.
The site includes open parking for 37 cars, truck turning access, a raised loading dock, and a secured, fenced yard suitable for private parking or storage. Heavy power is available. The property is zoned HAM1 and was built in 1953, with immediate access to the 105, 405, and 110 freeways. SpaceX, LAX, and the Beach Cities are identified as nearby destinations.
Key Highlights
- Two freestanding warehouse buildings with 8,000 SF and 14,700 SF of industrial space
- Block wall building features an 18' clear height and 3 grade‑level roll‑up doors
- Concrete tilt‑up building includes a 14' clear height and 8 grade‑level roll‑up doors
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
$286,263
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
4.85%
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%
$5,725,260
$5.7M
Cap Rate 7%
$4,089,471
$4.1M
Cap Rate 9%
$3,180,700
$3.2M
Market Conditions
NOI Build-Up for 22,000 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
$353.8K $16.08/SF
− Vacancy
−$17.0K −$0.77/SF
EGI
$336.8K $15.31/SF
− OpEx
−$50.5K −$2.30/SF
NOI
$286.3K $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 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%
$5,725,260
Cap Rate 7%
$4,089,471
Cap Rate 9%
$3,180,700
Alternative Uses
Best Use
Warehouse
$4.09M
$3.58M – $4.77M
NOI $286,263 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.78M
$10.31M – $13.74M
NOI $824,510 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
11
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90250, CA
97,653
Population
34,105
Households
2.9
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
6.8 sq mi
ZIP Area
14,361
Density / Sq Mi
$74,923
Median Household Income
$40,288
Median Earnings
$1,723
Median Rent
$827,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two freestanding industrial buildings provide grade-level loading, heavy power, truck maneuvering space, and a secured fenced yard.
Where is this warehouse located?
The property is located at 13623 Crenshaw Hawthorne, CA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Two freestanding warehouse buildings with 8,000 SF and 14,700 SF of industrial space; Block wall building features an 18' clear height and 3 grade‑level roll‑up doors; Concrete tilt‑up building includes a 14' clear height and 8 grade‑level roll‑up doors
