Warehouse With Recessed Loading
For Sale
$5,386,675
2715 12th, Los Angeles, CA 90023
Industrial building with front parking, exposed brick, bow trusses, and access to major Los Angeles freeways.
Property Size30,781 SF
Price / SF$175
Days on Market151
Property Features for 2715 12th
General Information
Standard status
Active
Size
30,781 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
26 ft
Warehouse Space
30,781 SF
Dock-High Doors
1
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
1967
Buildings
1
Building Size
30,781 SF
Listing Agency:
PRODUCRE, INC.
(310) 857-9013
Listed By:
Karina Saranovic Wukelic
Source:
Xome
Added: Mar 8
Changed: Aug 3
Last Checked: Aug 6 at 4:14AM
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 PRODUCRE, INC.
Investment Insights
Based on property information with market context.
This 30,781 SF warehouse, constructed in 1967, provides substantial industrial space with clearance heights ranging from 16 to 26 feet. The building includes a recessed dock for loading, parking positioned along the front, exposed-brick interior surfaces, and bow-truss construction. These features support a functional distribution and storage configuration.
The property is at 2715 E. 12th St. in Los Angeles’ Boyle Heights neighborhood, near Downtown LA and the Arts District. Access to Soto St., Washington Blvd., Olympic Blvd., and the I-10, I-110, I-5, and I-101 places the facility near several major arterial and freeway connections.
The property is at 2715 E. 12th St. in Los Angeles’ Boyle Heights neighborhood, near Downtown LA and the Arts District. Access to Soto St., Washington Blvd., Olympic Blvd., and the I-10, I-110, I-5, and I-101 places the facility near several major arterial and freeway connections.
Key Highlights
- 30,781 SF warehouse building constructed in 1967
- 16–26 feet of interior clearance
- Recessed dock supports loading operations
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
$464,318
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
8.62%
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%
$9,286,360
$9.3M
Cap Rate 7%
$6,633,114
$6.6M
Cap Rate 9%
$5,159,089
$5.2M
Market Conditions
NOI Build-Up for 30,781 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
$583.6K $18.96/SF
− Vacancy
−$37.4K −$1.21/SF
EGI
$546.3K $17.75/SF
− OpEx
−$81.9K −$2.66/SF
NOI
$464.3K $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 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%
$9,286,360
Cap Rate 7%
$6,633,114
Cap Rate 9%
$5,159,089
Alternative Uses
Best Use
Warehouse
$6.63M
$5.80M – $7.74M
NOI $464,318 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$623.60M
$545.65M – $727.54M
NOI $43,652,321 @ 7.0% cap · market cap 810.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26 ft
Clear height
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with front parking, exposed brick, bow trusses, and access to major Los Angeles freeways.
Where is this warehouse located?
The property is located at 2715 12th Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,386,675.
What are key features of this property?
This property features: 30,781 SF warehouse building constructed in 1967; 16–26 feet of interior clearance; Recessed dock supports loading operations
