New
For Sale
$7,300,000
15828 Arminta St, Los Angeles, CA 91406
Warehouses
Property Size23,535 SF
Price / SF$310.18
Days on Market1
Property Features for 15828 Arminta St
General Information
Standard status
Active
Size
23,535 SF
Property subtype
Warehouse
Amenities
43 industrial incubator units occupied by 42 tenants, providing highly diversified rental income across a broad small-business tenant base
100% of the tenancy is month-to-month, providing an incoming investor with significant flexibility to adjust rents, restructure leases, or implement a longer-term leasing strategy.
Individual industrial bays generally ranging from approximately 400 to 576 SF, with individual restrooms, separately metered electricity & gas, ~14-foot clear height, 8-foot loading doors
Located near Van Nuys Airport within one of the San Fernando Valley's established infill industrial districts.
Annual base rental income of approximately $640,920, with pro forma base rental income of approximately $650,448. Current capitalization rate of approximately 6.09%, increasing to approximately 6.21% on the pro forma underwriting.
May be acquired separately or together with nearby 7943 Haskell Avenue, Van Nuys, CA
Industrial zoning provides flexibility for a variety of industrial and service-oriented uses, subject to buyer verification
Immediate access to the 405, 101, 170, and 5 Freeways, providing efficient connectivity throughout the San Fernando Valley, Greater Los Angeles, and Southern California.
Building Details
Building Size
23,535 SF
Year Built
1965
Listing Agency:
Encino Office
Listed By:
Lucas Mitchell · License #License(s): CA: 02241581
(818) 212-2695
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 7 at 8:11AM
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 Encino Office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$355,015
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,100,300
$7.1M
Cap Rate 7%
$5,071,643
$5.1M
Cap Rate 9%
$3,944,611
$3.9M
Market Conditions
NOI Build-Up for 23,535 SF
Gross rent
$446.2K $18.96/SF
− Vacancy
−$28.6K −$1.21/SF
EGI
$417.7K $17.75/SF
− OpEx
−$62.6K −$2.66/SF
NOI
$355.0K $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%
$7,100,300
Cap Rate 7%
$5,071,643
Cap Rate 9%
$3,944,611
Alternative Uses
Best Use
Warehouse
$5.07M
$4.44M – $5.92M
NOI $355,015 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$4.18M
$3.65M – $4.87M
NOI $292,366 @ 7.0% cap · market cap 4.01%
Theoretical Best
Multifamily LT 5
$476.80M
$417.20M – $556.27M
NOI $33,376,348 @ 7.0% cap · market cap 457.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
Where is this warehouse located?
The property is located at 15828 Arminta St Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,300,000.
