Industrial Building Near Fashion
For Sale
Contact for pricing
465 E 32nd St, Los Angeles, CA 90011
12,400 SF industrial building near San Pedro St & 32nd St.
Property Size10,000 SF
Price / SF$259
Days on Market104
Property Features for 465 E 32nd St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Lease Type
Gross
Properties For Sale
at 465 E 32nd St Contact us- Size
- 10,000 SF
- Type
- INDUSTRIAL
- Lease Type
- GROSS
- Availability
- AVAILABLE, 30 Days
- Sublease
- No
465 E 32nd St
10,000 SF + Free 2,400 SF = Approx. 12,400 SF Building
Near San Pedro St & 32nd...
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Listing Agency:
Magic Properties, Inc.
(213) 321-3935
Listed By:
Nathan Yoon
(213) 321-3935
Source:
Moodyscre
Added: May 21
Changed: Aug 15
Last Checked: Aug 31 at 2:30AM
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.
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 = 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
$124,226
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
4.80%
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%
$2,484,520
$2.5M
Cap Rate 7%
$1,774,657
$1.8M
Cap Rate 9%
$1,380,289
$1.4M
Market Conditions
NOI Build-Up for 10,000 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
$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 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%
$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
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
NOI $14,181,580 @ 7.0% cap · market cap 547.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
