3115 Grand AveLos Angeles, CA 90007

For Sale
$2,500,000 View listing
  • Manufacturing properties
  • 5,184 SF

Property Details for 3115 Grand Ave

Year built
1960
Construction
TILT-UP CONCRETE
Lot size
0.19 AC
Property size (Sq ft)
5,184 SF
Zone code
LAM1
Property type
Manufacturing properties
APN
5122-019-014
APU
5122019014

Description

This exceptional 5,184-square-foot warehouse, located in the heart of Los Angeles' Central Business District (CBD), presents a unique leasing opportunity. Situated on a 0.19-acre lot at 3115 S Grand Ave (cross streets: S Grand Ave/W 31st St), this single-tenant industrial property boasts a completely renovated interior, completed in 2023. The building, originally constructed in 1960, features a desirable 14-foot ceiling height, providing ample vertical space for storage and operations. The property includes convenient features such as eight parking spaces and one drive-in bay, ensuring efficient loading and unloading. Power specifications are 200 amps at 240 volts, 3-phase, and 4-wire. The property is zoned M1-2, and its Los Angeles County Assessor's Parcel Number (APN) is 5122019014. The entire 5,184 square feet is currently vacant and ready for immediate occupancy. This prime location in the CBD offers unparalleled access to major transportation arteries and a vibrant urban environment. This is an ideal space for businesses seeking a modern, well-maintained warehouse in a highly desirable area of Los Angeles. The zip code is 90007.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,719,225
    Hospitality
    $1,574,801
    Educational
    $1,310,216
    Medical
    $1,355,276
    Retail
    $2,038,114
3115 Grand Ave, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0221
Longitude
-118.276
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$27,765
$1,404,540
$839,460
$2,244,000
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