611 7Th StLos Angeles, CA 90021

Property Details for 611 7Th St

Year built

1950

Construction

TILT-UP CONCRETE

Lot size

1.05 AC

Property size (Sq ft)

33,816 SF

Zone code

LAM2

Property type

Industrial properties

Property subtype

Other warehouses

APN

5147-026-034

APU

5147026034

Description

This exceptional 35,816 square foot warehouse, situated on a 45,881 square foot lot at the northeast corner of 7th and San Pedro Streets in Los Angeles, CA 90021, presents a unique investment opportunity. Built in 1950 and renovated in 1990, the property boasts 18-22 foot ceilings, four loading docks (two exterior), and ample parking (6,209 square feet). The property features three street frontages, offering excellent visibility and access. Zoned LA M2, this site is ideal for redevelopment, capitalizing on the burgeoning Downtown Los Angeles market. Its strategic location places it within close proximity to major freeways, the Fashion District, Arts District, Staples Center, LA Live, and the Convention Center. The surrounding area is experiencing rapid growth, with a significant increase in residential and commercial development, presenting tremendous upside potential for a savvy investor or developer. The property includes three adjoining parcels with APN numbers 5147-026-001, 004, and 032. The property's substantial size and prime location make it an exceptional opportunity to participate in the ongoing revitalization of Downtown Los Angeles. The existing warehouse structure provides immediate income potential while offering significant redevelopment possibilities.

• Alternative Use

  Use

  Valuation

  Residential

  $11,416,706

  Hospitality

  $10,457,641

  Educational

  $8,700,635

  Medical

  $8,999,863

  Retail

  $13,534,321

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0407

Longitude

-118.246

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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