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    Six-Unit Warehouse in Los Angeles

    380-388 Omar St Los Angeles, CA

    380-388 Omar St, Los Angeles, CA, 00000
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    Fully occupied warehouse building with month-to-month tenants.

    Property Size5,500 SF
    Lot Size0.13 Acres
    Price / SF$318.18
    AddedApr 10, 2025
    Days on Market463
    Last RefreshJul 15 at 11:27 am

    Property Features for 380-388 Omar St

    General Information

    Standard status
    Active
    Size
    5,500 SF
    Lot size
    0.13 Acres
    Property subtype
    INDUSTRIAL

    Listing office Pinnacle Real Estate Group

    Listing date Apr 10, 2025

    Source Moodyscre

    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 Pinnacle Real Estate Group

    Investment Insights

    Based on property information with market context.

    This is a free-standing, six-unit warehouse building situated on a corner lot at 451-455 E 4th St and 380-388 Omar St in Los Angeles, CA. The property is fully occupied with tenants on month-to-month leases. The building's total size is 5500 square feet.

    Key Highlights

    • Fully Occupied w/Month‑to‑Month Tenants
    • Free Standing Building
    • 6 Unit Warehouse

    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 $104.3k $18.96
    − Vacancy −$6.7k −$1.21
    EGI $97.6k $17.75
    − OpEx −$14.6k −$2.66
    NOI $83.0k $15.08
    5,500 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.19M
    $1.04M – $1.38M (±1% cap)
    NOI $82,965 @ 7.0% cap · market cap 4.74%
    Second Best
    Industrial
    $976.1K
    $854.1K – $1.14M (±1% cap)
    NOI $68,324 @ 7.0% cap · market cap 3.90%
    Theoretical Best
    Multifamily LT 5
    $111.43M
    $97.50M – $130.00M (±1% cap)
    NOI $7,799,869 @ 7.0% cap · market cap 445.71%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    (Bike/Boat/Book/etc) Store Adult Day Care Tanning Salon (Bike/Boat/Book/etc) Store Pet Grooming Service Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store Clothing & Fashion Store Restaurant

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

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    FAQs

    What type of property is this?
    Warehouse - Fully occupied warehouse building with month-to-month tenants.
    Where is this warehouse located?
    The property is located at 380-388 Omar St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Fully Occupied w/Month‑to‑Month Tenants; Free Standing Building; 6 Unit Warehouse
    Contact an agent
    (626) 826-7980 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Irene A. Lin, CCIM
    Real Estate License ID: 00875091
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