650 Broad Avenue, Wilmington, CA 90744

Building Details

Building Size 4,480 SF More

Year Built 1990 More

Listing Agency: Keller Williams Pacific Estate Show Phone

Listed By: Nataliya Abolfathi · License #02249227 Show Phone

Source: Ditollarealestate

Added: Aug 28 Changed: Nov 6 Last Checked: Nov 6 at 3:16PM

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Investment Insights

Based on property information with market context.

This freestanding warehouse contains 4,480 square feet and was built in 1990. Its interior has an open floor plan, high clearance, roll-up loading access, and storage space. The property is zoned LAC2.

The building is in Wilmington, near the Port of Los Angeles, with access to the 110, 710, and 405 freeways.

Key Highlights

• 4,480‑square‑foot freestanding warehouse
• LAC2 zoning
• Built in 1990

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,579

Cap Rate

3.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,351,580 $1.4M

Cap Rate 7%

$965,414 $965.4K

Cap Rate 9%

$750,878 $750.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,480 SF

Gross rent

$84.9K $18.96/SF

− Vacancy

−$5.4K −$1.21/SF

EGI

$79.5K $17.75/SF

− OpEx

−$11.9K −$2.66/SF

NOI

$67.6K $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%

$1,351,580

Cap Rate 7%

$965,414

Cap Rate 9%

$750,878

Alternative Uses

Best Use

Warehouse

$965.4K

$844.7K – $1.13M (±1% cap)

NOI $67,579 @ 7.0% cap · market cap 3.38%

Second Best

Industrial

$795.0K

$695.7K – $927.6K (±1% cap)

NOI $55,653 @ 7.0% cap · market cap 2.78%

Theoretical Best

Multifamily LT 5

$90.76M

$79.42M – $105.89M (±1% cap)

NOI $6,353,348 @ 7.0% cap · market cap 317.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Electrical Service Computer & Electronic Repair Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,267

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 90744, CA

53,074

Population

15,536

Households

3.4

Avg Household Size

33

Median Age

9%

College-Educated

62%

High-School Grad

8.9 sq mi

ZIP Area

5,963

Density / Sq Mi

$61,440

Median Household Income

$32,781

Median Earnings

$1,426

Median Rent

$596,100

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Orange County, CA

$485 Jul

$433 Aug

$454 Sep

$446 Oct

Properties on Market for Warehouses in Orange County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - The LAC2-zoned building has an open floor plan and roll-up loading access.

Where is this warehouse located?

The property is located at 650 Broad Avenue Wilmington, CA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 4,480‑square‑foot freestanding warehouse; LAC2 zoning; Built in 1990