Building Details

Construction brick

Listing Agency: S.D. Herman Company Show Phone

Listed By: Gary Herman, Jr.

Source: Moodyscre

Added: Apr 21 Changed: Oct 1 Last Checked: Oct 16 at 10:49AM

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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 S.D. Herman Company

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Investment Insights

Based on property information with market context.

This 18,000-square-foot freestanding warehouse is constructed with brick and includes dock-high loading. Office areas are both air-conditioned and heated, with fluorescent strip lighting throughout. Electrical service provides 400 amps with both single-phase and three-phase power. The property also includes a 4,956-square-foot fenced yard.

The building is located at 1372 Wilson St in Los Angeles, one block south of Olympic Boulevard and four blocks east of Alameda Street. Access is available to Freeways 5, 10, 60, and 101.

Key Highlights

• 18,000‑square‑foot freestanding brick warehouse
• Dock‑high loading access
• 4,956‑square‑foot fenced yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$271,522

Cap Rate

5.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,430,440 $5.4M

Cap Rate 7%

$3,878,886 $3.9M

Cap Rate 9%

$3,016,911 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,000 SF

Gross rent

$341.3K $18.96/SF

− Vacancy

−$21.8K −$1.21/SF

EGI

$319.4K $17.75/SF

− OpEx

−$47.9K −$2.66/SF

NOI

$271.5K $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 Rate 5%

$5,430,440

Cap Rate 7%

$3,878,886

Cap Rate 9%

$3,016,911

Alternative Uses

Best Use

Warehouse

$3.88M

$3.39M – $4.53M (±1% cap)

NOI $271,522 @ 7.0% cap · market cap 5.49%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$364.67M

$319.09M – $425.45M (±1% cap)

NOI $25,526,843 @ 7.0% cap · market cap 515.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Raphael Stone California Kitchen & Bath Showroom

Suggested Use

Top Pick Dental Office Real Estate Agency Spa & Massage Center Law Firm Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,186

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Freestanding industrial building with dock access, conditioned offices, three-phase power, and a secured yard.

Where is this warehouse located?

The property is located at 1372 Wilson St Los Angeles, CA.

What is the asking price?

The asking price for this property is $4,950,000.

What are key features of this property?

This property features: 18,000‑square‑foot freestanding brick warehouse; Dock‑high loading access; 4,956‑square‑foot fenced yard