Nancy DuShane-Bank
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Two Joined Warehouses in Opportunity Zone! Premium Industrial Investment in Los Angeles' Dynamic 90021 Corridor. Previously used a cannabis facility. Exceptional opportunity to acquire two contiguous industrial properties - 1410 & 1412 Elwood Street - in the heart of Los Angeles' 90021 industrial district. Ideally positioned for owner-users or investors seeking an infill SoCal industrial asset with value-add potential. Currently vacant and ready for your business to move in! Property Highlights Two parcels: APNs 5167-016-031 & 5167-016-032 Combined building area: 9,516 SF Combined lot size: 9,685 SF (0.22 AC) Built circa 1955 - character industrial shell in revitalizing zone Zoning: X Industrial per assessor Prime location near Downtown LA, the Arts District & major transit arteries - ideal for manufacturing, distribution, logistics, or creative hybrid uses (potential cannabis use, buyer to verify) Opportunity Zone Advantage Located within a Qualified Opportunity Zone (OZ) offering significant tax benefits: Deferral of capital gains via Qualified Opportunity Fund (QOF) investment Step-up in basis with long-term hold, and potential exclusion of appreciation gains after 10 years This OZ designation enhances the property's appeal by combining strong fundamentals with tax-efficient investment potential. Buyer to verify eligibility. Strategic Location & Market Dynamics Within the 90021 ZIP - one of LA's most active industrial micro-markets Close to Ports of LA/Long Beach and major freeways (I-10, I-5, 101) Growing demand for small-lot industrial and hybrid creative uses amid tightening supply Value-Add & Upside Owner-users: control occupancy costs, build equity, and expand operations Investors: reposition for higher-use or creative-industrial conversion; leverage OZ tax benefits Hold long term or stabilize with tenant for durable cash flow and appreciation Ideal Buyer Profile Manufacturing or distribution users seeking a central LA address, or investors targeting Opportunity Zone tax advantages and future redevelopment upside. Possible cannabis use - verify with city.
Price reduction on this excellent Investment Opportunity in the Alameda Corridor! Don't miss this rare chance to own three adjoining parcels totaling 50,710 sq. ft. (over 1 acre) of land, zoned COML, in the highly desirable Alameda Corridor. The property is currently operating as a Thrift store on the ground floor and office space available on the 2nd floor. The thrift store business is also for sale - offering flexibility for investors or owner-users. Conveniently located just minutes from the 105, 710, and 405 freeways, and directly in front of the rail expressway, this prime location provides exceptional accessibility and visibility. the following Addresses are being sold together : 134 S Alameda, 142 S Alameda, and 200 S Alameda. All three parcels are being offered together for $5,499,000. Appraised in 2024 for $7,000,000 - this is a fantastic opportunity to build, expand, or invest. all 3 parcels together offer a street frontage of 460 feet the other MLS number are DW25216009 and DW25216077. This property would be great for a mixed use residential and commercial if allowed with the new state zoning changes check with the city to see if they would allow it.
Ideal for manufacturing, R&D, cannabis, studio production, creative, tech., and more. Seller has design plans for the high production level of distribution, manufacturing and cultivation of marijuana. Said design plans will be shared with Buyer upon an accepted offer. Request offering memorandum from Broker.
EXCELLENT MANUFACTURING & WAREHOUSING / CANNABIS PLANT SUPER DOWNTOWN LOCATION / ACROSS FROM PREVIOUS FOREVER 21 FACILITY CLEAR SPAN / VERY SECURE / FENCED PARKING / TRUCK HI LOADING / HEAVY POWER (1,200 AMP) / 16'-30' CEILING HEIGHT CLOSE TO THE WHOLESALE MARKET / GOOD TRANSPORTATION / EASY TO ACCESS TO THE FWY 5 & 10
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