Vernon Industrial Facility For
For Sale
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2049-2053 E 38th St, Vernon, CA
Refurbished industrial facility with office space and fenced yard.
Property Size38,271 SF
Lot Size0.78 Acres
Price / SF$177.68
Days on Market274
Property Features for 2049-2053 E 38th St
General Information
Standard status
Active
Size
38,271 SF
Lot size
0.78 Acres
Property subtype
INDUSTRIAL
Lease Type
Industrial Gross
Properties For Sale
at 2049-2053 E 38th St Contact us- Size
- 38,271 SF
- Type
- INDUSTRIAL
- Lease Type
- INDUSTRIAL_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
2049 - 2053 E 38th St
Free Standing Building
4,760 SF Fully Renovated Office Space and ±7,500 SF Mezzanine
16'-26'...
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Listing Agency:
Global Commercial Real Estate
(213) 792-7007
Listed By:
Frank Lahijani · License #01932116
(213) 792-7007
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 23
Last Checked: Aug 24 at 4:56AM
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 Global Commercial Real Estate
Investment Insights
Based on property information with market context.
This multi-purpose industrial facility, located in Vernon, California, has been newly refurbished and well maintained. The property features a large drive-in door and a wrought iron fenced yard. The building includes 4,760 square feet of office area. It is equipped with heavy power, supported by a 600 AMP panel. The property totals 38,271 square feet.
Key Highlights
- Heavy Power (600 AMP Panel)
- Large Drive‑In Door for easy access
- 4,760 SF of Office Area
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
$497,980
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
7.32%
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%
$9,959,600
$10.0M
Cap Rate 7%
$7,114,000
$7.1M
Cap Rate 9%
$5,533,111
$5.5M
Market Conditions
NOI Build-Up for 38,271 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
$615.4K $16.08/SF
− Vacancy
−$29.5K −$0.77/SF
EGI
$585.9K $15.31/SF
− OpEx
−$87.9K −$2.30/SF
NOI
$498.0K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /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%
$9,959,600
Cap Rate 7%
$7,114,000
Cap Rate 9%
$5,533,111
Alternative Uses
Best Use
Warehouse
$7.11M
$6.22M – $8.30M
NOI $497,980 @ 7.0% cap · market cap 7.32%
Second Best
Industrial
$6.39M
$5.59M – $7.45M
NOI $447,238 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$20.49M
$17.93M – $23.91M
NOI $1,434,310 @ 7.0% cap · market cap 21.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Consolidated Cold Storage — 2885 E 50th St, Vernon, CA 90058
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- Bonded Warehousee — 2100 E 49th St, Vernon, CA 90058
- Recall — 2357 E 49th St, Vernon, CA 90058
- Lineage — 2100 E 55th St, Vernon, CA 90058
Frequently Asked Questions
What type of property is this?
Warehouse - Refurbished industrial facility with office space and fenced yard.
Where is this warehouse located?
The property is located at 2049-2053 E 38th St Vernon, CA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Heavy Power (600 AMP Panel); Large Drive‑In Door for easy access; 4,760 SF of Office Area
