161 33Rd StLos Angeles, CA 90007

Property Details for 161 33Rd St

Construction

TILT-UP CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

3,584 SF

Zone code

LAM1

Property type

Manufacturing properties

APN

5122-006-016

APU

5122006016

Description

This exceptional 4,000-square-foot industrial property, situated on a spacious 3.725-acre lot in Los Angeles County, presents a unique opportunity for a variety of businesses. The single-tenant building, constructed in 1964, boasts a desirable flex space configuration ideal for warehouse, distribution, or creative office uses. The high 18-foot ceilings provide ample vertical space, complemented by one loading dock for efficient material handling. The property includes secure fenced parking accommodating 3-4 vehicles, enhancing security and convenience. Interior upgrades include fresh paint throughout and newly installed toilets, while exterior improvements also feature new paint. Additional amenities include a convenient outside patio and kitchenette. The building's electrical service is robust, featuring 200A, 120-240V, 1-phase, 3-wire power. Located just four blocks east of the University of Southern California campus and one block north of Jefferson Boulevard, this property benefits from excellent visibility and accessibility. The property is zoned LA M1. The lease rate is $4,800 per month ($1.20 per square foot gross), with a preferred lease term of 3-5 years, including annual CPI adjustments. This is a rare opportunity to secure a well-maintained, versatile industrial space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,435,490

  6.5%

  $2,248,150

  7%

  $2,087,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,090,450

  Geo Method

  $1,090,450

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,131,430

  Mixed-Use / Specialty

  $1,110,520

  Hospitality / Lodging

  $792,791

  Office

  $1,086,360

  Institutional / Educational

  $1,148,470

  Residential Income

  $1,343,710

  Multifamily

  $1,705,100

  Automotive / Energy

  $984,402

  Parking / Income-Based Land

  $356,373

  Restaurant / Food Service

  $541,587

  Healthcare / Senior Housing

  $1,156,120

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0204

Longitude

-118.274

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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