1120 14Th PlLos Angeles, CA 90021
- Manufacturing properties
- 7,644 SF
Property Details for 1120 14Th Pl
- Year built
- 1967
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 7,644 SF
- Zone code
- LAM2
- Property type
- Manufacturing properties
- APN
- 5132-024-035
- APU
- 5132024035
Description
This exceptional 7,644-square-foot industrial property, located at 1120 E 14th Place in Los Angeles, CA 90021, presents a unique investment opportunity. Built in 1967 and situated on a 0.22-acre lot, this free-standing building boasts a desirable M2 zoning designation. The warehouse features a 14-foot ceiling height, one dock-high door, and ample parking for four vehicles within a secured gated area. The property includes significant recent improvements, including approximately 14,720 square feet of new cold storage, approximately 386 square feet of cooler space, and approximately 386 square feet of refrigerated processing rooms. In addition to the cold storage, there is approximately 11,132 square feet of dry warehouse space. This strategically located property offers easy access to the 10 Freeway, the Produce Market, and the Seafood District, making it ideal for various distribution and warehousing operations. The asking price is $3,439,800, translating to $450 per square foot. The property's APN is 5132024035. Heavy power is available on-site. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant recent upgrades.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,194,450
- 6.5%
- $4,794,880
- 7%
- $4,452,390
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,325,730
- Geo Method
- $2,325,730
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $2,413,130
- Mixed-Use / Specialty
- $2,368,540
- Hospitality / Lodging
- $1,690,880
- Office
- $2,316,990
- Institutional / Educational
- $2,449,470
- Residential Income
- $2,865,880
- Multifamily
- $3,636,660
- Automotive / Energy
- $2,099,540
- Parking / Income-Based Land
- $760,077
- Restaurant / Food Service
- $1,155,100
- Healthcare / Senior Housing
- $2,465,790
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0282
- Longitude
- -118.249
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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