Industrial Flex Building with
For Sale
Contact for pricing
777 E Washington Blvd, Los Angeles, CA 90021
Free-standing industrial flex building with a secure fenced yard, office buildout, dock and ground-level loading, and heavy power.
Property Size24,786 SF
Price / SF$262.24
Days on Market50
Property Features for 777 E Washington Blvd
General Information
Standard status
Active
Size
24,786 SF
Total Parking Spaces
19
Property subtype
INDUSTRIAL
Lease Type
Gross
Warehouse & Industrial
Clear Height
14 ft
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Properties For Sale
at 777 E Washington Blvd Contact us- Size
- 24,786 SF
- Type
- INDUSTRIAL
- Lease Type
- GROSS
- Availability
- AVAILABLE, 30 Days
- Sublease
- No
777 E Washington Blvd
Free Standing Building Close to DTLA Fashion District
Secure Fenced & Gated Lot for...
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Listing Agency:
Park Industrial Realty
Listed By:
Daniel Park
(213) 446-0396
Source:
Moodyscre
Added: Jul 16
Changed: Aug 8
Last Checked: Sep 1 at 11:09PM
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 Park Industrial Realty
Investment Insights
Based on property information with market context.
This free-standing industrial flex building features a ground-level and dock-high loading configuration, along with a large, upgraded office area. The property includes a secure, fenced, and gated lot designed to accommodate app. 19 cars. Construction supports heavy electrical capacity, with 1,200 amps noted in the offering.
Clear height is listed at a 14' minimum. The building is described as being close to DTLA Fashion District.
With a combination of loading options, substantial on-site office space, and dedicated yard parking, the property is positioned for occupancies that need both warehousing capabilities and functional office support within a secured site.
Clear height is listed at a 14' minimum. The building is described as being close to DTLA Fashion District.
With a combination of loading options, substantial on-site office space, and dedicated yard parking, the property is positioned for occupancies that need both warehousing capabilities and functional office support within a secured site.
Key Highlights
- Free‑standing industrial flex building near DTLA Fashion District
- Secure, fenced and gated lot with parking for up to 19 cars (App.)
- Ground‑level and dock high loading
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
$373,886
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
5.75%
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%
$7,477,720
$7.5M
Cap Rate 7%
$5,341,229
$5.3M
Cap Rate 9%
$4,154,289
$4.2M
Market Conditions
NOI Build-Up for 24,786 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
$469.9K $18.96/SF
− Vacancy
−$30.1K −$1.21/SF
EGI
$439.9K $17.75/SF
− OpEx
−$66.0K −$2.66/SF
NOI
$373.9K $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%
$7,477,720
Cap Rate 7%
$5,341,229
Cap Rate 9%
$4,154,289
Alternative Uses
Best Use
Warehouse
$5.34M
$4.67M – $6.23M
NOI $373,886 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$4.40M
$3.85M – $5.13M
NOI $307,906 @ 7.0% cap · market cap 4.74%
Theoretical Best
Multifamily LT 5
$502.15M
$439.38M – $585.84M
NOI $35,150,463 @ 7.0% cap · market cap 540.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,614
Businesses Nearby
Under-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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Free-standing industrial flex building with a secure fenced yard, office buildout, dock and ground-level loading, and heavy power.
Where is this flex space located?
The property is located at 777 E Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Free‑standing industrial flex building near DTLA Fashion District; Secure, fenced and gated lot with parking for up to 19 cars (App.); Ground‑level and dock high loading
