Warehouse Assemblage with Gated
For Sale
Contact for pricing
1501 South Alameda Street, Los Angeles, CA 90021
Three-parcel industrial property with I-10 access, a pull-through yard, and variable clear heights.
Property Size22,874 SF
Price / SF$249.19
Days on Market10
Property Features for 1501 South Alameda Street
General Information
Standard status
Active
Size
22,874 SF
Total Parking Spaces
30
Property subtype
Industrial
Zoning
LAMR2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Clear Height
13 ft
Building Details
Year Built
1963
Buildings
3
Stories
2
Listing Agency:
Diversified Realty, Inc
(951) 567-3852
Listed By:
Jeffrey Lee · License #02118021
Source:
Crexi
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 11:44AM
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 Diversified Realty, Inc
Investment Insights
Based on property information with market context.
This warehouse property comprises a three-parcel industrial assemblage totaling 22,874 square feet. Built in 1963, the asset includes a gated pull-through yard and clear heights ranging from 10 to 13 feet, supporting flexible warehouse operations. The property is zoned LAMR2.
Located at 1501 South Alameda Street in Los Angeles, the site offers immediate access to I-10 and sits within the DTLA logistics corridor. Its multi-parcel configuration, yard component, and range of interior clear heights provide a practical industrial format in an established urban setting.
Located at 1501 South Alameda Street in Los Angeles, the site offers immediate access to I-10 and sits within the DTLA logistics corridor. Its multi-parcel configuration, yard component, and range of interior clear heights provide a practical industrial format in an established urban setting.
Key Highlights
- 22,874‑square‑foot warehouse property
- Three‑parcel industrial assemblage
- Gated pull‑through yard
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
$345,045
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
6.05%
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%
$6,900,900
$6.9M
Cap Rate 7%
$4,929,214
$4.9M
Cap Rate 9%
$3,833,833
$3.8M
Market Conditions
NOI Build-Up for 22,874 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
$433.7K $18.96/SF
− Vacancy
−$27.8K −$1.21/SF
EGI
$405.9K $17.75/SF
− OpEx
−$60.9K −$2.66/SF
NOI
$345.0K $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 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%
$6,900,900
Cap Rate 7%
$4,929,214
Cap Rate 9%
$3,833,833
Alternative Uses
Best Use
Warehouse
$4.93M
$4.31M – $5.75M
NOI $345,045 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$463.41M
$405.49M – $540.65M
NOI $32,438,945 @ 7.0% cap · market cap 569.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,676
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Trinity Logistics — 1996 Long Beach Ave, Los Angeles, CA 90058
- Crozier Fine Arts - Art Storage and Logistics — 2010 E 15th St, Los Angeles, CA 90021
Frequently Asked Questions
What type of property is this?
Warehouse - Three-parcel industrial property with I-10 access, a pull-through yard, and variable clear heights.
Where is this warehouse located?
The property is located at 1501 South Alameda Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 22,874‑square‑foot warehouse property; Three‑parcel industrial assemblage; Gated pull‑through yard
