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Glassell Park Warehouse For Sale

3030 Fletcher Dr Los Angeles, CA

3030 Fletcher Dr, Los Angeles, CA, 00000
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Street-to-street property with bow truss roof in Glassell Park.

Property Size22,856 SF
Lot Size1.14 Acres
Price / SF$378.77
AddedJan 16, 2025
Days on Market545
Last RefreshMay 20 at 8:26 pm

Property Features for 3030 Fletcher Dr

General Information

Standard status
Active
Size
22,856 SF
Lot size
1.14 Acres
Property subtype
INDUSTRIAL

Listing office Colliers

Listing date Jan 16, 2025

Source Moodyscre

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 Colliers


Investment Insights

Based on property information with market context.

This property is located in the Glassell Park/Atwater Village neighborhood and offers immediate access to the 2 and 5 Freeways, with proximity to the 110 and 134 Freeways. It is also located within minutes of Downtown Los Angeles, Glendale, and various studios. The property features a bow truss roof and high clear warehouse areas. The warehouse areas offer ceiling heights up to 28 feet. The property is located in an Opportunity Zone.

Key Highlights

  • Rare street‑to‑street property in desirable Glassell Park/Atwater Village neighborhood.
  • High clear warehouse areas with impressive bow truss roof (up to 28').
  • Immediate access to 2 and 5 Freeways; proximate to 110 and 134 Freeways.

Local Financial Insights For Warehouse

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 $433.3k $18.96
− Vacancy −$27.7k −$1.21
EGI $405.6k $17.75
− OpEx −$60.8k −$2.66
NOI $344.8k $15.08
22,856 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$4.93M
$4.31M – $5.75M (±1% cap)
NOI $344,773 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$4.06M
$3.55M – $4.73M (±1% cap)
NOI $283,931 @ 7.0% cap · market cap 3.28%
Theoretical Best
Multifamily LT 5
$463.05M
$405.17M – $540.22M (±1% cap)
NOI $32,413,419 @ 7.0% cap · market cap 374.41%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Michaels Auto Transport Trucking Company APC Industries Industrial Manufacturer

Suggested Use

Law Firm Real Estate Agency Dental Office Spa & Massage Center Pharmacy Hair Salon Nail Salon Parking Lot & Garage Barber Shop Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Public Storage — 3017 N San Fernando Rd, Los Angeles, CA 90065
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  • Self Storage — 3420 Eagle Rock Blvd, Los Angeles, CA 90065
  • Self Storage — 3253 verdugo rd, los angeles, ca 90065
  • Extra Space Storage — 2904 Casitas Ave, Los Angeles, CA 90039

FAQs

What type of property is this?
Warehouse - Street-to-street property with bow truss roof in Glassell Park.
Where is this warehouse located?
The property is located at 3030 Fletcher Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,657,167.
What are key features of this property?
This property features: Rare street‑to‑street property in desirable Glassell Park/Atwater Village neighborhood.; High clear warehouse areas with impressive bow truss roof (up to 28').; Immediate access to 2 and 5 Freeways; proximate to 110 and 134 Freeways.
Contact an agent
(818) 334-1900 Call to check price and availability
More about this property
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