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    Los Los Angeles, CA 90007
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    Los, Los Angeles, CA 90007

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    • Warehouses
    • 58,245 SF
    • 0.54 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Los Angeles Flex/Industrial Space For Lease
    $2 SF/Yr
    86,633 SF

    Los Angeles Flex/Industrial Space

    Flex/industrial spaces with potential for e-commerce, creative design, showroom.

    2222 S Figueroa St, Los Angeles, CA 90007
    View Listing
    Property ID
    US09-7792764
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • StorQuest Self Storage / Storage Facility
    • Texere Plaza Lofts / Apartment Building / Business Center
    • Oneness, Spiritual Integration Work. New Paradigm MEDITATION - call for schedule / Alternative Medicine Practice
    • Solecita Gems: Tooth Gems and Teeth Whitening / (Bike/Boat/Book/etc) Store
    • William Ha / Dental Office

    Property Details for Los

    Year built
    1990
    Construction
    TILT-UP CONCRETE
    Lot size
    0.54 lot acres
    Zone code
    LAUC(CA)
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    5446-016-011
    APU
    5446016011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 5, 2026 — 2222 South Figueroa LLC — Deed · related $28.5M · Wafd Bank
    Dec 1, 2021 — 2222 South Figueroa LLC — Deed · related $28M · Vpd Lender 3 LLC
    Jun 5, 2020 — Rpc Fig Storage LLC — Deed · related $41.1M · Miscellaneous Ins Co
    Oct 27, 2016 $14,546,000 Rpc Fig Storage LLC 2222 N Figueroa Sp LLC Grant Deed $9M · Tcf National Bank
    Aug 2, 2016 — 2222 South Figueroa LLC — Deed · related $23.7M · Grandbridge R/e Cap
    Feb 28, 2007 — 2222 N Figueroa Sp LLC 2222 N Figueroa Member LLC Quit Claim Deed —
    Jan 5, 2007 — 2222 N Figueroa Member LLC 2222 N Figueroa Sp LLC Grant Deed $3.3M · Greenwich Capital Financial Product
    Aug 29, 2006 — 2222 N Figueroa Sp LLC Anthony W Esernia Grant Deed $11.5M · Greenwich Capital Financial Product
    Aug 24, 2006 — Anthony W Esernia Esernia,joyce S Quit Claim Deed —
    Oct 23, 2001 — Mariposa Inv Spe Awe-ocala Grant Deed · related —
    Jul 30, 1996 $224,000 Awe-ocala Ltd Figueroa Storage LP Grant Deed —
    Oct 21, 1994 — Storage L P Figueroa — Deed Of Trust · related —
    Dec 31, 1992 — Figueroa Assoc L P 2222 — Deed Of Trust · related —
    — — Rpc Fig Storage LLC — Deed Of Trust · related $41.1M · Miscellaneous Ins Co
    — — Marisops Investment Spe LLC — Deed Of Trust · related $6M · Merrill Lynch Mortgage Corp
    — — Awe-ocala Ltd — Deed Of Trust · related $3.8M · Mellon First Business Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,605,000
      Market price range: $497k - $3.62M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.223
    Latitude
    34.0827
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $203,925
    $4,625,275
    $11,925,588
    $16,550,863
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,810,000
      68,240 SF

      3017 San Fernando Rd

      MINI-WAREHOUSE, STORAGE
      3017 San Fernando Rd, Los Angeles, CA 90065-1410
      View Details
    • Value Estimation
      $695,000
      132,296 SF

      2840 San Fernando Rd

      MINI-WAREHOUSE, STORAGE
      2840 San Fernando Rd, Los Angeles, CA 90065-1321
      View Details
    • Value Estimation
      $12,960,000
      151,642 SF

      3810 Eagle Rock Blvd

      MINI-WAREHOUSE, STORAGE
      3810 Eagle Rock Blvd, Los Angeles, CA 90065-3638
      View Details
    • Value Estimation
      $13,425,000
      53,917 SF

      2701 Media Ctr Dr

      WAREHOUSE, STORAGE
      2701 Media Ctr Dr, Los Angeles, CA 90065-1700
      View Details
    • Value Estimation
      $1,160,000
      11,120 SF

      2025 San Fernando Rd

      WAREHOUSE, STORAGE
      2025 San Fernando Rd, Los Angeles, CA 90065-1235
      View Details
    • Value Estimation by Request
      0.13 Acres

      Los Angeles, CA 90065

      STORAGE YARD, OPEN STORAGE
      Los Angeles, CA 90065
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,856 SF

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      View Details
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      2,703 SF

      Freestanding Commercial Building in NELA

      Freestanding commercial building with flexible showroom, office, and storage space.
      3401 N Eagle Rock Blvd, Los Angeles, CA 90065
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    • $3,500,000

      Los Angeles Industrial Property For Sale

      Fee simple interest and operating business acquisition opportunity in Los Angeles.
      4000 N Figueroa St, Los Angeles, CA 90065
      View Details
    • Contact for pricing
      3,400 SF

      Mixed-Use Property in Los Angeles

      Triplex with two retail spaces in a desirable Los Angeles area.
      3333 Division St, Los Angeles, CA 90065
      View Details
    • Contact for pricing
      3,994 SF

      Freestanding Commercial Building on Eagle Rock

      Commercial building on large lot, ideal for various uses.
      4254 Eagle Rock Blvd, Los Angeles, CA 90065
      View Details
    • $95,000
      0.15 Acres

      Los Angeles Land with Panoramic Views

      Gently sloping lot with 270-degree panoramic views in Mt. Washington.
      1127 Oneonta Dr, Los Angeles, CA 90065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      58,328 SF

      Industrial Space Sublease Opportunity

      Sublease available in strategic location between SFV & LA.
      3550 Tyburn St, Los Angeles, CA 90065
      View Details
    • $2.00 SF/Yr

      Freestanding Flex Building with Loading

      Freestanding flex space with an open layout, rear roll-up door, and gated parking to support multiple light-use operations.
      3201 N Figueroa St, Los Angeles, CA 90065
      View Details
    • Contact for pricing
      2,920 SF

      Adaptable Flex Space Available

      Sublease available in Glendale Commerce Center through August 2029.
      3368-3370 San Fernando Rd, Los Angeles, CA 90065
      View Details
    • Contact for pricing
      4,350 SF

      Creative Space with High Ceilings

      Flex space with creative office and private parking lot.
      3232 N Figueroa St, Los Angeles, CA 90065
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Los Angeles, currently 100% leased.
      2801-2817 N San Fernando Rd, Los Angeles, CA 90065
      View Details
    • Contact for pricing
      12,800 SF

      Creative Space in Media Center

      Flex space available within secure LA Media Tech Center.
      2710 Media Center Dr, Los Angeles, CA 90065
      View Details
    View Listing
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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