- Just south of Downtown Los Angeles.
- Buildings currently leased short term while new owner obtains permits for new development by commercial real estate investor.
- Two parcels near each other with one being a corner location.
- Opportunity Zone tax benefits.
- TOC Transit Oriented Community Tier 3 bonus.
- For sale: only $235 per square foot of land area.
- This is not published as a listing in the MLS.
- Possible to build residential apartments, mixed-use, or develop as self-storage or other retail uses.
A former seafood facility is for sale in the heart of DTLA. 13,456 square feet of buildings on 24,740 square feet of M2 industrial land. Refrigerated rooms – coolers – along with floor drains. 400 amps of power three phase power. Fenced yard. Potential for food processing. Buyer can upgrade to USDA, FDA, SQF or convert into commercial kitchen for ghost virtual kitchen.
$5.3M asking price. Contact us for information. Photos below.
- Corner 2.23 Acre Parcel with Large, Fenced Yard
- 56,338 SF Dock High Buildings on 97,138 SF Land
- Concrete Bow-Truss & Brick Warehouses
- M2 Zone – MFG, Distribution, Creative Campus
- Between 110 Fwy & Alameda St, 10 Min to DTLA
- Opportunity Zone Tax Benefits for User or Investor
This is a great opportunity for an investor to purchase a multi-tenant industrial property, add some value by sprucing it up and leasing it out to multiple tenants. The asking price is very reasonable considering there are almost no properties that can compete with the many cool factors of these buildings and especially the large amount of parking estimated at 130 spaces.
An investor would be hard pressed to find a property with the large parking ratio offered here. This is very important if you intend to attract creative tenants from the DTLA Arts District.
The property suits a regular distribution warehouse use well given it has 9 truck high dock loading positions and that can be expanded by perhaps 5 more doors. The heavy power of 1,600 amps is attractive to a manufacturer or cannabis industry user.
Only 10 minutes south of Downtown Los Angeles Central Business District and 5 minutes east of the 110 Freeway. Easy access to the Ports of L.A. Near Alameda St. and the City of Vernon.
This new listing should prove interesting to all types of buyers including 1031 Tax Deferred Exchange buyers. Plus the Opportunity Zone location allows for Federal tax benefits by reducing or eliminating capital gains upon a sale in later years.
The L.A. County industrial neighborhood of City Terrace has seen increased buyer and investor activity in the past few years. Not only have several properties sold in this up and coming area, but a new 200,000 square foot industrial building is under construction by a well known developer.
The heightened interest in this once sleepy area may be due to it’s proximity to the Arts District, Boyle Heights, and Lincoln Heights, and also between Cal State University L.A. and the USC Keck School of Medicine. Nearby a Biotech/Bioscience campus is being built with heavy interest from prospective tenants. These are exciting developments for one of the oldest industrial tracks in L.A.
A new opportunity is a 106,141 square foot land parcel with 40,000 square feet of old manufacturing buildings on it. This site is being offered for sale at land value. Allowed uses in this M2 zone are manufacturing, distribution, trucking, cannabis, and a variety of other industrial and commercial uses. One advantage of operating a business in unincorporated county lands is that there is no gross receipts revenue tax as there exists in the City of Los Angeles.
Contact us regarding this property.
For Sale: Great industrial concrete warehouse and manufacturing building available for a buyer to purchase. 35,750 square feet of building including roll down security shutters on all windows and 600 amps of 480 volt power. The City of Commerce in recent months passed an ordinance legalizing several types of cannabis operations in the city including cultivation (growing), manufacturing, and distribution. Don’t miss this opportunity. Whether you have applied for a cannabis permit or are simply a real estate investor wishing to lease to the industry, get in before everybody finds out about the recent allowance of marijuana operations in this city. Contact us for a brochure on this property.