615 E 61st St - Light Manufacturing FOR SALE


Los Angeles, CA 90001
$10,250,000 USD
818-212-2776
615 E 61st St, Los Angeles, CA for Sale
$10,250,000 USD
Light Manufacturing - FOR SALE
1/26
null | 6.95% Cap Rate

615 E 61st St
Los Angeles, CA 90001


HIGHLIGHTS

  • Extensive Capital Improvements
  • 2019 Clean Phase 1
  • Heavy Power - 1,400a/240v 3p 3w | 4,000 Amp Upgrade Pending
  • Zoned M2 - Cannabis Eligible*
  • Ideal for Creative Office, Fashion, Entertainment, Technology, or Storage
  • Highly Improved On-Site Cannabis Dispensary

OVERVIEW

615-633 E 61st Street, is in the Goodyear Tract Neighborhood of South Downtown Los Angeles. This 59,689 square foot Mixed-Use Industrial property is located at the corner of Avalon and 61st Street and boasts a large, gated parking lot holding 81 spaces; including 3 handicap, 3 covered, and 13 tandem spaces, with additional parking available outside the fenced perimeter. Being located within State Enterprise and Federal Opportunity Zones, the property’s parking requirements are reduced to 2/1,000 square feet, therefore offering the opportunity to house a multitude of approved uses.

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Freestanding, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.36

LAND SF

59,242

ZONING

M2

APN/PARCEL ID

6007-006-024

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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