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Property profile & analytics
FOR SALE
Parking lots & garages

3030 Fletcher Dr Los Angeles, CA 90065

11,190 SF 0.26 ac lot Built 1999
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-9108249
3030 Fletcher Dr, Los Angeles, CA 90065 For Sale
$8,657,167 11,190 SF
3030 Fletcher Dr, Los Angeles, CA 90065
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Property summary
AI-generated overview

This exceptional industrial property, located at 3030 Fletcher Drive in Los Angeles, California, presents a compelling investment opportunity. Boasting 31,568 square feet of warehouse space, this distribution center is situated on a substantial 1.48-acre lot (64,560 square feet) and benefits from M1/MR1 zoning. The building, constructed in 1958, features impressive ceiling heights ranging from 14 to 18 feet, providing ample vertical storage capacity. The property includes 1,914 square feet of office space, divided into five rooms, ideal for administrative functions. Ample parking is available with 69 spaces provided for employees and visitors. The asking price is $1,195,690, translating to a price per square foot of $378.77. The property is further enhanced by a corporate guarantee on tenant credit, providing added security for the investment. This prime location in the East San Fernando Valley offers excellent access to major transportation arteries, making it an ideal distribution hub. The property's size, zoning, and features make it suitable for a variety of industrial and warehousing operations. The APN is 5458009001. This is a rare opportunity to acquire a well-located, functional industrial property in a thriving market.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1999
Total area 11,190 SF
Lot 0.26 ac (11,210 SF)
Zoning code LAM1
APN 5458-008-015
UPID US09-9108249
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michaels Auto Transport Trucking Company
  • APC Industries Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$805k
Owner & transaction history
Joseph Corella · 2 yrs held
Joseph Corella
since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2014
$1.7M
2014
Price N/A
1998
$225,000
1994
Price N/A
Zoning & alternative use
LAM1 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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