Listed By: Brent Koo · License #01915382 Show Phone

Source: Cbre

Added: Jul 15 Changed: Oct 4 Last Checked: Oct 5 at 3:13PM

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Investment Insights

Based on property information with market context.

This freestanding warehouse building is configured as a two-story facility and provides 16' clear height. The property also includes a fenced lot, which supports secure storage or controlled access for day-to-day operations.

The asset is located in the heart of DTLA at 716 E 9th Pl in Los Angeles. It is presented as a strong owner-user opportunity.

At the time of listing, no additional improvements or unit mix details are provided beyond the building height, two-story structure, and fenced lot configuration.

Key Highlights

• Two‑story freestanding building for owner‑user use
• 16' clear height
• Fenced lot for added site security and operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,540

Cap Rate

3.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,390,800 $1.4M

Cap Rate 7%

$993,429 $993.4K

Cap Rate 9%

$772,667 $772.7K

Market Conditions

NOI Build-Up for 4,610 SF

Gross rent

$87.4K $18.96/SF

− Vacancy

−$5.6K −$1.21/SF

EGI

$81.8K $17.75/SF

− OpEx

−$12.3K −$2.66/SF

NOI

$69.5K $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%

$1,390,800

Cap Rate 7%

$993,429

Cap Rate 9%

$772,667

Alternative Uses

Best Use

Warehouse

$993.4K

$869.3K – $1.16M (±1% cap)

NOI $69,540 @ 7.0% cap · market cap 3.94%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$93.40M

$81.72M – $108.96M (±1% cap)

NOI $6,537,708 @ 7.0% cap · market cap 370.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Adult Day Care Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Restaurant

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

Location Intelligence

Trade Area within ½ mile

12,676

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

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Two-story freestanding warehouse offering 16' clear height and a fenced lot for owner-user operations.

Where is this warehouse located?

The property is located at 716 East 9th Place Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,766,513.

What are key features of this property?

This property features: Two‑story freestanding building for owner‑user use; 16' clear height; Fenced lot for added site security and operations