Modern Flex Facility With
For Sale
Contact for pricing
3800 S Hill St, Los Angeles, CA 90037
Freestanding industrial facility with secured parking, renovated office areas, and dedicated production and design rooms.
Property Size18,440 SF
Price / SF$300.98
Days on Market146
Property Features for 3800 S Hill St
General Information
Standard status
Active
Size
18,440 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
loading
Building Details
Buildings
1
Listing Agency:
Cushman & Wakefield
(213) 629-6528
Listed By:
Brandon Gill
(213) 629-6528
Source:
Moodyscre
Added: Apr 6
Changed: Aug 29
Last Checked: Aug 29 at 3:17PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This freestanding flex facility contains 18,440 square feet and combines renovated office areas with dedicated production and design rooms. The property is described as a well-maintained, modern facility with loading capability and gated, secured parking.
Located on S Hill St in Los Angeles, the property offers access to Freeway 110 and connectivity throughout the Los Angeles area. USC, the Coliseum, BMO Stadium, and the Lucas Museum are identified among the surrounding destinations.
Located on S Hill St in Los Angeles, the property offers access to Freeway 110 and connectivity throughout the Los Angeles area. USC, the Coliseum, BMO Stadium, and the Lucas Museum are identified among the surrounding destinations.
Key Highlights
- 18,440‑square‑foot freestanding flex facility
- Gated and secured parking
- Renovated office areas
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
$264,651
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
4.77%
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%
$5,293,020
$5.3M
Cap Rate 7%
$3,780,729
$3.8M
Cap Rate 9%
$2,940,567
$2.9M
Market Conditions
NOI Build-Up for 18,440 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
$442.6K $24.00/SF
− Vacancy
−$35.4K −$1.92/SF
EGI
$407.2K $22.08/SF
− OpEx
−$142.5K −$7.73/SF
NOI
$264.7K $14.35/SF
Area
ZIP 90037
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$5,293,020
Cap Rate 7%
$3,780,729
Cap Rate 9%
$2,940,567
Alternative Uses
Best Use
Flex RnD
$3.78M
$3.31M – $4.41M
NOI $264,651 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$3.27M
$2.86M – $3.82M
NOI $229,073 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$7.23M
$6.32M – $8.43M
NOI $505,782 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,159
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial facility with secured parking, renovated office areas, and dedicated production and design rooms.
Where is this flex space located?
The property is located at 3800 S Hill St Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: 18,440‑square‑foot freestanding flex facility; Gated and secured parking; Renovated office areas
