Building Details

Building Size 30,101 SF

Year Built 1937

Properties For Sale

at 238 S Mission Rd

Available Space Not For Lease

Size 30,101 SF

Restrooms: 4 Abundant street parking on 3 sides of the building. Please verify all information herein as Broker does not warrant its accuracy.

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Listing Agency: Los Angeles

Listed By: Ian Grossman · License #CA 02179242 Show Phone

Source: Daumcommercial

Added: Apr 3 Changed: Oct 5 Last Checked: Oct 20 at 5:06PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This functional freestanding brick building is located in downtown Los Angeles, offering convenient access to the 5, 10, and 101 Freeways. Situated in the Arts District and Boyle Heights, the property features approximately 4,546 square feet of office space. The warehouse includes two 20’x12’ docks with levelers, capable of accommodating 53’ trailers. The property size is 30,101 square feet.

Key Highlights

• Prime Downtown Los Angeles Location
• Easy Access to 5, 10, and 101 Freeways
• Two 20’x12’ Docks w/ Levelers & Ability to Accommodate 53’ Trailers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$454,061

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,081,220 $9.1M

Cap Rate 7%

$6,486,586 $6.5M

Cap Rate 9%

$5,045,122 $5.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,101 SF

Gross rent

$570.7K $18.96/SF

− Vacancy

−$36.5K −$1.21/SF

EGI

$534.2K $17.75/SF

− OpEx

−$80.1K −$2.66/SF

NOI

$454.1K $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 Rate 5%

$9,081,220

Cap Rate 7%

$6,486,586

Cap Rate 9%

$5,045,122

Alternative Uses

Best Use

Warehouse

$6.49M

$5.68M – $7.57M (±1% cap)

NOI $454,061 @ 7.0% cap · market cap 6.31%

Second Best

Industrial

$5.34M

$4.67M – $6.23M (±1% cap)

NOI $373,932 @ 7.0% cap · market cap 5.19%

Theoretical Best

Multifamily LT 5

$609.83M

$533.60M – $711.47M (±1% cap)

NOI $42,687,973 @ 7.0% cap · market cap 592.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

IGS WAREHOUSES Warehouse & Storage

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic HVAC Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,303

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90033, CA

46,081

Population

13,874

Households

3.3

Avg Household Size

32

Median Age

14%

College-Educated

54%

High-School Grad

3.3 sq mi

ZIP Area

13,964

Density / Sq Mi

$56,001

Median Household Income

$29,600

Median Earnings

$1,391

Median Rent

$669,500

Median Home Value

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Freestanding building with docks, office space, and freeway access.

Where is this warehouse located?

The property is located at 238 S Mission Rd Los Angeles, CA.

What is the asking price?

The asking price for this property is $7,200,000.

What are key features of this property?

This property features: Prime Downtown Los Angeles Location; Easy Access to 5, 10, and 101 Freeways; Two 20’x12’ Docks w/ Levelers & Ability to Accommodate 53’ Trailers