Two Buildings in DTLA
774-778 Merchant St Los Angeles, CA
774-778 Merchant St, Los Angeles, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Two buildings totaling 13,230 SF in DTLA core.
Property Size13,230 SF
Lot Size0.31 Acres
Price / SF$302.34
Days on Market526
Property Features for 774-778 Merchant St
General Information
- Standard status
- Active
- Size
- 13,230 SF
- Lot size
- 0.31 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Kidder Mathews
(323) 270-8456
Listed by
Tom Holland, SIOR, CCIM
(323) 270-8456
Source
Moodyscre
Added: Feb 6, 2025 Checked: Jul 17 at 6:07 am
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This property features two buildings totaling 13,230 square feet. The building at 774 Merchant St provides 8,470 square feet, while the building at 778 Merchant St offers 4,760 square feet. The property is located in close proximity to the LA Wholesale Produce Markets and the Fashion District. This presents a user investment opportunity in the DTLA core with secured parking.
Key Highlights
- User Investment Opportunity in the DTLA Core
- Two Buildings Totaling 13,230 SF
- 774 Merchant St: 8,470 SF
Local Financial Insights For Warehouse
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 | $250.8k | $18.96 |
| − Vacancy | −$16.1k | −$1.21 |
| EGI | $234.8k | $17.75 |
| − OpEx | −$35.2k | −$2.66 |
| NOI | $199.6k | $15.08 |
13,230 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.85M
$2.49M – $3.33M
NOI $199,569 @ 7.0% cap · market cap 4.99%
Second Best
Industrial
$2.35M
$2.05M – $2.74M
NOI $164,351 @ 7.0% cap · market cap 4.11%
Theoretical Best
Multifamily LT 5
$268.03M
$234.53M – $312.70M
NOI $18,762,230 @ 7.0% cap · market cap 469.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
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- Allure Trading Solutions Inc. — 2155 E 14th St, Los Angeles, CA 90021
- Easy Packing — 1100 E 16th St unit c, Los Angeles, CA 90021
- Universal Shipping & Receiving — 2310 E 11th St, Los Angeles, CA 90021
FAQs
What type of property is this?
Warehouse - Two buildings totaling 13,230 SF in DTLA core.
Where is this warehouse located?
The property is located at 774-778 Merchant St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: User Investment Opportunity in the DTLA Core; Two Buildings Totaling 13,230 SF; 774 Merchant St: 8,470 SF
