This sale offers the opportunity to purchase an industrial warehouse in a well-traveled area of east Los Angeles. Featuring an open floor plan, a bow truss roof, and an 11’ clear height, the property has great character as well as attributes that provide for functionality. The property is to be delivered vacant at the close of escrow and is suitable for owner/users and investors.
The subject property, located at 5474 Alhambra Avenue, consists of a single parcel for a total of 5,081 square feet of land. The site has been improved with an industrial warehouse that has 5,412 square feet of rentable building area. Constructed in 1939, the building is of wood construction and features a beautiful bow truss roof. The roof has a clear height of 11’ to the underside of the beams and 16’ to the peak of the roof. The warehouse has an open floor plan providing clearspan space that is free of supporting posts in the middle of the work area. The building features approximately 1,400 square feet of 2-story office space which includes 3 offices, multiple restrooms, a shower and small built-in safe. A roll-up door has been installed on the front of the building that provides direct access to the warehouse from the street. Additionally, there is a ±24” dock-high roll-up door at the rear of the warehouse that can be accessed from the rear yard and alley. Floor drains have been installed in the warehouse in multiple locations. Utilities to the site include electricity, gas, water and sewer. Electrical service is by way of a single panel. Previously, a 200A, 240V, 1Ph panel was installed but is currently non-functional due to vandalism. Buyers should be aware that the building has deferred maintenance and will require a certain amount of investment to bring it back to its full potential.
Situated on Alhambra Avenue, east of Warwick Avenue, the subject property is in a well-traveled location in east Los Angeles with vehicles counts of approximately 17,000 per day. The site is in a central location and provides convenient access to downtown Los Angeles, Alhambra and the southern California freeway network. Zoning on the site is LAMR1 which is a flexible light industrial zoning designation that permits for numerous uses including industrial, commercial and live/work. Neighboring businesses along Alhambra Avenue include manufacturers, showrooms, offices, repair services, restaurants, retail and more.
5474 Alhambra Avenue offers the opportunity to purchase a character-rich warehouse with functional attributes. The building type, location and zoning make this property suitable for numerous businesses. For those who are willing to invest in bringing the building back to its full potential, the sale offers an attractive value-add deal with desirable underlying value. SBA financing is available to qualified buyers.