Renovated Industrial Warehouse
6000 South Gramercy Place Los Angeles, CA 90047
New
For Sale
Contact for pricing
Renovated warehouse with office space, dock-high and grade-level loading, 3-phase power, plus vacant space for lease or owner-occupancy.
Property Size39,976 SF
Price / SF$229.89
Days on Market7
Property Features for 6000 South Gramercy Place
General Information
Standard status
Active
Size
39,976 SF
Property subtype
Retail, Industrial
Building Details
Year Built
1926
Listing Agency:
PLG ESTATES
Listed By:
Jason Boritz · License #02229779
Source:
Crexi
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 28 at 11:04AM
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 PLG ESTATES
Investment Insights
Based on property information with market context.
This for-sale industrial asset totals approximately 39,976 square feet and combines warehouse and office components in a flexible layout. Originally built in 1926 and extensively renovated in 2020, the property includes high ceilings, 3-phase power, and both dock-high and grade-level loading. An estimated 14,000 square feet of space is currently vacant and available to be leased or occupied by an owner-user.
Located in Los Angeles, the property is described as an infill location with convenient access to major transportation corridors. The current offering is noted as generating approximately $360,000 in annual Net Operating Income, with additional vacancy intended for lease-up or stabilization.
For an owner-occupant, the available space can support occupying a portion of the building while maintaining existing in-place income. For investors, the opportunity is presented as an industrial value-add scenario tied to the remaining vacancy.
Located in Los Angeles, the property is described as an infill location with convenient access to major transportation corridors. The current offering is noted as generating approximately $360,000 in annual Net Operating Income, with additional vacancy intended for lease-up or stabilization.
For an owner-occupant, the available space can support occupying a portion of the building while maintaining existing in-place income. For investors, the opportunity is presented as an industrial value-add scenario tied to the remaining vacancy.
Key Highlights
- 39,976 SF industrial building in Los Angeles, built in 1926 and extensively renovated in 2020
- Approx. $360,000 annual Net Operating Income with in‑place rental income
- About 14,000 SF of vacant space available to lease or for owner‑user occupancy
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $757.9k | $18.96 |
| − Vacancy | −$48.5k | −$1.21 |
| EGI | $709.4k | $17.75 |
| − OpEx | −$106.4k | −$2.66 |
| NOI | $603.0k | $15.08 |
39,976 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$8.61M
$7.54M – $10.05M
NOI $603,021 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$7.09M
$6.21M – $8.28M
NOI $496,606 @ 7.0% cap · market cap 5.40%
Theoretical Best
Multifamily LT 5
$809.89M
$708.65M – $944.87M
NOI $56,692,283 @ 7.0% cap · market cap 616.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- K Michelle's Kitchen Catering — 6415 2nd Ave, Los Angeles, CA 90043
- The Sauce Kitchen — 2064 W 66th St, Los Angeles, CA 90047
- Chef Grizzly Llc — 2801 W 54th St, Los Angeles, CA 90043
Frequently Asked Questions
What type of property is this?
Flex space - Renovated warehouse with office space, dock-high and grade-level loading, 3-phase power, plus vacant space for lease or owner-occupancy.
Where is this flex space located?
The property is located at 6000 South Gramercy Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $9,190,000.
What are key features of this property?
This property features: 39,976 SF industrial building in Los Angeles, built in 1926 and extensively renovated in 2020; Approx. $360,000 annual Net Operating Income with in‑place rental income; About 14,000 SF of vacant space available to lease or for owner‑user occupancy
