Manufacturing/Creative Buildings with Heavy
2334-2344 E 38th St Los Angeles, CA
For Sale
Contact for pricing
Manufacturing or creative buildings with great access to Downtown LA.
Property Size16,080 SF
Lot Size0.42 Acres
Price / SF$250
Days on Market470
Property Features for 2334-2344 E 38th St
General Information
- Standard status
- Active
- Size
- 16,080 SF
- Lot size
- 0.42 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Lee & Associates
(213) 324-2957
Listed By:
Doug Cline · License #01142005
(213) 324-2957
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:57AM
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
Investment Insights
Based on property information with market context.
This property features manufacturing or creative buildings with heavy distributed power and convenient access to Downtown Los Angeles. The total property size is 16080 square feet. Currently, 4,754 square feet is leased, while 11,326 square feet remains available.
Key Highlights
- 11,326 SF Available
- Great Access to Downtown LA
- Heavy Distributed Power
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $304.9k | $18.96 |
| − Vacancy | −$19.5k | −$1.21 |
| EGI | $285.4k | $17.75 |
| − OpEx | −$85.6k | −$5.32 |
| NOI | $199.8k | $12.42 |
16,080 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.85M
$2.50M – $3.33M
NOI $199,755 @ 7.0% cap · market cap 4.97%
Second Best
Flex RnD
$2.65M
$2.32M – $3.09M
NOI $185,487 @ 7.0% cap · market cap 4.61%
Theoretical Best
Multifamily LT 5
$325.77M
$285.05M – $380.07M
NOI $22,803,980 @ 7.0% cap · market cap 567.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
What type of property is this?
Manufacturing property - Manufacturing or creative buildings with great access to Downtown LA.
Where is this manufacturing property located?
The property is located at 2334-2344 E 38th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,020,000.
What are key features of this property?
This property features: 11,326 SF Available; Great Access to Downtown LA; Heavy Distributed Power
