Industrial Property in Unincorporated
For Sale
Contact for pricing
201 W 138th St, Los Angeles, CA 90061
Value-add industrial property with heavy power, dock loading, and fenced yard.
Property Size40,385 SF
Lot Size1.60 Acres
Price / SF$216.66
Days on Market298
Property Features for 201 W 138th St
General Information
Standard status
Active
Size
40,385 SF
Lot size
1.60 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers - El Segundo
(310) 321-1815
Listed By:
Cole Cervantes
(310) 321-1815
Source:
Moodyscre
Added: Oct 23, 2025
Changed: Jul 6
Last Checked: Aug 16 at 7:25AM
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 Colliers - El Segundo
Investment Insights
Based on property information with market context.
This industrial property, located in unincorporated Los Angeles County, presents a value-add opportunity. The property features heavy power, dock-high loading capabilities, and a fenced yard. Situated in a low-traffic cul-de-sac, the property offers a total size of 40385 square feet. The location in unincorporated LA County benefits from the absence of gross receipts tax.
Key Highlights
- Significant Price Reduction of $250K and a Broker Bonus of $100K.
- Unincorporated LA County Location means No Gross Receipts Tax.
- Property features Heavy Power Capacity.
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
$501,686
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
5.73%
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%
$10,033,720
$10.0M
Cap Rate 7%
$7,166,943
$7.2M
Cap Rate 9%
$5,574,289
$5.6M
Market Conditions
NOI Build-Up for 40,385 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
$765.7K $18.96/SF
− Vacancy
−$49.0K −$1.21/SF
EGI
$716.7K $17.75/SF
− OpEx
−$215.0K −$5.32/SF
NOI
$501.7K $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%
$10,033,720
Cap Rate 7%
$7,166,943
Cap Rate 9%
$5,574,289
Alternative Uses
Best Use
Industrial
$7.17M
$6.27M – $8.36M
NOI $501,686 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$818.18M
$715.90M – $954.54M
NOI $57,272,310 @ 7.0% cap · market cap 654.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 90061, CA
29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
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?
Industrial property - Value-add industrial property with heavy power, dock loading, and fenced yard.
Where is this industrial property located?
The property is located at 201 W 138th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: Significant Price Reduction of $250K and a Broker Bonus of $100K.; Unincorporated LA County Location means No Gross Receipts Tax.; Property features Heavy Power Capacity.
