625 35Th StLos Angeles, CA 90011
- Manufacturing properties
- 15,168 SF
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
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $10,307,400
- 6.5%
- $9,514,480
- 7%
- $8,834,880
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,614,960
- Geo Method
- $4,614,960
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $4,788,370
- Mixed-Use / Specialty
- $4,699,900
- Hospitality / Lodging
- $3,355,210
- Office
- $4,597,610
- Institutional / Educational
- $4,860,480
- Residential Income
- $5,686,760
- Multifamily
- $7,216,230
- Automotive / Energy
- $4,166,130
- Parking / Income-Based Land
- $1,508,220
- Restaurant / Food Service
- $2,292,070
- Healthcare / Senior Housing
- $4,892,880
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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