119 36Th PlLos Angeles, CA 90007

This exceptional Los Angeles industrial property offers a compelling owner-user opportunity or value-add investment. Priced at $3,350,000 ($237/SF), this portfolio comprises two interconnected buildings totaling 14,134 net rentable square feet on a 12,458 square foot lot. Located at 119 W 36th Pl, Los Angeles, CA 90007, the property boasts 11 units, eight currently occupied (76% occupancy) by a diverse mix of workshops and production studios, each with private exterior access. The current annual gross rental income is approximately $202,000, with a pro-forma annual gross rental income of approximately $268,000 at full occupancy. Four thousand thirty-eight square feet are immediately available for owner occupancy, with all existing leases expiring by August 2026. The buildings, constructed in 1914 and renovated in 2015, feature 8-foot-6-inch ceilings and gated parking for six or more cars. Zoned MR1-2, the property allows for commercial manufacturing and related uses. Its prime location near South Park, USC, and major freeways provides excellent accessibility. The property's strong cash flow, combined with its location in an Opportunity Zone, presents significant tax advantages for long-term investors. The buildings' internal connection and individual unit access points offer flexibility and potential for future development. This is a rare opportunity to acquire a well-positioned industrial property with immediate owner-user potential and substantial upside.