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1785 Vernon AveLos Angeles, CA 90058

Shovel-ready self-storage land, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 0.6-acre industrial development site in Vernon, CA (zip code 90058, 1785 E Vernon Ave), presents a fully entitled, shovel-ready opportunity for a self-storage facility. The site boasts 61,810 square feet of net rentable space, planned for 898 units ranging from 5x4 to 10x30 feet within a four-story climate-controlled building. Located in the heart of the Los Angeles-Long Beach-Orange County MSA, this high-visibility property enjoys a daily traffic count of 37,779 vehicles. Its strategic location offers unparalleled access to key demographics: 2.5 miles from the University of Southern California (49,500 students), 3 miles from Downtown Los Angeles (3.9 million residents), and 9 miles from LAX Airport. The surrounding area demonstrates strong growth potential, with a population of 1,247,698 and an average household income of $79,024 within a 5-mile radius. Furthermore, 66,622 future residential units are under development within a 5-mile radius, ensuring robust future demand. This is a rare opportunity to capitalize on the thriving Los Angeles market, benefiting from a strong economy and a highly competitive job market. A general contractor's guaranteed maximum price (GMP) is already in place.

Highlights

  • Shovel-ready, fully entitled 0.6-acre site for a self-storage facility; GMP in place.
  • High-density infill location with 1,276,645 residents within a 5-mile radius.
  • Excellent location near USC, Downtown LA, and LAX.
  • Rapidly growing market with 67,210 future residential units planned within a 5-mile radius.
  • Strong market fundamentals: Los Angeles MSA boasts a top-performing economy and highly competitive job market.

Property Details for 1785 Vernon Ave

Property type
Land, Self storage facilities
Square Feet
61,810 SF
Lot Size (sq. ft)
26,136 SF
Units
898

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0041756
Longitude
-118.2415161
1785 Vernon Ave, Los Angeles, California

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1785 Vernon Ave
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