405 Avalon BlvdLos Angeles, CA 90744

Property Details for 405 Avalon Blvd

Year built

1923

Property size (Sq ft)

7,533 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional value-add investment presents a rare opportunity to acquire a 0.64-acre industrial property in Wilmington, CA, encompassing four lots totaling 7,533 square feet. The property, situated at 405-415 N Avalon Blvd, features four single-story buildings constructed in 1923, offering significant redevelopment potential. Currently zoned CM (Commercial Manufacturing), allowing for various industrial uses including warehouse and storage, the property boasts approximately 182 feet of frontage on Avalon Boulevard. The existing multi-tenant occupancy provides below-market rent with month-to-month leases, presenting immediate upside potential. This prime location near the Ports of Los Angeles and Long Beach makes it an attractive investment for both owner-users and developers seeking to capitalize on the region's robust industrial market. The property's 27,649 square foot lot size and gross lease structure further enhance its appeal. This is a unique chance to acquire a well-positioned asset with substantial upside potential for redevelopment into industrial flex space, warehouse facilities, or even affordable housing. The asking price is $2,500,000, translating to $331.87 per square foot. APN numbers are 7418-014-004, 7418-014-005, 7418-014-019, and 7418-014-012.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.7744

Longitude

-118.262

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