Free-Standing Warehouse with Six
For Sale
Contact for pricing
7331-7341 Deering Ave, Canoga Park, CA 91303
Multi-tenant warehouse offering six grade level doors and month-to-month occupancy for a hands-on operator.
Property Size7,975 SF
Price / SF$175.55
Days on Market58
Property Features for 7331-7341 Deering Ave
General Information
Standard status
Active
Size
7,975 SF
Property subtype
INDUSTRIAL
Listing Agency:
Commercial Property Group
(310) 204-4040
Listed By:
Thomas Walsmith
(310) 204-4040
Source:
Moodyscre
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 21 at 6:19AM
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 Commercial Property Group
Investment Insights
Based on property information with market context.
This free-standing warehouse property is configured as a multi-tenant building with six grade level loading doors. The offering includes six small units currently leased on a month-to-month basis, with the seller noting rents are below market. The property is positioned for an owner-operator or investor looking to manage leasing and operations within a warehouse setting, with seller-stated repaving to be coordinated—call agent regarding the seller repaving.
The building is located at 7331–7341 Deering Ave in Canoga Park, CA 91303. Because the property is free-standing and supported by multiple grade level doors, it is designed to accommodate practical warehouse access for tenants that require straightforward, at-grade loading.
For tenants and buyers, the six-door configuration supports flexible bay usage across multiple units, while the current month-to-month leases provide near-term continuity rather than a fully vacant tenancy. This is a value-add structure where operational oversight and leasing strategy can matter, particularly given the seller’s characterization of current rents as below market.
The building is located at 7331–7341 Deering Ave in Canoga Park, CA 91303. Because the property is free-standing and supported by multiple grade level doors, it is designed to accommodate practical warehouse access for tenants that require straightforward, at-grade loading.
For tenants and buyers, the six-door configuration supports flexible bay usage across multiple units, while the current month-to-month leases provide near-term continuity rather than a fully vacant tenancy. This is a value-add structure where operational oversight and leasing strategy can matter, particularly given the seller’s characterization of current rents as below market.
Key Highlights
- Free‑standing multi‑tenant warehouse building
- Includes 6 grade level doors
- Six small units currently leased on a month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,299
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,405,980
$2.4M
Cap Rate 7%
$1,718,557
$1.7M
Cap Rate 9%
$1,336,656
$1.3M
Market Conditions
NOI Build-Up for 7,975 SF
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.
Gross rent
$151.2K $18.96/SF
− Vacancy
−$9.7K −$1.21/SF
EGI
$141.5K $17.75/SF
− OpEx
−$21.2K −$2.66/SF
NOI
$120.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,405,980
Cap Rate 7%
$1,718,557
Cap Rate 9%
$1,336,656
Alternative Uses
Best Use
Warehouse
$1.72M
$1.50M – $2.00M
NOI $120,299 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$161.57M
$141.37M – $188.50M
NOI $11,309,810 @ 7.0% cap · market cap 807.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,509
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91303, CA
28,457
Population
11,073
Households
2.6
Avg Household Size
34
Median Age
25%
College-Educated
77%
High-School Grad
2.1 sq mi
ZIP Area
13,551
Density / Sq Mi
$76,051
Median Household Income
$35,649
Median Earnings
$1,983
Median Rent
$645,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant warehouse offering six grade level doors and month-to-month occupancy for a hands-on operator.
Where is this warehouse located?
The property is located at 7331-7341 Deering Ave Canoga Park, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Free‑standing multi‑tenant warehouse building; Includes 6 grade level doors; Six small units currently leased on a month‑to‑month basis
