Renovated Industrial Warehouse
For Sale
Contact for pricing
6000 South Gramercy Place, Los Angeles, CA 90047
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 Market86
Property Features for 6000 South Gramercy Place
General Information
Standard status
Active
Size
39,976 SF
Class
C
Property subtype
Retail, Industrial
Occupancy
64%
Lease Type
Modified Gross
Net Operating Income
$360,000
Additional Details
Heavy Power
Yes
Building Details
Year Built
1926
Year Renovated
2020
Tenancy
Multi
Listing Agency:
PLG ESTATES
Listed By:
Jason Boritz · License #02229779
Source:
Crexi
Added: Jul 23
Changed: Oct 6
Last Checked: Oct 16 at 7:05AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$603,021
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,060,420
$12.1M
Cap Rate 7%
$8,614,586
$8.6M
Cap Rate 9%
$6,700,233
$6.7M
Market Conditions
NOI Build-Up for 39,976 SF
Gross rent
$757.9K $18.96/SF
− Vacancy
−$48.5K −$1.21/SF
EGI
$709.4K $17.75/SF
− OpEx
−$106.4K −$2.66/SF
NOI
$603.0K $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 Rate 5%
$12,060,420
Cap Rate 7%
$8,614,586
Cap Rate 9%
$6,700,233
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.
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Similar Off Market Nearby
- The Sauce Kitchen — 2064 W 66th St, Los Angeles, CA 90047
- K Michelle's Kitchen Catering — 6415 2nd Ave, Los Angeles, CA 90043
- 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
