1150 12Th StLos Angeles, CA 90021

Property Details for 1150 12Th St

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

4,960 SF

Zone code

LAM2

Property type

Retail space

APN

5132-016-011

APU

5132016011

Description

This exceptional investment opportunity presents a fully renovated, vacant industrial warehouse located at 1150 E 12th St, Los Angeles, CA 90021. The property boasts 4,959 square feet of net rentable space, spread across three individual units, each featuring its own bathroom and HVAC system. Built in 1965 and extensively renovated in 2016, this Class B warehouse offers a compelling blend of character and modern functionality. Key features include three ground-level loading docks, a 17-foot ceiling height, and 400-amp three-phase power. The property sits on a 0.14-acre lot and benefits from a private gated parking and loading area. The asking price is $2,100,000, translating to $423.47 per square foot and $700,000 per unit. Its strategic location near the I-10, I-5, and I-110 freeways provides excellent access to major transportation arteries. The open floor plan showcases exposed brick walls and abundant natural light, while the heavy LAM2 industrial zoning ensures versatile usage potential. This is a rare chance to acquire an unencumbered, multi-unit industrial building in a high-demand Los Angeles location. The property's recent renovations, combined with its prime location and desirable features, make it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,688,330

  6.5%

  $1,558,450

  7%

  $1,447,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $980,921

  Geo Method

  $980,921

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,070,810

  Mixed-Use / Specialty

  $1,540,100

  Hospitality / Lodging

  $1,113,260

  Office

  $1,517,620

  Institutional / Educational

  $1,596,510

  Residential Income

  $1,867,920

  Multifamily

  $2,311,230

  Automotive / Energy

  $1,368,440

  Parking / Income-Based Land

  $484,875

  Restaurant / Food Service

  $773,704

  Healthcare / Senior Housing

  $1,592,470

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0303

Longitude

-118.246

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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