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    3040 E 12th St Los Angeles, CA 90023

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    For Lease
    Contact for pricing

    Centrally located micro-warehouse spaces with flexible lease terms.

    Type:Office, Industrial
    Property size:
    3,000 SF
    Added:
    Oct 12, 2022
    Days on Market:
    1268
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 3040 E 12th St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1935

    Spaces For Lease

    at 3040 E 12th St Contact us

    We can help!

    Listing Contact
    Theo Lisberger

    Listing agent Theo Lisberger License #ca

    Listing office Flex HQ Los Angeles

    Listing date Oct 12, 2022

    Source Crexi

    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 Flex HQ Los Angeles

    Overview

    Micro-Warehouse Spaces with Flexible Leases

    This property offers an all-in-one warehouse solution suitable for businesses needing operational space. Located in a centrally located area, a large industrial building has been converted into smaller micro-warehouse spaces, ranging in size from 500 to 3,000 square feet. Flexible lease terms are available, with immediate move-in options. The cost includes utilities and Wi-Fi, along with various perks, amenities, and services. Members benefit from a mailing address with mail and package receiving, including daily courier pickups with major shippers. Modern offices and equipped conference rooms provide a professional atmosphere. Truck-height loading docks and a staffed warehouse manager facilitate receiving large shipments. Additional amenities include a stocked kitchen and coffee bar, secure building access with advanced lock systems, 24/7 video surveillance, a professional photo studio, and onsite parking.
    Location Intelligence

    Current Use by Public Records

    Mannequin Technologies Photo ... (Bike/Boat/Book/etc) Store KickAss Products Los ... Industrial Manufacturer OnlyPure Water Filtration ... Water Treatment Supplier FlexEtc Los Angeles Warehouse & Storage

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Basil Pizza Bar Catering — 3212 E Olympic Blvd, Los Angeles, CA 90023
    • Amtrak Catering Services International — 2450 Enterprise St, Los Angeles, CA 90021
    • Flying Food Group — 3305 Bandini Blvd, Vernon, CA 90058
    • kitchen corner — 951 half, S Lorena St, Los Angeles, CA 90023
    • Coffee Cart Boys — 228 W Pomona Ave, Monrovia, CA 91016

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3075091
    Latitude
    34.0488701

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    FAQs

    What type of property is this?
    Flex space - Centrally located micro-warehouse spaces with flexible lease terms.
    Where is this flex space located?
    The property is located at 3040 E 12th St Los Angeles, CA.
    What are key features of this property?
    This property features: Flexible lease terms with immediate move‑in.; All‑inclusive pricing includes utilities and Wi‑Fi.; Truck‑height loading docks and staffed warehouse manager for easy receiving.
    We can help!
    Listing Contact
    Theo Lisberger
    Real Estate License ID: ca
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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