11019 Penrose StLos Angeles, CA 91352

This exceptional investment opportunity presents a 13,300-square-foot flex industrial property located at 11019 Penrose St, Los Angeles, CA 91352. The single-story, 1988-built building, renovated in 2024, sits on a 20,473-square-foot lot and is zoned M1. Currently 100% occupied since November 11, 2023, under a five-year lease with two five-year renewal options, this Core+ Class C property boasts a 7.50% cap rate. The tenant, a fully licensed cannabis cultivation and manufacturing operation (Type-6 and Type-11 licenses), is consistently meeting lease obligations, including rent bumps. Building features include two roll-up doors with 14' and 12' clearances, a large fenced parking lot (12 spaces per 1,000 sq ft), upgraded electrical power, and new HVAC units. The lease expires October 31, 2028, leaving approximately 3.7 years remaining. All information is based on the provided data; potential buyers are responsible for conducting their own due diligence. This property offers a strong, stable income stream with significant upside potential. The property's location in Sun Valley provides easy access to major transportation routes.