Freestanding Industrial
For Sale
$12,250,000
2035 E 51st St, Los Angeles, CA 90058
Industrial building with substantial clear height, sprinkler protection, ample parking, and planned vacant delivery.
Property Size43,486 SF
Price / SF$281.70
Days on Market132
Property Features for 2035 E 51st St
General Information
Standard status
Active
Size
43,486 SF
Total Parking Spaces
72
Property subtype
Industrial
Warehouse & Industrial
Clear Height
29 ft
Sprinkler System
Yes
Building Details
Year Built
1997
Buildings
1
Building Size
43,486 SF
Listing Agency:
Los Angeles - Downtown
(323) 278-3110
Listed By:
Scott Heaton · License #00757159
(323) 278-3110
Source:
Colliers
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 10:08PM
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 Los Angeles - Downtown
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.
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 = 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
$655,968
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
5.35%
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%
$13,119,360
$13.1M
Cap Rate 7%
$9,370,971
$9.4M
Cap Rate 9%
$7,288,533
$7.3M
Market Conditions
NOI Build-Up for 43,486 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
$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 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%
$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
NOI $655,968 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$7.72M
$6.75M – $9.00M
NOI $540,209 @ 7.0% cap · market cap 4.41%
Theoretical Best
Multifamily LT 5
$881.00M
$770.88M – $1,027.83M
NOI $61,670,018 @ 7.0% cap · market cap 503.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- Lineage — 2100 E 55th St, Vernon, CA 90058
- 3PL Warehousee — 2100 E 49th St, Vernon, CA 90058
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 $12,250,000.
What are key features of this property?
This property features: Approximately 43,486 SF freestanding industrial building; 1997 construction; 29' minimum clear height
