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Elite Real Estate Group
info@elitereg805.com$3,995,900
Est. payment /mo
0.55 Acres Lot
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26141616
HOA Y/N No
Year Built 1925
Annual Tax Amount $11,412
Tax Year 2025
Lot Size 0.554 Acres
Property Sub-Type Industrial
Property Description
Exceptional opportunity to acquire a highly versatile commercial property consisting of three parcels and four property addresses. See remarks for additional information. Strategically positioned along the highly traveled Washington Boulevard corridor between Downtown Los Angeles and the Westside, this multi-parcel asset offers outstanding visibility, accessibility, and long-term upside.
The property features approximately 16,000+ square feet of improvements situated on three contiguous parcels totaling close to 20,000 square feet (Buyer to independently verify). The site includes a combination of warehouse, industrial, and commercial improvements with generous ceiling heights, heavy power capacity, multiple access points, and flexible configurations suitable for a variety of owner-user, industrial, manufacturing, wholesale, distribution, retail, creative, or investment uses. Public records indicate portions of the improvements date back to the 1920s, with subsequent additions and alterations over the years, reflecting the property's long-standing commercial use. The second floor offers three office spaces, one conference room and one restroom.
One of the property's most compelling attributes is its location within a designated Opportunity Zone, presenting investors and developers with the potential for significant long-term tax advantages while capitalizing on the continued revitalization of the surrounding area (buyers should consult their tax and legal advisors regarding Opportunity Zone benefits). Additionally, the property is zoned for commercial/industrial use, providing flexibility for future redevelopment or repositioning, subject to city approval.
Located just minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, the Expo Line, and numerous new residential and mixed-use developments, this asset benefits from strong demographics, excellent transportation connectivity, and increasing demand for industrial and commercial space in Central Los Angeles.
Whether you're an owner-user seeking a strategic operating location, an investor looking for stable long-term value, or a developer pursuing a future redevelopment opportunity in one of Los Angeles' most active growth corridors, this is a rare offering with exceptional potential.
Buyer to independently verify all square footage, zoning, permitted uses, development potential, Opportunity Zone benefits, and all information through their own investigations.
The property features approximately 16,000+ square feet of improvements situated on three contiguous parcels totaling close to 20,000 square feet (Buyer to independently verify). The site includes a combination of warehouse, industrial, and commercial improvements with generous ceiling heights, heavy power capacity, multiple access points, and flexible configurations suitable for a variety of owner-user, industrial, manufacturing, wholesale, distribution, retail, creative, or investment uses. Public records indicate portions of the improvements date back to the 1920s, with subsequent additions and alterations over the years, reflecting the property's long-standing commercial use. The second floor offers three office spaces, one conference room and one restroom.
One of the property's most compelling attributes is its location within a designated Opportunity Zone, presenting investors and developers with the potential for significant long-term tax advantages while capitalizing on the continued revitalization of the surrounding area (buyers should consult their tax and legal advisors regarding Opportunity Zone benefits). Additionally, the property is zoned for commercial/industrial use, providing flexibility for future redevelopment or repositioning, subject to city approval.
Located just minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, the Expo Line, and numerous new residential and mixed-use developments, this asset benefits from strong demographics, excellent transportation connectivity, and increasing demand for industrial and commercial space in Central Los Angeles.
Whether you're an owner-user seeking a strategic operating location, an investor looking for stable long-term value, or a developer pursuing a future redevelopment opportunity in one of Los Angeles' most active growth corridors, this is a rare offering with exceptional potential.
Buyer to independently verify all square footage, zoning, permitted uses, development potential, Opportunity Zone benefits, and all information through their own investigations.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Fence Average Condition
Roof Type Asphalt,Flat
Present Use Parking Lot,Storage
Building
Lot Description Near Public Transit
Story 2
Water Public
Others
Tax ID 5073028008
Acceptable Financing Cash, Cash to New Loan, Conventional, USDA Loan
Listing Terms Cash, Cash to New Loan, Conventional, USDA Loan
Special Listing Condition Standard
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Listed by Manlio Ceja-Gomez KELLER WILLIAMS REALTY 562-305-7952, DRE #02023306
Nearby Schools & Businesses
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Elite Real Estate Group
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