Stand Alone Brick
939 E 31st St Los Angeles, CA
For Sale
Contact for pricing
Stand-alone brick building with gated parking, ideal for warehouse storage.
Property Size8,000 SF
Lot Size0.26 Acres
Price / SF$275
Days on Market313
Property Features for 939 E 31st St
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.26 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Lee & Associates
(323) 767-2041
Listed By:
Armen Kazaryan · License #01291719
(323) 767-2041
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:08AM
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
Investment Insights
Based on property information with market context.
This stand-alone brick building features gated parking and clear heights of 16 to 18 feet. The property includes polished floors and two large grade-level doors. It is suitable for warehouse storage, production, and studio uses. The building is located minutes from the Fashion Mart and Arts District, situated between Central Avenue and San Pedro Street. The property is currently leased until February 14, 2026 and has a size of 8,000 square feet.
Key Highlights
- Stand Alone Brick Building with Gated Parking
- Leased Until February 14, 2026
- 16'-18' Clear Height
Financial Insights For Warehouse
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 | $151.7k | $18.96 |
| − Vacancy | −$9.7k | −$1.21 |
| EGI | $142.0k | $17.75 |
| − OpEx | −$21.3k | −$2.66 |
| NOI | $120.7k | $15.08 |
8,000 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.72M
$1.51M – $2.01M
NOI $120,677 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$1.42M
$1.24M – $1.66M
NOI $99,381 @ 7.0% cap · market cap 4.52%
Theoretical Best
Multifamily LT 5
$162.08M
$141.82M – $189.09M
NOI $11,345,264 @ 7.0% cap · market cap 515.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JSP
Dental Office
Similar Off Market Nearby
- Turner Storage Facility — 1680 E 40th Pl, Los Angeles, CA 90011
- Rancho Self Storage Units — 4225 S Central Ave, Los Angeles, CA 90011
- Nearby Storage Units - Los Angeles, CA — 505 e vernon ave, los angeles, ca 90011
- Loretto Self Storage Unit — 899 E 42nd Pl., Los Angeles, CA 90011
- Dewis Storage Units - Cheap Self Storage Near You — 4165 S Central Ave, Los Angeles, CA 90011
FAQs
What type of property is this?
Warehouse - Stand-alone brick building with gated parking, ideal for warehouse storage.
Where is this warehouse located?
The property is located at 939 E 31st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Stand Alone Brick Building with Gated Parking; Leased Until February 14, 2026; 16'-18' Clear Height
