Auto Palace Storage_Property for Sale
Auto Palace Storage_Property for Sale

Auto Palace Storage

460 W 5th St, Los Angeles, CA, 90731, US

Description

Jones Lang LaSalle (“JLL”), as an exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Auto Palace Storage (the “Property”), a best-in-class vehicle / self storage asset in San Pedro, California. The Property is currently 93.7% physically occupied at a gross achieved rental rate of $1.59 PSF across the entire unit mix. The interior self storage and vehicle parking is 99% occupied with an average length of stay of nearly five years. Occupancy consistently hovers around that mark given the lack of affordable boat / RV storage in the dense, high income, infill node of San Pedro. This opportunity allows an investor to acquire a truly unique asset. The three-floor facility has 60,125 square feet of rentable space (including rooftop parking) with a diverse unit mix to capture a variety of demand segments. This asset is nestled between San Pedro Bay Port Complex (the largest container port in the US) and Ranchos Palos Verdes (a high-income enclave with median home sales price of $1.9M) . There is minimal competition within the vehicle storage space, and self-storage is priced materially higher providing a substantial mark to market opportunity. This offering provides a potential investor with a compelling opportunity to purchase core Los Angeles real estate with from strong in-place cash flow and meaningful upside through capturing a very evident mark-to-market rental rate opportunity.

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Attributes

Building area net
60,125 sf
Year built
2005
Number of units
249
Occupancy
93.7%

Media

Investment Highlights

  1. BEST-IN-CLASS, UNIQUE STORAGE ASSET
  2. CASH-FLOWING PROPERTY WITH MARK-TO-MARKET OPPORTUNITY
  3. STICKY TENANT BASE
  4. CORE REAL ESTATE IN LOS ANGELES
  5. MINIMAL COMPETITION WITH HIGH BARRIERS TO ENTRY
Auto Palace Storage 4_Property for Sale
Auto Palace Storage 4_Property for Sale

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Last updated
1 Oct 2025