625 35Th StLos Angeles, CA 90011

Property Details for 625 35Th St

Year built

1967

Construction

TILT-UP CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

15,168 SF

Zone code

LAM1

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

5121-001-009

APU

5121001009

Description

This exceptional retail property, located at 625 E 35th St, Los Angeles, CA 90011, presents a compelling investment opportunity. The 15,168 square foot building sits on a 19,663 square foot lot (APN 5121-001-009) and is zoned LA CM-1. The property comprises two distinct units with separate entrances, parking, electrical, and A/C feeds. Unit 1, encompassing 4,275 square feet, is currently leased to a cannabis distribution company through February 13, 2027, with three 5-year lease options at a 3% annual increase. The current monthly rent is $9,070.70. Unit 2, a vacant 10,893 square foot space, offers significant upside potential. This unit features both upstairs and downstairs office space (approximately 3,500 square feet total), over 8,000 square feet of warehouse space, and a loading dock accommodating two transport vehicles. The property boasts substantial power capabilities, including 400V 3-phase and 220V single-phase power, served by three electric meters and one gas meter. The asking price is $3,900,000, translating to $257.12 per square foot. This property offers a unique blend of stable income and significant redevelopment potential in a desirable Los Angeles location. The lease commenced on February 14, 2022.

• Alternative Use

  Use

  Valuation

  Residential

  $5,030,326

  Hospitality

  $4,607,752

  Educational

  $3,833,595

  Medical

  $3,965,438

  Retail

  $5,963,370

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0145

Longitude

-118.264

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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