For Sale
$2,600,000

1443 Lorena StLos Angeles, CA 90023

11,200 SF Warehouse, 4% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This 11,200 square foot industrial property, located at 1443 S Lorena St, Los Angeles, CA 90023, presents a compelling investment opportunity. The property, zoned M3, boasts a 4.20% cap rate with a current NOI of $132,000. Built in 1945 and renovated in 1955, the warehouse features a 20-foot high bow-truss roof, a mezzanine with ample natural light, and three dock-high doors, along with three loading docks. The property includes 4 parking spaces and benefits from 400 amps of 3-phase power. Currently 100% occupied by a single tenant in the apparel industry under a gross lease, this property offers a stable income stream. Its convenient location near the DTLA Arts District, Vernon, Commerce, and the 5 Freeway, with art galleries across the street, adds to its appeal. The lot size is 8,901 square feet. Ceiling heights range from 13 to 20 feet. This is a rare opportunity to acquire a well-located, income-producing industrial asset in a thriving area.

Highlights

  • $2,600,000 asking price for this 11,200 square foot industrial property.
  • Located in Los Angeles, CA, at 1443 S Lorena St, 90023, near the Arts District, Vernon, and Commerce.
  • Gross lease, single tenant occupancy (100%), with a 4.20% cap rate and $132,000 NOI.
  • Features include 3 loading docks, 3 dock-high doors, 13-20 foot ceiling heights, and 4 parking spaces.
  • The 8,901 square foot lot is zoned M3; building was constructed in 1945 and renovated in 1955.

Property Details for 1443 Lorena St

Property type
Warehouses, Industrial properties
Square Feet
11,200 SF
Year Built/Renovated
1945/1955

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.017799998853
Longitude
-118.20787262883
1443 Lorena St, Los Angeles, California

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1443 Lorena St
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