Brick Warehouse with
New
For Sale
$5,872,000
644-648 Mateo Street, Los Angeles, CA 90021
The warehouse includes office space, exposed structural details, and HVAC serving the offices and part of the warehouse.
Property Size14,680 SF
Price / SF$400
Days on Market6
Property Features for 644-648 Mateo Street
General Information
Standard status
Active
Size
14,680 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
14,680 SF
Year Built
1933
Construction
brick and beam
Properties For Sale
at 644-648 Mateo Street
Available Space
Size
14,680 SF
Lease Type
G
FOR SALE & LEASE Restrooms: 5 Lease Term: 3-5 Years Possession: 60 Days Please verify all information herein as broker does not warrant its accuracy.
Contact us
Listing Agency:
Daum Commercial
Listed By:
Bryan Abayan · License #CA 02005294
(310) 883-8476
Source:
Daumcommercial
Added: Oct 1
Last Checked: Oct 5 at 3:02PM
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 Daum Commercial
Investment Insights
Based on property information with market context.
Built in 1933, this 14,680-square-foot warehouse property pairs warehouse and office space with exposed brick and beams. Skylights bring natural light into the building. HVAC serves the offices and part of the warehouse.
The property is less than 0.5 miles from major regional freeway access, with access to the 10, 5, 60, 110, and 710 freeways. The 6th Street Bridge is also nearby.
The property is less than 0.5 miles from major regional freeway access, with access to the 10, 5, 60, 110, and 710 freeways. The 6th Street Bridge is also nearby.
Key Highlights
- 14,680‑square‑foot warehouse property with office space
- Built in 1933
- Exposed brick and beams, with skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,442
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,428,840
$4.4M
Cap Rate 7%
$3,163,457
$3.2M
Cap Rate 9%
$2,460,467
$2.5M
Market Conditions
NOI Build-Up for 14,680 SF
Gross rent
$278.3K $18.96/SF
− Vacancy
−$17.8K −$1.21/SF
EGI
$260.5K $17.75/SF
− OpEx
−$39.1K −$2.66/SF
NOI
$221.4K $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%
$4,428,840
Cap Rate 7%
$3,163,457
Cap Rate 9%
$2,460,467
Alternative Uses
Best Use
Warehouse
$3.16M
$2.77M – $3.69M
NOI $221,442 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$297.41M
$260.23M – $346.98M
NOI $20,818,559 @ 7.0% cap · market cap 354.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,464
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
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 - The warehouse includes office space, exposed structural details, and HVAC serving the offices and part of the warehouse.
Where is this warehouse located?
The property is located at 644-648 Mateo Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,872,000.
What are key features of this property?
This property features: 14,680‑square‑foot warehouse property with office space; Built in 1933; Exposed brick and beams, with skylights
