651 Arroyo Ave, San Fernando, CA 91340

Property Details for 651 Arroyo Ave

Year built

1947

Property type

Industrial properties

Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 651 Arroyo Street in San Fernando, California. The subject property consists of approximately 23,660 square feet of warehouse space and is situated on 0.79 acres of M2 land. The multi-tenant asset features a clear height of 22’, five grade-level doors, three-phase power with 1200 amps, and a fully concrete paved and gated yard. Both units are fully leased at competitive rates through 2028, making it an ideal fit for investors seeking stability and strong returns with immediate cash flow and minimal operational hassle. Located in the City of San Fernando, the property resides outside of the City of Los Angeles Municipality and zoning restrictions and this is exempt from Measure ULA (Los Angeles Mansion Tax). Positioned outside the City of Los Angeles, the property resides in the East San Fernando Valley submarket, one of the region’s largest industrial hubs, encompassing 55.1 million square feet of space. As of Q4 2024, the submarket boasts an impressively low vacancy rate of 3.6%, significantly outperforming the 6.1% vacancy rate in the Greater Los Angeles market. While annual rent growth has slowed to 1.3% over the trailing 12 months, rents in the area remain aligned with the long-term growth trends, supported by staggering double-digit growth over the past five years. Industrial rents in this submarket, particularly for smaller industrial spaces, can reach up to $30/SF, with older, larger spaces typically ranging from the high teens to $20/SF. The submarket has experienced modest industrial development, ensuring that vacancies and rents remain stable due to the limited new supply (CoStar).

Location Insight

City

San Fernando

County

State

California

Longitude

-118.426

Latitude

34.2844