Building Details

Building Size 4,840 SF

Year Built 1973

Properties For Sale

at 1385 E 15th Street

Available Space Not For Lease

Size 4,840 SF

FOR SALE Sale Price: $1,500,400.00 Sale Price/SF: $310.00 Restrooms: 2 Please verify all information herein as Broker does not warrant its accuracy.

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Listing Agency: Daum Commercial

Listed By: Sean Kim · License #CA 02030559 Show Phone

Source: Daumcommercial

Added: Apr 3 Changed: Oct 15 Last Checked: Oct 20 at 5:02PM

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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 Daum Commercial

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This property features a newly renovated office and warehouse space, offering move-in ready condition. The property includes a large fenced and secured yard area. The entire office and warehouse are fully air-conditioned. It is located minutes from the Fashion Wholesale Mart and the 10 Freeway. The property size is 4,840 square feet.

Key Highlights

• Move‑in ready condition
• Fully air‑conditioned office and warehouse
• Newly renovated office and warehouse

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,009

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,460,180 $1.5M

Cap Rate 7%

$1,042,986 $1.0M

Cap Rate 9%

$811,211 $811.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,840 SF

Gross rent

$91.8K $18.96/SF

− Vacancy

−$5.9K −$1.21/SF

EGI

$85.9K $17.75/SF

− OpEx

−$12.9K −$2.66/SF

NOI

$73.0K $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%

$1,460,180

Cap Rate 7%

$1,042,986

Cap Rate 9%

$811,211

Alternative Uses

Best Use

Warehouse

$1.04M

$912.6K – $1.22M (±1% cap)

NOI $73,009 @ 7.0% cap · market cap 4.87%

Second Best

Industrial

$858.9K

$751.6K – $1.00M (±1% cap)

NOI $60,125 @ 7.0% cap · market cap 4.01%

Theoretical Best

Multifamily LT 5

$98.06M

$85.80M – $114.40M (±1% cap)

NOI $6,863,885 @ 7.0% cap · market cap 457.47%

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

Property Analytics

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Open Analytics

Current Use

City of Angeles PPE Medical Supply Store grape vines corp Food And Beverage Exporter

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Pet Grooming Service Restaurant

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

Location Intelligence

Trade Area within ½ mile

4,448

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 - Move-in ready warehouse with air-conditioned office and secured yard.

Where is this warehouse located?

The property is located at 1385 E 15th Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,500,400.

What are key features of this property?

This property features: Move‑in ready condition; Fully air‑conditioned office and warehouse; Newly renovated office and warehouse