1180 E 58th St - Manufacturing FOR SALE


Los Angeles, CA 90011- Central Alameda
$1,990,000 USD
818-519-1429
1180 E 58th St, Los Angeles, CA for Sale
$1,990,000 USD
Manufacturing - FOR SALE
1/15
null | 6.1% Cap Rate

1180 E 58th St
Los Angeles, CA 90011
Central Alameda


HIGHLIGHTS

  • VERSATILE INDUSTRIAL USE - Zoned MR1 Limited Manufacturing, allowing for various industrial applications, ie manufacturing, storage, and distribution.
  • OWNER-USER OPPORTUNITY - Ideal for businesses seeking to establish operations while benefiting from rental income during the permitting process.
  • SHORT-TERM LEASES - 4 tenants occupy the property with all leases on a MTM basis, providing flexibility for an owner-user or repositioning strategy.
  • STRONG INCOME POTENTIAL - Generates $13,400/mo. in rental income, with 1 of the units vacant, offering immediate cash flow + value-add opportunities.
  • LARGE SECURED YARD - The fenced yard at the rear enhances functionality for industrial and manufacturing uses.
  • STATE ENTERPRISE ZONE LOCATION - Potential tax incentives and benefits for qualifying businesses.

OVERVIEW

Matthew Luchs with Zacuto Group is pleased to present 1180 East 58th St, Los Angeles, California, an industrial/manufacturing property offering a prime opportunity for both owner-users and investors. This approximately 7,800 SF (9,000 SF actual), single-story structure is built with steel frame construction and features a large, fenced yard at the rear. The property sits on an 11,671 SF lot (0.27 acres) and is zoned MR1 Limited Manufacturing, allowing for a variety of industrial uses. Currently, four tenants occupy the building on short-term leases, with one suite currently vacant, all on Month-to-Month leases. The property generates approximately $13,400 in monthly rental income, providing immediate cash flow for investors. For an owner-user, this presents the opportunity to continue leasing while pursuing permits for alternative uses, including cannabis manufacturing, automotive-related businesses, or other industrial applications. Strategically located within a State Enterprise Zone, the property may qualify for various business incentives, further enhancing its investment appeal. Its flexible zoning, short- term leases, and strong income potential make this a compelling opportunity for investors and businesses looking to establish or expand their footprint in an industrial sector of Los Angeles. With a growing demand for industrial space in Los Angeles, this property presents an excellent opportunity for buyers looking to capitalize on strong market fundamentals while benefiting from immediate rental income and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value-Add or Owner-User M1 Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26

LAND SF

11,326

ZONING

M2-1, Los Angeles

APN/PARCEL ID

5104-031-013

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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Matthew LuchsZacuto GroupMore Info
818-519-1429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.