Industrial Land with Existing
For Sale
Contact for pricing
3122 S Grand Ave, Los Angeles, CA 90007
M1-zoned site with three-phase power and access to nearby freeway ramps and Metro A Line station.
Property Size22,860 SF
Price / SF$159.67
Days on Market172
Property Features for 3122 S Grand Ave
General Information
Standard status
Active
Size
22,860 SF
Property subtype
LAND
Site & Location
Neighborhood
University Park
Listing Agency:
Dorin Realty Company
Listed By:
Mark Whitman · License #CA 00918875
(213) 627-0007
Source:
Moodyscre
Added: May 13
Changed: Oct 26
Last Checked: Oct 30 at 2:02PM
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 Dorin Realty Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial land property totals 22,860 square feet and includes a 3,900-square-foot industrial building. The site is zoned M1 and designated TOC Tier 3, with existing 3-phase power serving the building. The combination of land area and an existing industrial improvement supports consideration of industrial uses and future development, subject to applicable approvals.
The property is located at the northeast corner of S. Grand Ave. and W 32nd St. in Los Angeles. It offers immediate proximity to the 110 Fwy ramps and the Metro A Line station, with USC and Exposition Park also nearby.
The property is located at the northeast corner of S. Grand Ave. and W 32nd St. in Los Angeles. It offers immediate proximity to the 110 Fwy ramps and the Metro A Line station, with USC and Exposition Park also nearby.
Key Highlights
- 22,860‑square‑foot industrial land property
- Includes a 3,900 SF industrial building
- M1 zoning with TOC Tier 3 designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,980
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,679,600
$5.7M
Cap Rate 7%
$4,056,857
$4.1M
Cap Rate 9%
$3,155,333
$3.2M
Market Conditions
NOI Build-Up for 22,860 SF
Gross rent
$433.4K $18.96/SF
− Vacancy
−$27.7K −$1.21/SF
EGI
$405.7K $17.75/SF
− OpEx
−$121.7K −$5.32/SF
NOI
$284.0K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,679,600
Cap Rate 7%
$4,056,857
Cap Rate 9%
$3,155,333
Alternative Uses
Best Use
Industrial
$4.06M
$3.55M – $4.73M
NOI $283,980 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$463.13M
$405.24M – $540.32M
NOI $32,419,091 @ 7.0% cap · market cap 888.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Industrial land - M1-zoned site with three-phase power and access to nearby freeway ramps and Metro A Line station.
Where is this industrial land located?
The property is located at 3122 S Grand Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 22,860‑square‑foot industrial land property; Includes a 3,900 SF industrial building; M1 zoning with TOC Tier 3 designation
