Clear-Span Warehouse with
For Sale
Contact for pricing
5901 Mettler St, Los Angeles, CA 90003
Clear-span bow-truss warehouse with skylights and ground-level loading, plus parking/storage and two parcels across the street.
Property Size5,600 SF
Price / SF$196.43
Days on Market104
Property Features for 5901 Mettler St
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Land
Zoning
MR1-2D-CPIO
Investment Type
Owner/User
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Drive-In Doors
1
Building Details
Stories
1
Listing Agency:
Major Properties
Listed By:
Jamie Kennedy · License #02426913
(412) 589-2751
Source:
Crexi
Added: Jun 9
Changed: Sep 6
Last Checked: Sep 19 at 6:17AM
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 Major Properties
Investment Insights
Based on property information with market context.
This offering includes an industrial clear-span, bow-truss warehouse designed to support practical parking and storage needs. The property provides approximately 11,200 square feet of space available for parking or storage, with good natural light provided by skylights. Access is served by a ground-level loading door, and the existing configuration is straightforward for industrial use and day-to-day operations.
The site is located just south of Slauson Avenue and one block west of Avalon Blvd in Los Angeles, CA. It is less than one mile east of the Harbor (110) Freeway and about three miles south of the Santa Monica (I-10) Freeway and Downtown Los Angeles. In addition to the warehouse and parking area, there are two land parcels across the street included with the opportunity.
For an owner-user, the combination of a clear-span warehouse, natural light from skylights, and ground-level loading can be a workable fit for storage-focused operations that also benefit from on-site parking. The property is also designated as a Qualified Opportunity Zone, which may be relevant for eligible buyers evaluating how to structure ownership and use.
The site is located just south of Slauson Avenue and one block west of Avalon Blvd in Los Angeles, CA. It is less than one mile east of the Harbor (110) Freeway and about three miles south of the Santa Monica (I-10) Freeway and Downtown Los Angeles. In addition to the warehouse and parking area, there are two land parcels across the street included with the opportunity.
For an owner-user, the combination of a clear-span warehouse, natural light from skylights, and ground-level loading can be a workable fit for storage-focused operations that also benefit from on-site parking. The property is also designated as a Qualified Opportunity Zone, which may be relevant for eligible buyers evaluating how to structure ownership and use.
Key Highlights
- Clear‑span bow truss warehouse with skylights and ground‑level loading door
- Approximately 11,200 SF available for parking/storage with good natural light
- Two additional land parcels across the street
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
$86,279
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
7.84%
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%
$1,725,580
$1.7M
Cap Rate 7%
$1,232,557
$1.2M
Cap Rate 9%
$958,656
$958.7K
Market Conditions
NOI Build-Up for 5,600 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
$106.2K $18.96/SF
− Vacancy
−$4.7K −$0.83/SF
EGI
$101.5K $18.13/SF
− OpEx
−$15.2K −$2.72/SF
NOI
$86.3K $15.41/SF
Area
ZIP 90003
Vacancy
4.40%
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%
$1,725,580
Cap Rate 7%
$1,232,557
Cap Rate 9%
$958,656
Alternative Uses
Best Use
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,279 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Apartment 5plus
$99.00M
$86.63M – $115.51M
NOI $6,930,303 @ 7.0% cap · market cap 630.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,766
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Warehouse - Clear-span bow-truss warehouse with skylights and ground-level loading, plus parking/storage and two parcels across the street.
Where is this warehouse located?
The property is located at 5901 Mettler St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Clear‑span bow truss warehouse with skylights and ground‑level loading door; Approximately 11,200 SF available for parking/storage with good natural light; Two additional land parcels across the street
