150-154 E 58th St 19,080 SF 100% Leased Industrial Building Los Angeles, CA 90011 $3,793,364 CAD ($198.81 CAD/SF) 6.47% Cap Rate

Marcus & Millichap is pleased to present 150-154 E 58th Street, a rare opportunity to acquire a 19,080-square-foot industrial property situated on a 0.48-acre M1-2D-CPIO zoned parcel in the South Los Angeles industrial submarket. The offering combines stable in-place cash flow, owner/user flexibility, and long-term value creation potential, making it an attractive opportunity for investors, owner/users, and value-add buyers alike.
The property is offered at an attractive 6.47% in-place capitalization rate and just $143 per square foot, providing immediate cash flow with rental upside at a basis well below replacement cost. The existing month-to-month tenancy creates a unique opportunity for investors to capture leasing upside through repositioning and lease restructuring, while also allowing an owner/user to occupy all or a portion of the building and utilize rental income from the remaining space to offset occupancy costs.
The property is configured as a divisible three-unit industrial facility, offering multiple occupancy and investment strategies. Functional industrial features include four dock-high loading positions, 600-amp, 120/240-volt, 3-phase power, and a versatile warehouse layout capable of supporting a wide range of warehousing, manufacturing, fabrication, contractor, logistics, and distribution operations. The site’s M1-2D-CPIO zoning further enhances flexibility by permitting a broad range of industrial and related commercial uses.
Strategically located approximately 0.5 miles from the 110 Freeway at Slauson Avenue, the property provides convenient access to Downtown Los Angeles, Vernon, South Los Angeles, the greater Central Los Angeles industrial base, and regional transportation corridors, while maintaining efficient connectivity to the Ports of Los Angeles and Long Beach. The location also benefits from a surrounding population of nearly 1.2 million residents within a five-mile radius, providing industrial users access to a substantial labor pool.
Positioned within the South Los Angeles industrial submarket, the property benefits from strong market fundamentals, including 4.7% vacancy, no industrial product currently under construction, and average annual asking rents of approximately $16.56 per square foot. These characteristics, combined with the property’s below-market basis, flexible occupancy options, functional loading capabilities, and strategic location, create a compelling opportunity to acquire a well-located industrial asset in one of Los Angeles’ most established infill industrial markets.