10321 National Boulevard, Los Angeles, CA 90034

StorQuest (3PM) is a core self-storage investment opportunity located in the highly infill Palms neighborhood of Los Angeles, California. Situated on a 0.56-acre parcel, the property comprises 26,173 rentable square feet across 411 units and benefits from strong in-place operations, achieving 82.87% physical occupancy and generating a trailing 12-month net operating income of $733,453. The asset offers investors durable cash flow within one of the most supply-constrained self-storage submarkets in Southern California.

The facility is positioned within a dense, affluent trade area that supports consistent storage demand, with more than 305,000 residents and average household incomes exceeding $110,000 within a three-mile radius. The market remains significantly undersupplied, providing just 2.1 square feet of self-storage per capita compared to the national average of 7.0 square feet, while restrictive zoning has limited new development and resulted in no ground-up projects currently in the pipeline. Current occupancy and rental rates provide a clear path for operational upside, with projections indicating physical occupancy growth to 92% and rental rates increasing to $4.74 per occupied square foot by Year 5. These improvements are expected to drive net operating income growth to approximately $829,391, positioning the property for continued value creation. The combination of stable in-place performance, institutional-quality operations, and a high-barrier-to-entry Los Angeles location makes StorQuest (3PM) a compelling long-term investment opportunity.