Building Details

Year Built 1997

Buildings 1

Building Size 43,486 SF

Listing Agency: Los Angeles - Downtown

Listed By: Scott Heaton · License #00757159 Show Phone

Source: Colliers

Added: Apr 22 Changed: Oct 8 Last Checked: Oct 16 at 5:40AM

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Investment Insights

Based on property information with market context.

This freestanding industrial warehouse contains approximately 43,486 square feet and was constructed in 1997. The building offers a minimum clear height of 29 feet, a calculated .455 / 3,000 sprinklered system, and 72 parking spaces. It is deliverable vacant for a new owner or occupant.

The property is located 4.5 miles from DTLA, providing access to the central Los Angeles area. Parking equates to 1.66 spaces per 1,000 square feet, supporting the building’s industrial configuration.

Key Highlights

• Approximately 43,486 SF freestanding industrial building
• 1997 construction
• 29' minimum clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$655,968

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,119,360 $13.1M

Cap Rate 7%

$9,370,971 $9.4M

Cap Rate 9%

$7,288,533 $7.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 43,486 SF

Gross rent

$824.5K $18.96/SF

− Vacancy

−$52.8K −$1.21/SF

EGI

$771.7K $17.75/SF

− OpEx

−$115.8K −$2.66/SF

NOI

$656.0K $15.08/SF

Area

Los Angeles, CA

Vacancy

6.40%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,119,360

Cap Rate 7%

$9,370,971

Cap Rate 9%

$7,288,533

Alternative Uses

Best Use

Warehouse

$9.37M

$8.20M – $10.93M (±1% cap)

NOI $655,968 @ 7.0% cap · market cap 5.96%

Second Best

Industrial

$7.72M

$6.75M – $9.00M (±1% cap)

NOI $540,209 @ 7.0% cap · market cap 4.91%

Theoretical Best

Multifamily LT 5

$881.00M

$770.88M – $1,027.83M (±1% cap)

NOI $61,670,018 @ 7.0% cap · market cap 560.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Punch Press Products, ... Metal Fabrication Plant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

29 ft

Clear height

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,586

Businesses Nearby

Well-served

Demand for This Use

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

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Similar Off Market Nearby

• Huntington Park Self Storage — 5961 Santa Fe Ave, Huntington Park, CA 90255
• Cash My Warehouse — 5716 Alba St Suite 200, Los Angeles, CA 90058
• Lineage — 2050 E 55th St, Vernon, CA 90058
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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial building with substantial clear height, sprinkler protection, ample parking, and planned vacant delivery.

Where is this warehouse located?

The property is located at 2035 E 51st St Los Angeles, CA.

What is the asking price?

The asking price for this property is $11,000,000.

What are key features of this property?

This property features: Approximately 43,486 SF freestanding industrial building; 1997 construction; 29' minimum clear height