SAN FERNANDO, CA
651 ARROYO STREET
SAN FERNANDO, CA 91340
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CHRISTIAN DESNOES
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DANNY MURRAY
651 Arroyo Street, San Fernando, CA 91340
Address:
Property Type:
Multi-Tenant
Price:
$5,600,000
Building Square Feet:
23,660 SF
Pro-Forma Cap Rate:
7.23%
Lot Size:
0.79 Acres
Price Per Square Foot:
$236.69
Year Built/Renovated:
1947/2022
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About the Property
23,660-Square-Foot Fully Occupied Two-Tenant Warehouse Situated on 0.79 Acres
Metal and Stucco Construction Featuring 22’ Clear Height, Five (5) Ground-Level Doors, and 1,200 Amps
Fully Concrete Paved and Gated Yard
One Unit Recently Leased on a New Three-Year Term; the Other Delivered Vacant for an Owner-User or Investor Opportunity
About the Location
Located in the City of San Fernando, Exempt from Measure ULA (Outside the City of LA & Free from the Mansion Tax)
Great Industrial Pocket of Los Angeles within the East San Fernando Valley Submarket that Features Over 55.1 Million Square Feet of Industrial Product
Strategically Situated Within 50 Miles of Long Beach and Los Angeles Port, Burbank and Los Angeles Airports, and Downtown Los Angeles
Immediate Access to State Route 118 and Interstate 210
Tight Barrier-to-Entry Submarket with 3.6% Vacancy Rate (CoStar)
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 651 Arroyo Street in San Fernando, California. The subject property consists of approximately 23,660 square feet of warehouse space and is situated on 0.79 acres of M2 land. The multi-tenant asset features a clear height of 22’, five grade-level doors, three-phase power with 1200 amps, and a fully concrete paved and gated yard. The front unit (14,540 SF) will be delivered vacant and the back unit (9,120 SF) is fully leased at competitive rates through 2027, offering an excellent opportunity for owner-users in need of expansion space or investors seeking immediate income with limited management responsibilities.
The property is located in the North Valley region of the East San Fernando Valley, a tightly held submarket with over 55 million square feet of industrial space. Due to limited land availability and modest development activity, the submarket’s inventory has remained relatively unchanged, with just 265,000 square feet delivered in the past 12 months and only 440,000 square feet under construction as of Q2 2025. As a result, leasing activity is competitive, particularly among smaller occupiers seeking sub-25,000 square foot spaces. Although vacancy has risen from sub-1% levels in 2021 to 4.7% in Q2 2025—largely due to a handful of large move-outs and demolitions—rents remain elevated. Asking rents average approximately $19.60/SF, nearly 10% higher than the broader Los Angeles market, with smaller suites commanding as much as $30/SF. With median lease-up times below three months and development constrained by zoning and infill barriers, demand is expected to continue driving rental growth and maintaining low availability for the foreseeable future (CoStar).
Investment Overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2024 Marcus & Millichap. All rights reserved.