Warehouse with Multiple Structures and
For Sale
Contact for pricing
1654-1658 Tarleton St, Los Angeles, CA 90021
Warehouse facility with three structures, skylights for natural light, and on-site parking plus free street parking.
Property Size10,000 SF
Lot Size0.24 Acres
Price / SF$165
Days on Market55
Property Features for 1654-1658 Tarleton St
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
5
Lot size
0.24 Acres
Property subtype
Industrial
Zoning
LA M2-2
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1926
Buildings
3
Listing Agency:
Major Properties
Listed By:
Sion Khakshour · License #CA 00697373
(213) 210-7492
Source:
Crexi
Added: Jul 22
Changed: Sep 11
Last Checked: Aug 31 at 11:17PM
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.
Warehouse facility consisting of three structures built in 1926. The space is supported by many skylights that provide abundant natural light. Parking is available on-site, along with free street parking where there are no meters.
The property is just south of the I-10 Freeway and north of Washington Blvd, about five blocks west of Alameda Street. It is adjacent to the DTLA Arts District and Fashion District.
Designed for manufacturing and warehouse use, this facility offers an industrial configuration across multiple structures with strong daylighting for day-to-day operations.
The property is just south of the I-10 Freeway and north of Washington Blvd, about five blocks west of Alameda Street. It is adjacent to the DTLA Arts District and Fashion District.
Designed for manufacturing and warehouse use, this facility offers an industrial configuration across multiple structures with strong daylighting for day-to-day operations.
Key Highlights
- Three structures built in 1926
- On‑site parking plus free street parking (no meters)
- Many skylights for abundant natural light
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
$150,846
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
9.14%
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%
$3,016,920
$3.0M
Cap Rate 7%
$2,154,943
$2.2M
Cap Rate 9%
$1,676,067
$1.7M
Market Conditions
NOI Build-Up for 10,000 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
$189.6K $18.96/SF
− Vacancy
−$12.1K −$1.21/SF
EGI
$177.5K $17.75/SF
− OpEx
−$26.6K −$2.66/SF
NOI
$150.8K $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%
$3,016,920
Cap Rate 7%
$2,154,943
Cap Rate 9%
$1,676,067
Alternative Uses
Best Use
Warehouse
$2.15M
$1.89M – $2.51M
NOI $150,846 @ 7.0% cap · market cap 9.14%
Second Best
Industrial
$1.77M
$1.55M – $2.07M
NOI $124,226 @ 7.0% cap · market cap 7.53%
Theoretical Best
Multifamily LT 5
$202.59M
$177.27M – $236.36M
NOI $14,181,580 @ 7.0% cap · market cap 859.49%
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
2,201
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility with three structures, skylights for natural light, and on-site parking plus free street parking.
Where is this warehouse located?
The property is located at 1654-1658 Tarleton St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Three structures built in 1926; On‑site parking plus free street parking (no meters); Many skylights for abundant natural light
