Mixed-Use Auto Repair
For Sale
Contact for pricing
850 E JEFFERSON BLVD LOS ANGELES CA 90011-2549, Los Angeles, CA 90011
A signalized corner site with a leased auto repair facility and two vacant industrial/flex buildings for owner-users.
Property Size9,756 SF
Lot Size0.47 Acres
Price / SF$410
Days on Market53
Property Features for 850 E JEFFERSON BLVD LOS ANGELES CA 90011-2549
General Information
Standard status
Active
Size
9,756 SF
Total Parking Spaces
30
Lot size
0.47 Acres
Property subtype
Mixed Use
Zoning
LA CM1-CPIO
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Major Properties
(310) 999-9437
Listed By:
Daniel Moussazadeh · License #CA 02058572
Source:
Crexi
Added: Jun 15
Changed: Jul 6
Last Checked: Jul 6 at 2:32PM
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 Major Properties
Investment Insights
Based on property information with market context.
This mixed-use property includes 9,756± SF of buildings on 20,296± SF of land. The site features an auto repair facility that is currently leased, along with two separate industrial/flex buildings that are vacant and available. A gated parking area supports 30+ vehicles, providing controlled on-site parking for tenants and customers.
The property is located at the signalized southeast corner of Griffith Avenue, 36th Street, and Jefferson Boulevard, positioning it for high visibility along a major intersection. It is approximately one mile south of DTLA and the I-10 Freeway, and about one mile east of USC and the 110 Freeway, supporting convenient access to key regional employment and destination areas.
Designed for an owner-operator or investor seeking immediate occupancy options, the property offers two vacant industrial/flex buildings alongside existing rental income from the leased auto repair use. The combination of automotive-oriented improvements and ample gated parking can support a range of industrial and flex tenants, while the corner location helps maintain day-to-day customer and operational visibility.
The property is located at the signalized southeast corner of Griffith Avenue, 36th Street, and Jefferson Boulevard, positioning it for high visibility along a major intersection. It is approximately one mile south of DTLA and the I-10 Freeway, and about one mile east of USC and the 110 Freeway, supporting convenient access to key regional employment and destination areas.
Designed for an owner-operator or investor seeking immediate occupancy options, the property offers two vacant industrial/flex buildings alongside existing rental income from the leased auto repair use. The combination of automotive-oriented improvements and ample gated parking can support a range of industrial and flex tenants, while the corner location helps maintain day-to-day customer and operational visibility.
Key Highlights
- Signalized southeast corner at Griffith Ave, 36th St, and Jefferson Blvd
- Mixed‑use property with 9,756± SF buildings on 20,296± SF of land
- Auto repair facility is leased at $6,500/month
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
$246,602
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
6.17%
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%
$4,932,040
$4.9M
Cap Rate 7%
$3,522,886
$3.5M
Cap Rate 9%
$2,740,022
$2.7M
Market Conditions
NOI Build-Up for 9,756 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
$360.6K $36.96/SF
− Vacancy
−$8.3K −$0.85/SF
EGI
$352.3K $36.11/SF
− OpEx
−$105.7K −$10.83/SF
NOI
$246.6K $25.28/SF
Area
ZIP 90011
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$4,932,040
Cap Rate 7%
$3,522,886
Cap Rate 9%
$2,740,022
Alternative Uses
Best Use
Retail
$3.52M
$3.08M – $4.11M
NOI $246,602 @ 7.0% cap · market cap 6.17%
Second Best
Warehouse
$2.14M
$1.87M – $2.49M
NOI $149,681 @ 7.0% cap · market cap 3.74%
Theoretical Best
Multifamily LT 5
$197.65M
$172.94M – $230.59M
NOI $13,835,549 @ 7.0% cap · market cap 345.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,802
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Easty5 — 4276 Main St St, Los Angeles, CA 90037
- MARISCOS SAN VICENTE — 4064 Avalon Blvd, Los Angeles, CA 90011
- I Jones Catering Kitchen — 3670 Broadway Pl, Los Angeles, CA 90007
- L.A. Birria by Chef Anaya Caterings — 3330 S Central Ave, Los Angeles, CA 90011
- On & Crackin BBQ — 4023 S Central Ave, Los Angeles, CA 90011
Frequently Asked Questions
What type of property is this?
Flex space - A signalized corner site with a leased auto repair facility and two vacant industrial/flex buildings for owner-users.
Where is this flex space located?
The property is located at 850 E JEFFERSON BLVD LOS ANGELES CA 90011-2549 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: Signalized southeast corner at Griffith Ave, 36th St, and Jefferson Blvd; Mixed‑use property with 9,756± SF buildings on 20,296± SF of land; Auto repair facility is leased at $6,500/month
