Vernon Warehouse/Medical Building For
For Sale
Contact for pricing
3701 S Santa Fe Ave, Vernon, CA 90058
3,036 SF building in Vernon, ideal for owner/user.
Property Size3,036 SF
Price / SF$494.07
Days on Market167
Property Features for 3701 S Santa Fe Ave
General Information
Standard status
Active
Size
3,036 SF
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1914
Stories
1
Listing Agency:
Korus Real Estate
(213) 251-9000
Listed By:
Mark Hong · License #CA
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 11 at 12:24PM
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 Korus Real Estate
Investment Insights
Based on property information with market context.
This 3,036 square foot building is located at the southwest corner of South Santa Fe Avenue and East 37th Street in the central city of Vernon. Historically used as a medical/dental building, it is ideal for an owner/user seeking storage or distribution space. The property offers ingress and egress from two streets and loading dock access from the parking lot. Its location provides convenient access to the 10 Santa Monica Freeway via the Santa Fe Avenue exit.
Key Highlights
- Ideal for Owner/User (Storage/Distribution)
- Convenient to the (10) Santa Monica Freeway (Santa Fe Ave Exit)
- Ingress and Egress from Two (2) Streets
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
$66,365
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
4.42%
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%
$1,327,300
$1.3M
Cap Rate 7%
$948,071
$948.1K
Cap Rate 9%
$737,389
$737.4K
Market Conditions
NOI Build-Up for 3,036 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
$116.6K $38.40/SF
− Vacancy
−$28.1K −$9.25/SF
EGI
$88.5K $29.15/SF
− OpEx
−$22.1K −$7.29/SF
NOI
$66.4K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,327,300
Cap Rate 7%
$948,071
Cap Rate 9%
$737,389
Alternative Uses
Best Use
Office B
$948.1K
$829.6K – $1.11M
NOI $66,365 @ 7.0% cap · market cap 4.42%
Second Best
Healthcare Medical
$822.5K
$719.7K – $959.6K
NOI $57,575 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,782 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90058, CA
3,751
Population
1,179
Households
3.2
Avg Household Size
31
Median Age
22%
College-Educated
58%
High-School Grad
5.8 sq mi
ZIP Area
647
Density / Sq Mi
$36,680
Median Household Income
$24,594
Median Earnings
$1,030
Median Rent
$456,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,036 SF building in Vernon, ideal for owner/user.
Where is this warehouse located?
The property is located at 3701 S Santa Fe Ave Vernon, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Ideal for Owner/User (Storage/Distribution); Convenient to the (10) Santa Monica Freeway (Santa Fe Ave Exit); Ingress and Egress from Two (2) Streets
