Corner M-3 Zoned Industrial
802 E Gage Ave Los Angeles, CA
802 E Gage Ave, Los Angeles, CA, 00000
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For Sale
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Industrial property with large, secured yard and multiple ground doors.
Property Size20,640 SF
Lot Size0.93 Acres
Price / SF$218.02
Days on Market1107
Property Features for 802 E Gage Ave
General Information
- Standard status
- Active
- Size
- 20,640 SF
- Lot size
- 0.93 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 802 E Gage Ave Contact us
Listing agency
Newmark
(213) 596-2225
Listed by
Christopher Beck
(213) 596-2225
Source
Moodyscre
Added: Jul 13, 2023 Updated: Jul 6 at 9:46AM Checked: Jul 21 at 6:31AM
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 Newmark
Investment Insights
Based on property information with market context.
This industrial property features M-3 zoning and a large, fenced, secured yard area. The property includes multiple ground-level doors and a significant amount of excess land. Its location provides convenient access to Downtown Los Angeles and the 110, 10, 60, 5, 101, and 105 Freeways. The property is located within a Business Improvement District. The property size is 20640 square feet.
Key Highlights
- Rare corner M‑3 zoned property
- Large fenced secured yard area
- Significant amount of excess land
Local Financial Insights For Industrial
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 | $391.3k | $18.96 |
| − Vacancy | −$25.0k | −$1.21 |
| EGI | $366.3k | $17.75 |
| − OpEx | −$109.9k | −$5.32 |
| NOI | $256.4k | $12.42 |
20,640 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.66M
$3.21M – $4.27M
NOI $256,402 @ 7.0% cap · market cap 5.70%
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 650.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alpha Centurion
Chemical Plant
Fresh Connect Inc
Freight Service
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Industrial property with large, secured yard and multiple ground doors.
Where is this industrial property located?
The property is located at 802 E Gage Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Rare corner M‑3 zoned property; Large fenced secured yard area; Significant amount of excess land
