Properties For Sale

at 465 E 32nd St

465 E 32nd St AVAILABLE, 30 Days

Size 10,000 SF

Type INDUSTRIAL

Lease Type GROSS

Sublease No

10,000 SF + Free 2,400 SF = Approx. 12,400 SF Building Near San Pedro St & 32nd St Corner No Posts Inside – Wide Open Rectangle Shape 400 Amps of 3 Phase Power 5 Minutes From L.A. Fashion District 17 Parking Spaces

Contact us

Listing Agency: Magic Properties, Inc. Show Phone

Listed By: Nathan Yoon Show Phone

Source: Moodyscre

Added: May 21 Changed: Oct 5 Last Checked: Oct 16 at 6:13AM

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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 Magic Properties, Inc.

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Investment Insights

Based on property information with market context.

This industrial building offers approximately 12,400 square feet of space, including 10,000 square feet plus an additional 2,400 square feet. The building features a wide-open, rectangular layout with no interior posts. It is equipped with 400 Amps of 3 Phase power and includes 17 parking spaces. The property is located near the corner of San Pedro Street and 32nd Street, and is situated approximately 5 minutes from the Los Angeles Fashion District.

Key Highlights

• Approximately 12,400 SF Building (10,000 SF + Free 2,400 SF)
• Enjoy the wide‑open space with no posts inside – a wide open rectangle shape
• 5 Minutes From L.A. Fashion District

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$124,226

Cap Rate

4.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,484,520 $2.5M

Cap Rate 7%

$1,774,657 $1.8M

Cap Rate 9%

$1,380,289 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$189.6K $18.96/SF

− Vacancy

−$12.1K −$1.21/SF

EGI

$177.5K $17.75/SF

− OpEx

−$53.2K −$5.32/SF

NOI

$124.2K $12.42/SF

Area

ZIP 90011

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%

$2,484,520

Cap Rate 7%

$1,774,657

Cap Rate 9%

$1,380,289

Alternative Uses

Best Use

Industrial

$1.77M

$1.55M – $2.07M (±1% cap)

NOI $124,226 @ 7.0% cap · market cap 4.80%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$202.59M

$177.27M – $236.36M (±1% cap)

NOI $14,181,580 @ 7.0% cap · market cap 547.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,337

Businesses Nearby

Explore this area Business Placement

Demographics for 90011, CA

102,308

Population

25,119

Households

4.1

Avg Household Size

30

Median Age

6%

College-Educated

43%

High-School Grad

4.3 sq mi

ZIP Area

23,793

Density / Sq Mi

$53,781

Median Household Income

$27,889

Median Earnings

$1,497

Median Rent

$575,200

Median Home Value

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - 12,400 SF industrial building near San Pedro St & 32nd St.

Where is this industrial property located?

The property is located at 465 E 32nd St Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,590,000.

What are key features of this property?

This property features: Approximately 12,400 SF Building (10,000 SF + Free 2,400 SF); Enjoy the wide‑open space with **no posts inside – a wide open rectangle shape**; 5 Minutes From L.A. Fashion District