Warehouse-Studio Building with
667 S Santa Fe Ave Los Angeles, CA 90021
For Sale
Contact for pricing
Warehouse or studio building with three street frontages and high visibility on Santa Fe Ave.
Property Size35,470 SF
Price / SF$338.31
Days on Market820
Property Features for 667 S Santa Fe Ave
General Information
Standard status
Active
Size
35,470 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield
(213) 629-6528
Listed By:
Brandon Gill
(213) 629-6528
Source:
Moodyscre
Added: May 2, 2024
Changed: Jul 26
Last Checked: Jul 29 at 2:22PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This warehouse or studio building offers flexible commercial space with a recent rezone supporting a clear development path. The property is identified with Opportunity Zone benefits and is located within the Arts District BID.
The building features three street frontages with high visibility along Santa Fe Ave. The property is also described as being within walking distance to restaurants and amenities.
For sale and well-suited to buyers seeking a warehouse or creative studio configuration in the Arts District, this asset combines multiple frontages and visibility with a rezoning backdrop for future planning.
The building features three street frontages with high visibility along Santa Fe Ave. The property is also described as being within walking distance to restaurants and amenities.
For sale and well-suited to buyers seeking a warehouse or creative studio configuration in the Arts District, this asset combines multiple frontages and visibility with a rezoning backdrop for future planning.
Key Highlights
- Warehouse or studio building with three street frontages
- High visibility on Santa Fe Ave with street frontage
- Recent rezone provides a clear development path
Financial Insights For Office B
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 | $1.38M | $38.88 |
| − Vacancy | −$256.5k | −$7.23 |
| EGI | $1.12M | $31.65 |
| − OpEx | −$280.6k | −$7.91 |
| NOI | $841.9k | $23.74 |
35,470 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$12.03M
$10.52M – $14.03M
NOI $841,924 @ 7.0% cap · market cap 7.02%
Second Best
Warehouse
$7.64M
$6.69M – $8.92M
NOI $535,050 @ 7.0% cap · market cap 4.46%
Theoretical Best
Multifamily LT 5
$718.60M
$628.78M – $838.37M
NOI $50,302,063 @ 7.0% cap · market cap 419.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- DDC Dependable Distribution Centers Los Angeles — 2555 E Olympic Blvd, Los Angeles, CA 90023
- Auto Conduct BUNKER — 1219 S Santa Fe Ave, Los Angeles, CA 90021
- Auto Conduct Group, Inc. — 1219 S Santa Fe Ave, Los Angeles, CA 90021
- Prologis — 1700 Bay St, Los Angeles, CA 90021
- DTLA Auto Storage — 1219 S Santa Fe Ave, Los Angeles, CA 90021
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse or studio building with three street frontages and high visibility on Santa Fe Ave.
Where is this warehouse located?
The property is located at 667 S Santa Fe Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Warehouse or studio building with three street frontages; High visibility on Santa Fe Ave with street frontage; Recent rezone provides a clear development path
