Free-Standing Dock-High Manufacturing
For Sale
Contact for pricing
331-333 S Mission Rd, Los Angeles, CA 90033
Free-standing manufacturing/distribution building with dock-high loading and arts district adjacency in Los Angeles.
Property Size22,898 SF
Price / SF$315
Days on Market71
Property Features for 331-333 S Mission Rd
General Information
Standard status
Active
Size
22,898 SF
Property subtype
INDUSTRIAL
Listing Agency:
Maxner Real Estate
Listed By:
Chad Maxner
(213) 446-3548
Source:
Moodyscre
Added: Jul 6
Changed: Sep 4
Last Checked: Sep 14 at 11:12AM
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 Maxner Real Estate
Investment Insights
Based on property information with market context.
This free-standing manufacturing/distribution building is designed for dock-high loading, supporting efficient movement of goods and materials. The property totals 22,898 square feet.
The building is located at 331-333 S Mission Rd, Los Angeles, CA 90033, with the arts district adjacent.
With a manufacturing/distribution focus and dock-high configuration, the space is well suited for users seeking a standalone facility built around loading operations rather than multi-tenant arrangements.
The building is located at 331-333 S Mission Rd, Los Angeles, CA 90033, with the arts district adjacent.
With a manufacturing/distribution focus and dock-high configuration, the space is well suited for users seeking a standalone facility built around loading operations rather than multi-tenant arrangements.
Key Highlights
- 22,898 SF free‑standing manufacturing/distribution building
- Dock‑high loading configuration
- Arts district adjacent
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
$345,407
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
4.79%
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%
$6,908,140
$6.9M
Cap Rate 7%
$4,934,386
$4.9M
Cap Rate 9%
$3,837,856
$3.8M
Market Conditions
NOI Build-Up for 22,898 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
$434.1K $18.96/SF
− Vacancy
−$27.8K −$1.21/SF
EGI
$406.4K $17.75/SF
− OpEx
−$61.0K −$2.66/SF
NOI
$345.4K $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%
$6,908,140
Cap Rate 7%
$4,934,386
Cap Rate 9%
$3,837,856
Alternative Uses
Best Use
Warehouse
$4.93M
$4.32M – $5.76M
NOI $345,407 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$4.06M
$3.56M – $4.74M
NOI $284,453 @ 7.0% cap · market cap 3.94%
Theoretical Best
Multifamily LT 5
$463.90M
$405.91M – $541.22M
NOI $32,472,981 @ 7.0% cap · market cap 450.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,910
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Free-standing manufacturing/distribution building with dock-high loading and arts district adjacency in Los Angeles.
Where is this manufacturing property located?
The property is located at 331-333 S Mission Rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,212,870.
What are key features of this property?
This property features: 22,898 SF free‑standing manufacturing/distribution building; Dock‑high loading configuration; Arts district adjacent
