2124 Violet StLos Angeles, CA 90021

This 8,800-square-foot industrial building, located in Los Angeles's Arts District (90021), presents a unique investment opportunity. The property, built in 1952, features a single unit with a net rentable area of 8,800 square feet situated on an 11,199-square-foot lot. Currently vacant, it offers significant development potential. The building is classified as Class C, with a permitted M3 zoning. The property boasts rare barrel-style ceilings and includes a private gated parking lot, supplemented by ample street parking. The lease is NNN, with no tenant credit, and expires April 1, 2027, leaving approximately 2.4 years remaining. The property's Net Operating Income (NOI) is $275,436. The parking ratio is 0.91 spaces per 1,000 square feet. Its prime location places it steps from renowned restaurants and businesses, including Bestia and SoHo House. The property's proximity to a significant mixed-use development project further enhances its investment appeal. This is a core investment opportunity in a thriving area.