Zoned M3-1 Industrial
For Sale
$7,999,000
1901 Alameda Street, Los Angeles, CA 90058
Freestanding 1948 industrial building on 17,245 SF lot, zoned M3-1.
Property Size52,094 SF
Lot Size0.40 Acres
Price / SF$153.55
Days on Market363
Property Features for 1901 Alameda Street
General Information
Standard status
Active
Size
52,094 SF
Lot size
0.40 Acres
Property subtype
General Commercial
Zoning
M3-1
Additional Details
Highway Access
Yes
Amenities
3
LAM2
45 Parking Spaces.
Building Details
Year Built
1927
Listing Agency:
eXp Realty of California Inc
(310) 210-0008
Listed By:
Bill Gross · License #01022275
Source:
Xome
Added: Sep 9, 2025
Changed: Sep 2
Last Checked: Sep 6 at 4:21AM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This for-sale industrial property includes an existing building totaling 15,375 square feet on a 17,245 square foot lot. Built in 1948, the structure reflects classic industrial design elements and provides a base for adaptive reuse or redevelopment. The update indicates the offering is now for 100% of the property.
Located at 1901 Alameda Street in Los Angeles, the site is described as being near major highways and downtown Los Angeles, with access to surrounding industrial and commercial hubs.
The property is zoned M3-1, which supports industrial and commercial uses and provides development flexibility for future improvements consistent with the site’s current industrial character.
Located at 1901 Alameda Street in Los Angeles, the site is described as being near major highways and downtown Los Angeles, with access to surrounding industrial and commercial hubs.
The property is zoned M3-1, which supports industrial and commercial uses and provides development flexibility for future improvements consistent with the site’s current industrial character.
Key Highlights
- Freestanding industrial building built in 1948
- 15,375 SF building on a 17,245 SF lot
- Zoning listed as LAM2 (per Exterior Features)
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
$647,143
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
8.09%
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%
$12,942,860
$12.9M
Cap Rate 7%
$9,244,900
$9.2M
Cap Rate 9%
$7,190,478
$7.2M
Market Conditions
NOI Build-Up for 52,094 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
$987.7K $18.96/SF
− Vacancy
−$63.2K −$1.21/SF
EGI
$924.5K $17.75/SF
− OpEx
−$277.3K −$5.32/SF
NOI
$647.1K $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%
$12,942,860
Cap Rate 7%
$9,244,900
Cap Rate 9%
$7,190,478
Alternative Uses
Best Use
Industrial
$9.24M
$8.09M – $10.79M
NOI $647,143 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,055.39M
$923.47M – $1,231.29M
NOI $73,877,521 @ 7.0% cap · market cap 923.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 90058, CA
3,751
Population
1,179
Households
3.2
Avg Household Size
31
Median Age
22%
College-Educated
58%
High-School Grad
5.8 sq mi
ZIP Area
647
Density / Sq Mi
$36,680
Median Household Income
$24,594
Median Earnings
$1,030
Median Rent
$456,500
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Freestanding 1948 industrial building on 17,245 SF lot, zoned M3-1.
Where is this manufacturing property located?
The property is located at 1901 Alameda Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,999,000.
What are key features of this property?
This property features: Freestanding industrial building built in 1948; 15,375 SF building on a 17,245 SF lot; Zoning listed as LAM2 (per Exterior Features)
