3475 Union Pacific Ave - Manufacturing FOR SALE


Los Angeles, CA 90023
$2,100,000 USD
323-304-2485
3475 Union Pacific Ave, Los Angeles, CA for Sale
$2,100,000 USD
Manufacturing - FOR SALE
1/29
null | 5.63% Cap Rate

3475 Union Pacific Ave
Los Angeles, CA 90023


HIGHLIGHTS

  • Major Remodel completed in 2023
  • Two Stand Alone Buildings
  • Within a qualified Opportunity Zone; East Los Angeles State Enterprise Zone
  • Power Capacity Range 120V to 480V 3W ( 2 Meters)
  • Perfect opportunity for Owner /User or Investor
  • Delivered Vacant At Close Of Escrow pro forma 5.63 CAP Gross 7.03 CAP Net

OVERVIEW

Welcome to 3475 Union Pacific, an artist compound featuring two separate studio spaces totaling 4,476 sq ft and gated parking for five. This private compound is situated on an 8,380 sq ft lot in the vibrant, creative community of Boyle Heights. The property offers a generous building-to-land ratio for the area's standards, with 4,476 square feet across two standalone buildings on 8,276 square feet of land. The main building is a reimagined artist loft with 20-foot ceilings, gorgeous natural lighting, polished concrete floors, a 12-foot roll-up gate, and a custom gourmet kitchen. It also boasts a beautiful bathroom with a shower and a versatile second-story loft currently used as a sleeping space. This building has been meticulously updated with new drywall, industrial heating, and air conditioning, upgraded electrical and plumbing, skylights, and separate storage and laundry rooms. The high-end renovations included new plumbing, HVAC, an alarm system, windows and doors, bathroom and light fixtures, exterior lighting, and a custom kitchen installation. The second building has also been thoroughly renovated and is currently used as a wood shop with a separate office and full bathroom. It features a new roof, upgraded electrical, concrete floors, wall-mounted mini splits, a separate office space, and a motorized roll-up door. Gated and private, this property offers immense potential for a music studio, gallery space, art studio, creative office space, woodworking studio, and much more. With its versatile layout, it is ideal for a wide range of artistic owner-users seeking an adaptable workspace. The property features two separate structures, making it a great opportunity for an owner-user to lease out one building and occupy the other. The property’s power capacity ranges from 120V to 480V (2 meters), and it is located within a qualified Opportunity Zone in the East Los Angeles State Enterprise Zone. Fixed financing with 10% on SBA loans and 15% down payments is available, with rates starting in the high 5% range with most conventional lenders (for properties with 51% or more SF occupied). Additional features include a custom automatic gate, solar outdoor lights, and an electric vehicle charger. This property is designed to inspire and support your artistic endeavors with its incredible flow and dynamic energy. Don’t miss this unique opportunity to own a fully renovated turnkey creative office/art studio/manufacturing space in LA, zoned M2, with a projected rent for a highly improved building like this at $2.80 PSF and a 5.8 CAP Gross 7.03 CAP NET return for investors.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19

LAND SF

8,276

ZONING

LAM2

APN/PARCEL ID

5190-037-017

ASK ABOUT THIS PROPERTY

Vadim BaumKeller Williams RealtyMore Info
323-304-2485

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Vadim BaumKeller Williams RealtyMore Info
323-304-2485

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