Freestanding
For Sale
Contact for pricing
1800 South Grand Avenue, Los Angeles, CA 90015
Standalone warehouse with freeway exposure, flexible owner-user potential, and C2-2D-0-CPIO zoning.
Property Size11,728 SF
Price / SF$298
Days on Market177
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Property Features for 1800 South Grand Avenue
General Information
Standard status
Active
Size
11,728 SF
Property subtype
Retail, Industrial
Zoning
LA C2-2D-0-CPIO
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Warehouse Space
11,728 SF
Building Details
Year Built
1922
Stories
12
Building Size
11,728 SF
Listing Agency:
The Herman Company
Listed By:
Paul Herman · License #CA01398183
Source:
Crexi
Added: Apr 22
Changed: Oct 10
Last Checked: Oct 14 at 11:19PM
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 The Herman Company
Investment Insights
Based on property information with market context.
This freestanding warehouse contains 11,728 square feet and was built in 1922. The building is positioned for owner-user occupancy and is described as available in its existing condition. Its location provides visibility from the 10 freeway and places the property beside the Grand Avenue exit in Downtown Los Angeles.
The site carries LA C2-2D-0-CPIO zoning. Traffic volumes on the freeway are reported at more than 300,000 cars per day, adding measurable exposure to the property’s commercial setting. The address is 1800 South Grand Avenue, Los Angeles, California 90015.
The site carries LA C2-2D-0-CPIO zoning. Traffic volumes on the freeway are reported at more than 300,000 cars per day, adding measurable exposure to the property’s commercial setting. The address is 1800 South Grand Avenue, Los Angeles, California 90015.
Key Highlights
- 11,728 SF freestanding warehouse
- Built in 1922
- Visible from the 10 freeway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,174
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,443,480
$5.4M
Cap Rate 7%
$3,888,200
$3.9M
Cap Rate 9%
$3,024,156
$3.0M
Market Conditions
NOI Build-Up for 11,728 SF
Gross rent
$433.5K $36.96/SF
− Vacancy
−$44.6K −$3.81/SF
EGI
$388.8K $33.15/SF
− OpEx
−$116.6K −$9.95/SF
NOI
$272.2K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,443,480
Cap Rate 7%
$3,888,200
Cap Rate 9%
$3,024,156
Alternative Uses
Best Use
Retail
$3.89M
$3.40M – $4.54M
NOI $272,174 @ 7.0% cap · market cap 7.79%
Second Best
Warehouse
$2.53M
$2.21M – $2.95M
NOI $176,912 @ 7.0% cap · market cap 5.06%
Theoretical Best
Multifamily LT 5
$237.60M
$207.90M – $277.20M
NOI $16,632,157 @ 7.0% cap · market cap 475.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,443
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Warehouse - Standalone warehouse with freeway exposure, flexible owner-user potential, and C2-2D-0-CPIO zoning.
Where is this warehouse located?
The property is located at 1800 South Grand Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 11,728 SF freestanding warehouse; Built in 1922; Visible from the 10 freeway
