DTLA Warehouse Investment
For Sale
$1,830,000
620 E 7th St, Los Angeles, CA 90021
Leased investment property in DTLA warehouse district, user potential.
Property Size7,500 SF
Price / SF$244
Days on Market315
Property Features for 620 E 7th St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Building Details
Building Size
7,500 SF
Year Built
1980
Listing Agency:
Lee & Associates
Listed By:
Matthew Artukovich · License #CalDRE #01188251
(323) 767-2033
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 4
Last Checked: Oct 7 at 9:25AM
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 property is a triple net (NNN) leased investment with a 5.3% cap rate, generating an annual net operating income (NOI) of $97,344. The current lease expires on 10/31/25, but the tenant has the option to vacate early for an owner-user. The property features a concrete block building with a height of 17 feet. It also includes fenced parking located in the rear. The property is situated in the DTLA Warehouse District and has a size of 7500 square feet.
Key Highlights
- 5.3% Cap Rate
- $97,344 Annual NOI
- Triple Net (NNN) Leased Investment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,134
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,680
$2.3M
Cap Rate 7%
$1,616,200
$1.6M
Cap Rate 9%
$1,257,044
$1.3M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$142.2K $18.96/SF
− Vacancy
−$9.1K −$1.21/SF
EGI
$133.1K $17.75/SF
− OpEx
−$20.0K −$2.66/SF
NOI
$113.1K $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%
$2,262,680
Cap Rate 7%
$1,616,200
Cap Rate 9%
$1,257,044
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,134 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,169 @ 7.0% cap · market cap 5.09%
Theoretical Best
Multifamily LT 5
$151.95M
$132.95M – $177.27M
NOI $10,636,185 @ 7.0% cap · market cap 581.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
16,674
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
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 - Leased investment property in DTLA warehouse district, user potential.
Where is this warehouse located?
The property is located at 620 E 7th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: 5.3% Cap Rate; $97,344 Annual NOI; Triple Net (NNN) Leased Investment
