Vernon Warehouse with Secured
For Sale
$23,900,000
5008 S Boyle Ave, Los Angeles, CA 90058
Large warehouse with secured yard in Vernon, California.
Property Size129,269 SF
Price / SF$184.89
Days on Market270
Property Features for 5008 S Boyle Ave
General Information
Standard status
Active
Size
129,269 SF
Property subtype
Industrial
Building Details
Building Size
129,269 SF
Listing Agency:
Lee & Associates
(323) 767-2113
Listed By:
Jim Halferty · License #CalDRE #01212024
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 22
Last Checked: Aug 22 at 3:39AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This warehouse property, located in Vernon, California, offers a total area of 129,269 square feet. It features 16 dock-high positions along a 150-foot exterior dock. The interior provides clearances ranging from 14 to 16 feet. The property includes a large, secured yard and heavy power, supplied by two panels providing 2,500 amps. The building incorporates a sawtooth roof design, allowing for ample natural light. Approximately 9,165 square feet of the space is dedicated to attractive, air-conditioned office space. The property's location in the City of Vernon is strategic, and the large parcel presents potential for future development.
Key Highlights
- 150’ Exterior Dock with 16 Dock High Positions
- Rare Large Parcel for Potential Development
- Heavy Power - 2 Panels; 2,500 Amps
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
$1,949,968
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
8.16%
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%
$38,999,360
$39.0M
Cap Rate 7%
$27,856,686
$27.9M
Cap Rate 9%
$21,666,311
$21.7M
Market Conditions
NOI Build-Up for 129,269 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
$2.45M $18.96/SF
− Vacancy
−$156.9K −$1.21/SF
EGI
$2.29M $17.75/SF
− OpEx
−$344.1K −$2.66/SF
NOI
$1.95M $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$38,999,360
Cap Rate 7%
$27,856,686
Cap Rate 9%
$21,666,311
Alternative Uses
Best Use
Warehouse
$27.86M
$24.37M – $32.50M
NOI $1,949,968 @ 7.0% cap · market cap 8.16%
Second Best
Industrial
$22.94M
$20.07M – $26.76M
NOI $1,605,856 @ 7.0% cap · market cap 6.72%
Theoretical Best
Multifamily LT 5
$2,618.91M
$2,291.55M – $3,055.40M
NOI $183,323,863 @ 7.0% cap · market cap 767.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
908
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 Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Large warehouse with secured yard in Vernon, California.
Where is this warehouse located?
The property is located at 5008 S Boyle Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $23,900,000.
What are key features of this property?
This property features: 150’ Exterior Dock with 16 Dock High Positions; Rare Large Parcel for Potential Development; Heavy Power - 2 Panels; 2,500 Amps
