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2430-2438 E 11th St

Los Angeles, CA 90021

$8,995,000

Warehouse For Sale  •  23,836 Sq Ft

Property Details

  • Property Type Warehouse
  • Total Building Size 23,836 Sq Ft
  • Lot Size 0.77 ac
  • Building Class A
  • Year Built 1988
  • Cap Rate 6.36 %
  • Tenancy Multiple
  • Zoning M3
58 Transit Score
50 Walk Score

Description

An amazing opportunity to acquire a one-of-a-kind 24-foot-ceiling CTU construction building with fenced parking on a cul-de-sac street in the Opportunity Zone, surrounded by alleys on 2 sides, serviced by 1,000 amps/ 480 volts/ 3 phase/ 4 wire of electricity through a dedicated power pole.   This amazing specimen of a property is located just blocks from the southern edge of the Arts District, less than 3/4 mile from the such landmark companies as Warner Brothers Music Headquarters, SoHo WareHouse, Hyperloop One, Bestia Restaurant, Stumptown Coffee, Bread Lounge, etc.  And in the immediate surroundings are the likes of The Berrics (http://www.theberrics.com/), Dailylook (http://www.dailylook.com) in the adjacent campus, The Box Yard, which is owned and operated by Atlas Capital Group - the visionary behind The Row DTLA (https://www.rowdtla.com/) that's transforming the downtown Los Angeles landscape, and immediately across the street on Santa Fe Avenue is PVH, the publicly traded (NYSE: PVH) fashion giant that holds such brands as Calvin Klein, Tommy Hilfiger, IZOD and many more.

The building size on title is 19,083 SF, however the +/- 4,753 mezzanine is permitted and filed with the City of Los Angeles.   Divisible into Two Mirror Image Units and zoned M3.

Highlights

Opportunity Zone. 1,000 Amps/ 480 Volts/ 3 Phase/ 4 Wire of electricity serviced by a dedicated power pole.
Less than 3/4 mile from Warner Brothers Music HQ, SoHo Warehouse, Hyperloop One, Bestia, Bread Lounge, Stumptown, American Tea, etc.
Fenced Parking - 30 on site, 5 off site. Cul-de-sac location with alley on 2 sides.
Divisible into 2 mirror-image units. Well Distributed power lines. M3 Zoning.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $572,064 (2018)
Cap Rate: 6.36 %
Total Expenses: $0

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Fenced Lot
  • Front Loading
  • Raised Floor
  • Signage
  • Skylights
  • Yard

Public Transportation

Commuter RailDriveWalkDistance
Union Station Commuter Rail (Ventura County, Antelope Valley, San Bernardino, Riverside, Orange County, 91 Lines) 11 min - 4.0 mi
Cal State LA Commuter Rail (San Bernardino Line) 9 min - 5.6 mi
AirportDriveWalkDistance
Bob Hope Airport 25 min - 18.6 mi
Los Angeles International Airport 26 min - 20.0 mi
Long Beach-Daugherty Field Airport 26 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Sehyung Kim 213-270-2270 DAUM Commercial Real Estate Services
Sehyung Kim 213-270-2270 DAUM Commercial Real Estate Services