Small Warehouse for
For Sale
$1,650,000
2231 Long Beach Avenue, Los Angeles, CA 90011
Warehouse for sale totaling 4,896 sq. ft., with some tandem parking.
Property Size4,896 SF
Days on Market167
Property Features for 2231 Long Beach Avenue
General Information
Standard status
Active
Size
4,896 SF
Property subtype
Industrial
Building Details
Building Size
4,896 SF
Year Built
1962
Listing Agency:
Lee & Associates - Los Angeles - Downtown
Listed By:
Sehyung Kim · License #CalDRE #01327276
(213) 290-3599
Source:
Lee-associates
Added: May 8
Changed: Oct 7
Last Checked: Oct 20 at 7:21PM
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 Lee & Associates - Los Angeles - Downtown
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Investment Insights
Based on property information with market context.
This for-sale warehouse totals 4,896 sq. ft. and includes some tandem parking. The property information is provided for discussion purposes only, and buyers are advised to verify all details, including building and land square footage and any aspects affecting permitting and compliance.
The property is located at 2231 Long Beach Ave, Los Angeles, CA 90011. Prospective buyers should confirm zoning and permitted uses, as well as items such as clear height, power and sprinkler calculations, ADA compliance, parking, building and roof condition, HVAC, access, encroachments, and floor load.
As part of due diligence, buyers are also encouraged to confirm tax implications with their accountant or attorney and to obtain any necessary business license approvals prior to waiving contingencies.
The property is located at 2231 Long Beach Ave, Los Angeles, CA 90011. Prospective buyers should confirm zoning and permitted uses, as well as items such as clear height, power and sprinkler calculations, ADA compliance, parking, building and roof condition, HVAC, access, encroachments, and floor load.
As part of due diligence, buyers are also encouraged to confirm tax implications with their accountant or attorney and to obtain any necessary business license approvals prior to waiving contingencies.
Key Highlights
- Warehouse for sale totaling 4,896 sq. ft.
- Includes some tandem parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,117
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,340
$1.5M
Cap Rate 7%
$1,073,100
$1.1M
Cap Rate 9%
$834,633
$834.6K
Market Conditions
NOI Build-Up for 4,896 SF
Gross rent
$92.8K $18.96/SF
− Vacancy
−$4.5K −$0.91/SF
EGI
$88.4K $18.05/SF
− OpEx
−$13.3K −$2.71/SF
NOI
$75.1K $15.34/SF
Area
ZIP 90011
Vacancy
4.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,340
Cap Rate 7%
$1,073,100
Cap Rate 9%
$834,633
Alternative Uses
Best Use
Warehouse
$1.07M
$939.0K – $1.25M
NOI $75,117 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$99.19M
$86.79M – $115.72M
NOI $6,943,301 @ 7.0% cap · market cap 420.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse for sale totaling 4,896 sq. ft., with some tandem parking.
Where is this warehouse located?
The property is located at 2231 Long Beach Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Warehouse for sale totaling 4,896 sq. ft.; Includes some tandem parking
