Listing Agency: CBRE - Downtown Los Angeles Show Phone

Listed By: John Hillman · License #1223571 Show Phone

Source: Moodyscre

Added: Feb 4 Changed: Oct 25 Last Checked: Nov 1 at 9:31AM

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Investment Insights

Based on property information with market context.

This freestanding warehouse building contains 4,680 square feet with one grade-level loading door and 12-foot clear height. The property also includes three auto parking spaces.

Located at 947 N Vignes St in Los Angeles, California, the building offers a straightforward warehouse configuration with loading access, usable clear height, and on-site parking.

Key Highlights

• 4,680‑square‑foot freestanding warehouse building
• 1 grade‑level loading door
• 12' clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,596

Cap Rate

7.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,411,920 $1.4M

Cap Rate 7%

$1,008,514 $1.0M

Cap Rate 9%

$784,400 $784.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,680 SF

Gross rent

$88.7K $18.96/SF

− Vacancy

−$5.7K −$1.21/SF

EGI

$83.1K $17.75/SF

− OpEx

−$12.5K −$2.66/SF

NOI

$70.6K $15.08/SF

Area

Los Angeles, CA

Vacancy

6.40%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,411,920

Cap Rate 7%

$1,008,514

Cap Rate 9%

$784,400

Alternative Uses

Best Use

Warehouse

$1.01M

$882.5K – $1.18M (±1% cap)

NOI $70,596 @ 7.0% cap · market cap 7.10%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$94.81M

$82.96M – $110.62M (±1% cap)

NOI $6,636,979 @ 7.0% cap · market cap 667.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

GOTHAM BAIL BONDS Law Firm Gotham Immigration Bonds Immigration & Naturalization Service

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Carpet & Flooring Store Electrical Service Locksmith Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

3,477

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 90012, CA

33,851

Population

16,541

Households

2

Avg Household Size

37

Median Age

39%

College-Educated

77%

High-School Grad

3.6 sq mi

ZIP Area

9,403

Density / Sq Mi

$67,635

Median Household Income

$44,901

Median Earnings

$2,116

Median Rent

$686,400

Median Home Value

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Freestanding commercial space with grade-level loading and on-site auto parking.

Where is this warehouse located?

The property is located at 947 N Vignes St Los Angeles, CA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 4,680‑square‑foot freestanding warehouse building; 1 grade‑level loading door; 12' clear height