150-154 E 58th Street — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Los Angeles, CA 90011
  • Year built: 1945

Photos

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Investment Figures

Cap rate
6.47%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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.

Market Context

This office in Los Angeles, CA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1945. Compare it against other office listings for sale in Los Angeles, CA — view the full market.

As of Q2 2026, the Greater Los Angeles office market showed average asking rents near $43.08/SF/yr. Source: multiple brokerage reports, Q2 2026.

Estimated Price per SF

$120.58/SF – $876.96/SF

Mid: $365.40/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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