South Los Angeles Commercial
2010 W 62nd St Los Angeles, CA 90047
2010 W 62nd St, Los Angeles, CA, 90047
Contact for pricing
For Sale
Contact for pricing
Two-story building ideal for distribution, manufacturing, and storage.
Property Size26,114 SF
Price / SF$153.17
Days on Market114
Property Features for 2010 W 62nd St
General Information
- Standard status
- Active
- Size
- 26,114 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1926
Listing Agency
Thompson Team Real Estate
(310) 941-8199
Listed by
Darryll Hamilton · License #CA 02000676
Source
Crexi
Added: Mar 26 Checked: Jul 17 at 6:39 am
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 Thompson Team Real Estate
Investment Insights
Based on property information with market context.
This commercial property in South Los Angeles is a two-story brick building suitable for distribution, manufacturing, and storage. Situated on a corner lot, the property offers accessibility and visibility. A gated 10,000 square foot parking lot with an automatic gate provides security. The property features a ground roll-up door and dock-high roll-up doors for loading and unloading, along with working freight elevators for transporting goods between levels. Paid-off solar panels are installed, which reduce energy costs. The property presents a value-add opportunity to convert it into a one or two-tenant building. A clean phase 1 environmental report is available. The property's size is 26,114 square feet.
Key Highlights
- Paid off solar panels significantly reduce energy costs.
- Gated 10,000 sq ft parking lot with automatic gate provides added security.
- Suitable for distribution, manufacturing, and storage.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $495.1k | $18.96 |
| − Vacancy | −$31.7k | −$1.21 |
| EGI | $463.4k | $17.75 |
| − OpEx | −$139.0k | −$5.32 |
| NOI | $324.4k | $12.42 |
26,114 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.63M
$4.92M – $6.57M
NOI $393,919 @ 7.0% cap · market cap 9.85%
Second Best
Industrial
$4.63M
$4.06M – $5.41M
NOI $324,404 @ 7.0% cap · market cap 8.11%
Theoretical Best
Multifamily LT 5
$529.05M
$462.92M – $617.23M
NOI $37,033,777 @ 7.0% cap · market cap 925.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fast Auto Glass ...
Auto Repair Shop
Gramercy Studios
Corporate Office
RCS Custom Exhibits
Rental Equipment Company
offe market
(Bike/Boat/Book/etc) Store
Star Precast
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Two-story building ideal for distribution, manufacturing, and storage.
Where is this industrial property located?
The property is located at 2010 W 62nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: Paid off solar panels significantly reduce energy costs.; Gated 10,000 sq ft parking lot with automatic gate provides added security.; Suitable for distribution, manufacturing, and storage.
