Manufacturing Property With
For Sale
Contact for pricing
1401 Griffith Avenue, Los Angeles, CA 90021
Two industrial buildings combine production, warehouse, office, and secured parking functions within a gated facility.
Property Size65,688 SF
Price / SF$285.44
Days on Market8
Property Features for 1401 Griffith Avenue
General Information
Standard status
Active
Size
65,688 SF
Total Parking Spaces
40
Property subtype
Industrial
Zoning
LA M2-2D
Warehouse & Industrial
Clear Height
21 ft
Office Build-Out
13,415 SF
Dock-High Doors
1
Drive-In Doors
5
Power
600 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
1938
Year Renovated
1985
Buildings
2
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 5 at 3:57AM
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.
This manufacturing property comprises two industrial buildings on adjacent parcels, combining warehouse and administrative space for owner-user or investment use. Approximately 13,415 square feet of office space supports the facility, while warehouse areas offer 17- and 21-foot clear heights. Loading improvements include one dock-high position and five ground-level doors. Electrical service includes 600A/240V 1-phase, 3-wire power and 600A/240V 3-phase, 4-wire power. A gated parking area accommodates approximately 40 vehicles.
The property occupies a full block along Griffith Avenue between 14th Street and 14th Place in Los Angeles' Fashion District. It is three blocks north of the Santa Monica (I-10) Freeway and lies between San Pedro Street and Central Avenue. The site is near LA Face Mart and San Pedro Wholesale Mart. Zoning is LA M2-2D, with ED1 eligibility for qualifying 100% affordable housing projects and placement in a Qualified Opportunity Zone.
The property occupies a full block along Griffith Avenue between 14th Street and 14th Place in Los Angeles' Fashion District. It is three blocks north of the Santa Monica (I-10) Freeway and lies between San Pedro Street and Central Avenue. The site is near LA Face Mart and San Pedro Wholesale Mart. Zoning is LA M2-2D, with ED1 eligibility for qualifying 100% affordable housing projects and placement in a Qualified Opportunity Zone.
Key Highlights
- Two industrial buildings on two adjacent parcels with approximately 13,415 square feet of office space
- Warehouse clear heights of 17 and 21 feet
- One dock‑high loading position and five ground‑level loading doors
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.55M | $38.88 |
| − Vacancy | −$475.0k | −$7.23 |
| EGI | $2.08M | $31.65 |
| − OpEx | −$519.7k | −$7.91 |
| NOI | $1.56M | $23.74 |
65,688 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$22.27M
$19.49M – $25.99M
NOI $1,559,186 @ 7.0% cap · market cap 8.32%
Second Best
Warehouse
$14.16M
$12.39M – $16.51M
NOI $990,876 @ 7.0% cap · market cap 5.28%
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
21 ft
Clear height
1
Dock-high doors
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,418
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Two industrial buildings combine production, warehouse, office, and secured parking functions within a gated facility.
Where is this manufacturing property located?
The property is located at 1401 Griffith Avenue 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: Two industrial buildings on two adjacent parcels with approximately 13,415 square feet of office space; Warehouse clear heights of 17 and 21 feet; One dock‑high loading position and five ground‑level loading doors
