Boyle Heights Warehouse Near
For Sale
$5,694,485
2715 E 12th, Los Angeles, CA 90023
30,781 SF warehouse in Boyle Heights, close to Downtown LA.
Property Size30,781 SF
Price / SF$185
Days on Market112
Property Features for 2715 E 12th
General Information
Standard status
Active
Size
30,781 SF
Property subtype
Industrial
Building Details
Year Built
1967
Listing Agency:
Listed By:
Karina Saranovic Wukelic
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 12 at 10:08AM
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 Karina Saranovic Wukelic
Investment Insights
Based on property information with market context.
Located in the Boyle Heights neighborhood, near Downtown LA and the Arts District, the property at 2715 E. 12th St. in Los Angeles is a 30,781 SF building. Its location provides convenient access to arterial roads such as Soto St., Washington Blvd., and Olympic Blvd., as well as major freeways including the I-10, I-110, I-5, and I-101. The warehouse features clearance heights ranging from 16 to 26 feet. Convenient parking is available along the front of the building. A secure recessed dock is available for loading. The interior features exposed brick and bow trusses. The location has a walk score of 87, indicating it is very walkable, a transit score of 71, indicating excellent transit options, and a bike score of 57, indicating it is bikeable.
Key Highlights
- Excellent Transit Score (71)
- Very Walkable Score (87)
- Proximity to Downtown LA and the Arts District
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
8.15%
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 8.15%
Second Best
Industrial
$5.46M
$4.78M – $6.37M
NOI $382,380 @ 7.0% cap · market cap 6.71%
Theoretical Best
Multifamily LT 5
$623.60M
$545.65M – $727.54M
NOI $43,652,321 @ 7.0% cap · market cap 766.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - 30,781 SF warehouse in Boyle Heights, close to Downtown LA.
Where is this warehouse located?
The property is located at 2715 E 12th Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,694,485.
What are key features of this property?
This property features: Excellent Transit Score (71); Very Walkable Score (87); Proximity to Downtown LA and the Arts District
