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Boyle Heights Industrial Corner Property

3109 E 11th Street Los Angeles, CA 90023

3109 E 11th Street, Los Angeles, CA, 90023
$1,200,000
For Sale
Claim this Listing
$1,200,000

5,410 SF building in Boyle Heights industrial area.

Property Size5,410 SF
Price / SF$221.81
AddedApr 27, 2025
Days on Market446
Last RefreshMar 16 at 9:09 am

Property Features for 3109 E 11th Street

General Information

Standard status
Active
Size
5,410 SF

Building Details

Year Built
1954

Listing office ED KOENIG IRE

Listing date Apr 27, 2025

Source Corcoran

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 ED KOENIG IRE


Investment Insights

Based on property information with market context.

Located in the Boyle Heights industrial area, this 5,410 square foot building is positioned at the corner of 11th Street and Dakota Street. The property is suited for an owner-user and currently houses a Transmission Shop specializing in rebuilding transmissions; the lease is set to expire in August 2025. The interior includes approximately 500 square feet of office space and a restroom, with the remaining area configured as warehouse/workshop space. The building features three roll-up doors, with two facing 11th Street and one facing the alleyway. The expansive lot provides ample storage space and off-street parking. The property is close to major transit routes and offers alley access. Potential uses include manufacturing, machine shop, printing, or storage. The building has three-phase electric power, which is to be verified by the buyer. It has rollup doors of 8’ and 10’. The adjacent building, located at 3100 E Olympic Blvd across from the alleyway, is also available for purchase.

Key Highlights

  • Ideal for owner‑user in the Boyle Heights industrial area.
  • Expansive lot provides ample storage space and off‑street parking.
  • Three roll‑up doors (two facing 11th Street) for versatile access.

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 $102.6k $18.96
− Vacancy −$6.6k −$1.21
EGI $96.0k $17.75
− OpEx −$14.4k −$2.66
NOI $81.6k $15.08
5,410 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%

Alternative Uses

Best Use
Retail
$1.79M
$1.57M – $2.09M (±1% cap)
NOI $125,551 @ 7.0% cap · market cap 10.46%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M (±1% cap)
NOI $81,608 @ 7.0% cap · market cap 6.80%
Theoretical Best
Multifamily LT 5
$109.60M
$95.90M – $127.87M (±1% cap)
NOI $7,672,235 @ 7.0% cap · market cap 639.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Skin Care Clinic Hotel & Motel Dental Office Kitchen & Bath Showroom Garden Center Parking Lot & Garage

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

Similar Off Market Nearby

  • Lineage — 3001 Sierra Pine Ave, Vernon, CA 90058
  • Pilot Water Tower Warehouse — 2820 S Soto St, Los Angeles, CA 90023
  • 99¢ Only Store Distribution Center — 3050 E Washington Blvd, Los Angeles, CA 90023
  • Lineage — 3200 E Washington Blvd, Vernon, CA 90058
  • Lineage — 3100 E Washington Blvd, Los Angeles, CA 90023

FAQs

What type of property is this?
Warehouse - 5,410 SF building in Boyle Heights industrial area.
Where is this warehouse located?
The property is located at 3109 E 11th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Ideal for owner‑user in the Boyle Heights industrial area.; Expansive lot provides ample storage space and off‑street parking.; Three roll‑up doors (two facing 11th Street) for versatile access.
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