Manufacturing Facility with Heavy
New
For Sale
$3,650,000
802 E Gage Avenue, Los Angeles, CA 90001
Interconnected single-story buildings offer a secured yard, three-phase service and ground-level loading.
Property Size20,640 SF
Lot Size0.93 Acres
Price / SF$176.84
Days on Market3
Property Features for 802 E Gage Avenue
General Information
Standard status
Active
Size
20,640 SF
Lot size
0.93 Acres
Property subtype
COMMERCIAL
Zoning
M3-2D-CPIO
Financials
Asking Price
$3,650,000
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
3
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Building Size
20,640 SF
Year Built
1924
Buildings
6
Stories
1
Construction
brick
Listing Agency:
Saxum West
Listed By:
Joseph Bolognese · License #01966025
(310) 422-3891
Source:
Truthrealty
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:17PM
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 Saxum West
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Investment Insights
Based on property information with market context.
This 20,640-square-foot manufacturing property occupies a fenced 40,254-square-foot corner parcel, or 0.93 acre. Five to six connected, single-story buildings date to 1924. Infrastructure includes 800-amp, 480-volt three-phase power and three ground-level loading doors. A 7,200-square-foot suite has sprinklers, air conditioning and a 19-foot high-bay room. The site carries M3-2D-CPIO zoning and lies within a federal Opportunity Zone.
At the buyer’s election, the property can be delivered vacant within 60 days of closing or acquired with month-to-month income in place. The lender-owned asset is offered as-is. Its corner location is at Gage Avenue and McKinley Avenue in the Florence-Firestone industrial area of South Los Angeles, with access to the Alameda Corridor and Harbor Freeway. Downtown Los Angeles is five miles south.
At the buyer’s election, the property can be delivered vacant within 60 days of closing or acquired with month-to-month income in place. The lender-owned asset is offered as-is. Its corner location is at Gage Avenue and McKinley Avenue in the Florence-Firestone industrial area of South Los Angeles, with access to the Alameda Corridor and Harbor Freeway. Downtown Los Angeles is five miles south.
Key Highlights
- 20,640 SF of manufacturing space on a 40,254 SF (0.93‑acre) fenced corner lot
- M3‑2D‑CPIO zoning and location within a federal Opportunity Zone
- 800‑amp, 480‑volt three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,402
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,128,040
$5.1M
Cap Rate 7%
$3,662,886
$3.7M
Cap Rate 9%
$2,848,911
$2.8M
Market Conditions
NOI Build-Up for 20,640 SF
Gross rent
$391.3K $18.96/SF
− Vacancy
−$25.0K −$1.21/SF
EGI
$366.3K $17.75/SF
− OpEx
−$109.9K −$5.32/SF
NOI
$256.4K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,128,040
Cap Rate 7%
$3,662,886
Cap Rate 9%
$2,848,911
Alternative Uses
Best Use
Industrial
$3.66M
$3.21M – $4.27M
NOI $256,402 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$418.15M
$365.88M – $487.85M
NOI $29,270,781 @ 7.0% cap · market cap 801.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Manufacturing property - Interconnected single-story buildings offer a secured yard, three-phase service and ground-level loading.
Where is this manufacturing property located?
The property is located at 802 E Gage Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 20,640 SF of manufacturing space on a 40,254 SF (0.93‑acre) fenced corner lot; M3‑2D‑CPIO zoning and location within a federal Opportunity Zone; 800‑amp, 480‑volt three‑phase power
