Commercial Building on High-Traffic
For Sale
$600,000
1855 E 62nd St, Los Angeles, CA 90001
Commercial concrete block building with business and storage space.
Property Size2,100 SF
Lot Size0.15 Acres
Price / SF$285.71
Days on Market140
Property Features for 1855 E 62nd St
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.15 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1957
Listing Agency:
CENTURY 21 REALTY MASTERS
(323) 722-7700
Listed By:
"NINO" CEFERINO ZEPEDA · License #01880762
(323) 485-4518
Source:
Exitrealty
Added: Apr 24
Changed: Sep 1
Last Checked: Sep 9 at 8:51AM
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 CENTURY 21 REALTY MASTERS
Investment Insights
Based on property information with market context.
Located at 1855 E 62nd St in Los Angeles, this commercial concrete block building is situated between the high-traffic Slauson and Gage Avenues, near large swap meets. Built in 1957, the one-story building offers approximately 2,100 square feet of space on a 6,708-square-foot lot with 51 feet of frontage on 62nd Street. The property is zoned LCM3 and suitable for manufacturing (light). The property features a large, new wrought iron gate and parking space for more than 10 vehicles. The property is currently intended for investment or owner-user. The location has a walk score of 95, indicating it is a Walker's Paradise, a transit score of 60, indicating good transit options, and a bike score of 58, indicating it is bikeable. The property could be sold together with the adjacent property to the east at 1861 E 62nd St. The adjacent property has RV and lunch truck manufacturers as co-tenants, offices, and a wrought iron shop as a rear tenant. Both tenants have been there for many years and there is plenty of storage and parking.
Key Highlights
- High Walk Score (95): Walker's Paradise
- Strategic Location on E 62nd St between Slauson and Gage Ave
- Investment or Owner‑User Opportunity
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
$26,087
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
4.35%
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%
$521,740
$521.7K
Cap Rate 7%
$372,671
$372.7K
Cap Rate 9%
$289,856
$289.9K
Market Conditions
NOI Build-Up for 2,100 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
$39.8K $18.96/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$37.3K $17.75/SF
− OpEx
−$11.2K −$5.32/SF
NOI
$26.1K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$521,740
Cap Rate 7%
$372,671
Cap Rate 9%
$289,856
Alternative Uses
Best Use
Industrial
$372.7K
$326.1K – $434.8K
NOI $26,087 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$42.54M
$37.23M – $49.64M
NOI $2,978,132 @ 7.0% cap · market cap 496.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
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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?
Industrial property - Commercial concrete block building with business and storage space.
Where is this industrial property located?
The property is located at 1855 E 62nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High Walk Score (95): Walker's Paradise; Strategic Location on E 62nd St between Slauson and Gage Ave; Investment or Owner‑User Opportunity
