Industrial Facility With Gated
For Sale
Contact for pricing
1401-1433 Griffith Ave, Los Angeles, CA 90021
Industrial property with controlled parking, M2-2D zoning, and potential eligibility for ED1 affordable housing projects.
Property Size65,688 SF
Price / SF$285.44
Days on Market9
Property Features for 1401-1433 Griffith Ave
General Information
Standard status
Active
Size
65,688 SF
Total Parking Spaces
40
Property subtype
Industrial
Zoning
LA M2-2D
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
1938
Units
2
Listing Agency:
Major Properties
(213) 747-4151
Listed By:
Bradley Luster · License #CA 00913803
Source:
Crexi
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 6 at 6:32AM
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 Major Properties
Investment Insights
Based on property information with market context.
Built in 1938, this 65,688-square-foot industrial facility extends block-to-block along Griffith Avenue between 14th Street and 14th Place. The property includes a secure, gated parking area with capacity for approximately 40 vehicles and is designated LA M2-2D.
The facility is positioned three blocks north of the I-10 Freeway, between San Pedro Street and Central Avenue. LA Face Mart and San Pedro Wholesale Mart are nearby. The property is identified as ED1 eligible for 100% affordable housing projects and lies within a Qualified Opportunity Zone. A Phase I Environmental Report is available upon request.
The facility is positioned three blocks north of the I-10 Freeway, between San Pedro Street and Central Avenue. LA Face Mart and San Pedro Wholesale Mart are nearby. The property is identified as ED1 eligible for 100% affordable housing projects and lies within a Qualified Opportunity Zone. A Phase I Environmental Report is available upon request.
Key Highlights
- 65,688‑square‑foot industrial facility built in 1938
- Block‑to‑block Griffith Avenue frontage between 14th Street and 14th Place
- Secure gated parking for approximately 40 vehicles
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
$816,015
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
4.35%
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%
$16,320,300
$16.3M
Cap Rate 7%
$11,657,357
$11.7M
Cap Rate 9%
$9,066,833
$9.1M
Market Conditions
NOI Build-Up for 65,688 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
$1.25M $18.96/SF
− Vacancy
−$79.7K −$1.21/SF
EGI
$1.17M $17.75/SF
− OpEx
−$349.7K −$5.32/SF
NOI
$816.0K $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 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%
$16,320,300
Cap Rate 7%
$11,657,357
Cap Rate 9%
$9,066,833
Alternative Uses
Best Use
Industrial
$11.66M
$10.20M – $13.60M
NOI $816,015 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,330.80M
$1,164.45M – $1,552.60M
NOI $93,155,961 @ 7.0% cap · market cap 496.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,884
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
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with controlled parking, M2-2D zoning, and potential eligibility for ED1 affordable housing projects.
Where is this industrial property located?
The property is located at 1401-1433 Griffith Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $18,750,000.
What are key features of this property?
This property features: 65,688‑square‑foot industrial facility built in 1938; Block‑to‑block Griffith Avenue frontage between 14th Street and 14th Place; Secure gated parking for approximately 40 vehicles
