15828-15838 Arminta St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Los Angeles, CA 91406
  • Year built: 1965

Photos

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Investment Figures

Cap rate
6.09%

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 exclusively offer for sale 15828–15838 Arminta Street, Van Nuys, CA, a 100% occupied, two-building multi-tenant industrial asset strategically located near Van Nuys Airport in the heart of the Van Nuys industrial district. Offered at $7,300,000, the property represents a stabilized small-bay industrial investment with immediate flexibility and mark-to-market potential provided by its entirely month-to-month tenant base. The property contains approximately 23,535 square feet, per assessor records, on an approximately 1.16-acre lot, equating to an asking price of approximately $310.18 per square foot. The asset consists of 43 individual industrial units occupied by 42 tenants, with physical bay sizes generally ranging from approximately 400 to 576 square feet. The property is currently 100% occupied, providing an incoming investor with durable in-place cash flow while preserving the ability to adjust rents and lease terms over time. Current ownership does not recover CAM expenses from any tenants, creating an additional value-add opportunity for future ownership. As tenants renew or transition to new lease agreements, CAM recoveries may provide incremental NOI growth that is not reflected in the current underwriting. The current underwriting reflects annual base rental income of $640,920 and net operating income of approximately $444,646, corresponding to a 6.09% in-place capitalization rate. Pro forma underwriting reflects annual base rental income of approximately $650,448 and net operating income of approximately $453,473, corresponding to a 6.21% capitalization rate. The property offers highly functional small-bay industrial space with approximately 14-foot ceiling heights, grade level loading doors, individual restrooms, separately metered electricity & gas, and approximately 100 amps of single- and three-phase power per unit. The combination of small unit sizes, M2-1 underlying zoning, functional loading, power, and on-site parki

Market Context

This industrial in Los Angeles, CA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1965. Compare it against other industrial listings for sale in Los Angeles, CA — view the full market.

As of Q2 2026, the Greater Los Angeles industrial market showed a 4.0% vacancy rate, and average asking rents near $14.52/SF/yr. Source: multiple brokerage reports, Q2 2026.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

Is the Greater Los Angeles industrial market tightening or softening?
Vacancy is around 4.0% (Q2 2026).

Estimated Price per SF

$144.49/SF – $1,051/SF

Mid: $437.85/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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