119 W 36th Pl - Manufacturing FOR SALE


Los Angeles, CA 90007
$3,350,000 USD
310-422-3891
119 W 36th Pl, Los Angeles, CA for Sale
$3,350,000 USD
Manufacturing - FOR SALE
1/13
null | Request Cap Rate

119 W 36th Pl
Los Angeles, CA 90007


HIGHLIGHTS

  • $237 per SF - Priced reduced! Motivated seller
  • Owner/user play - all short-term leases in place
  • Located in an Opportunity Zone - provides significant tax incentives for a long-term hold period
  • Features 11 units (8 of which are occupied) mostly used as workshops and production studios, and each with their own exterior access point
  • 9 ground level loading doors! Plus private interior parking for 6+ cars
  • Consists of 92% ground floor space, and only 1,150 SF (8%) of 2nd floor space

OVERVIEW

Excellent partial owner/user play, or value-add Opportunity Zone investment! Priced to sell at $237 per SF, this sale includes two back-to-back buildings which are connected internally: 119 W 36th Pl, and 118 W 36th St. The buildings are zoned MR1-2 and are currently divided into 11 commercial/industrial units (each with their own private exterior access), 8 of which are occupied by short-term tenants (the longest lease expires in August of 2026) and 3 of which are vacant. The diverse tenant mix includes workshop-related uses and production studios. The current annual gross rental income is approx. $202,000. This provides a great opportunity for an owner to move into a portion of the building at closing (5,900 SF is immediately available to occupy) and to subsidize their facility costs (and debt service) from the existing income the buildings are generating. The buildings are both zoned MR1-2, which allows for CM (commercial manufacturing) uses, and limited commercial and manufacturing-related uses. Interior gated parking is available for 6 or more cars, accessible via a GL loading door on W 36th St. Conveniently located near South Park Downtown Los Angeles just east of USC's campus, with easy access to the 110, 10, and 5 Freeways, and only ½ mile from Exposition Park and the Coliseum. Call broker for more information or to schedule a tour.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

8.5 Ft

DOCKS

-

DRIVE INS

9

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,632

ZONING

MR1

APN/PARCEL ID

5122-034-006,5122-034-007

ASK ABOUT THIS PROPERTY

Joe BologneseSaxum WestMore Info
310-422-3891

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Joe BologneseSaxum WestMore Info
310-422-3891

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