Small Warehouse for
For Sale
Contact for pricing
2231 Long Beach Ave, Los Angeles, CA 90011
Warehouse for sale totaling 4,896 sq. ft., with some tandem parking.
Property Size4,896 SF
Price / SF$350
Days on Market123
Property Features for 2231 Long Beach Ave
General Information
Standard status
Active
Size
4,896 SF
Property subtype
Industrial
Building Details
Year Built
1962
Listing Agency:
Lee & Associates - Los Angeles - Downtown
Listed By:
Sehyung Kim · License #01327276
(213) 290-3599
Source:
Crexi
Added: May 6
Changed: Jul 21
Last Checked: Sep 4 at 5:01PM
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
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 = 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
$75,117
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
4.38%
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%
$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
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
$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 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%
$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 4.38%
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 405.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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
- US Storage Centers — 4250 S Alameda St, Vernon, CA 90058
- US Growers Cold Storage Inc — 2045 E Vernon Ave, Vernon, CA 90058
- Lineage Logistics — 2035 e vernon ave, vernon, ca 90058
- Lineage — 2045 E Vernon Ave, Vernon, CA 90058
- Stay Cool Cold Storage — Vernon, CA 90058
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 Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,713,600.
What are key features of this property?
This property features: Warehouse for sale totaling 4,896 sq. ft.; Includes some tandem parking
