Industrial Property for
For Sale
$2,228,000
3312 East Pico Boulevard, Los Angeles, CA 90023
Industrial property available for sale in Los Angeles, CA.
Property Size11,200 SF
Price / SF$198.93
Days on Market202
Property Features for 3312 East Pico Boulevard
General Information
Standard status
Active
Size
11,200 SF
Property subtype
Industrial
Building Details
Building Size
11,200 SF
Listing Agency:
Lee & Associates
Listed By:
Armen Kazaryan, MRED · License #CalDRE #01291719
(323) 767-2041
Source:
Lee-associates
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 12 at 4:44PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This industrial property, encompassing 11200 square feet, is available for sale.
Key Highlights
- For sale
- Year Built: 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,133
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,782,660
$2.8M
Cap Rate 7%
$1,987,614
$2.0M
Cap Rate 9%
$1,545,922
$1.5M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$212.4K $18.96/SF
− Vacancy
−$13.6K −$1.21/SF
EGI
$198.8K $17.75/SF
− OpEx
−$59.6K −$5.32/SF
NOI
$139.1K $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%
$2,782,660
Cap Rate 7%
$1,987,614
Cap Rate 9%
$1,545,922
Alternative Uses
Best Use
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,133 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$226.91M
$198.54M – $264.72M
NOI $15,883,369 @ 7.0% cap · market cap 712.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
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
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property available for sale in Los Angeles, CA.
Where is this industrial property located?
The property is located at 3312 East Pico Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,228,000.
What are key features of this property?
This property features: For sale; Year Built: 1955
