Industrial Property with Four
New
For Sale
$3,950,000
926 Clela Ave & 925 S Vancouver Ave, Los Angeles, CA 90022
The offering comprises four contiguous structures dating to 1963.
Property Size17,160 SF
Days on Market2
Property Features for 926 Clela Ave & 925 S Vancouver Ave
General Information
Standard status
Active
Size
17,160 SF
Property subtype
Industrial
Building Details
Building Size
17,160 SF
Year Built
1963
Buildings
4
Listing Agency:
Lee & Associates
Listed By:
Garrett Hill
(323) 767-2092
Source:
Lee-associates
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:21AM
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 Lee & Associates
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Investment Insights
Based on property information with market context.
This industrial property consists of four contiguous structures at 926 Clela Ave and 925 S Vancouver Ave. The buildings were constructed in 1963.
Key Highlights
- Four contiguous structures
- Year built: 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,172
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,263,440
$4.3M
Cap Rate 7%
$3,045,314
$3.0M
Cap Rate 9%
$2,368,578
$2.4M
Market Conditions
NOI Build-Up for 17,160 SF
Gross rent
$325.4K $18.96/SF
− Vacancy
−$20.8K −$1.21/SF
EGI
$304.5K $17.75/SF
− OpEx
−$91.4K −$5.32/SF
NOI
$213.2K $12.42/SF
Area
ZIP 90022
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%
$4,263,440
Cap Rate 7%
$3,045,314
Cap Rate 9%
$2,368,578
Alternative Uses
Best Use
Industrial
$3.05M
$2.66M – $3.55M
NOI $213,172 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,411 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
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?
Industrial property - The offering comprises four contiguous structures dating to 1963.
Where is this industrial property located?
The property is located at 926 Clela Ave & 925 S Vancouver Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Four contiguous structures; Year built: 1963
