718 Gladys AveLos Angeles, CA 90021

Property Details for 718 Gladys Ave

Year built

1911

Construction

TILT-UP CONCRETE

Lot size

0.32 AC

Property size (Sq ft)

17,600 SF

Zone code

LAM2

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

5146-001-030

APU

5146001030

Description

This exceptional 18,000-square-foot warehouse, located at 718 Gladys Avenue in Los Angeles, CA 90021, presents a rare investment opportunity. Situated in the vibrant Fashion District, this three-story building sits on a 0.32-acre lot and offers a unique sale-leaseback option. The property features a dedicated and gated parking area, providing secure access. While lacking roll-up doors, the building is conveniently served by an elevator, facilitating efficient movement between the three floors and a basement. Exterior brick repointing was completed in 2023, enhancing the building's curb appeal and structural integrity. The property is zoned M2-2D (verification recommended). The seller is open to leasing back approximately 25% of the building, specifically the top floor, providing a potential income stream for the buyer. This presents a compelling opportunity for investors seeking a well-maintained, strategically located industrial property in a thriving Los Angeles neighborhood. Showings are by appointment only.

• Alternative Use

  Use

  Valuation

  Residential

  $5,945,714

  Hospitality

  $5,446,242

  Educational

  $4,531,209

  Medical

  $4,687,044

  Retail

  $7,048,548

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0381

Longitude

-118.244

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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