2626 Lacy StLos Angeles, CA 90031

Property Details for 2626 Lacy St

Year built

1936

Lot size

2.06 AC

Property size (Sq ft)

14,451 SF

Zone code

LAUI(CA)

Property type

Industrial properties

Property subtype

Flex space

APN

5205-011-012

APU

5205011012

Description

This exceptional 90,000-square-foot creative industrial property, located at 2626 Lacy Street in Los Angeles, CA 90031, presents a unique investment opportunity. Situated on a 2.06-acre lot, this multi-building campus boasts 12 buildings across two stories, constructed in 1908 with renovations in 1948, 1980, and 2021. The property features over 25,000 square feet of creative office space, complemented by warehouse space, and has served as a prominent film production studio for over 40 years, hosting major studios and productions. Its prime location offers convenient access to the 5 and 110 freeways, and is directly adjacent to the Lincoln/Cypress Metro Rail Station (A Line). Zoned LAUI, this versatile property allows for a wide range of permitted uses, including light industrial and multi-family residential, presenting significant adaptive reuse potential. The property's existing infrastructure, including architectural courtyards, exposed brick, large industrial windows, loft spaces, exposed beams, and industrial lifts, adds to its appeal. Currently vacant, this property is ideal for an owner-user seeking creative office and production space, or for an investor looking to capitalize on its existing operations or pursue further development. The property's history as a successful film studio, combined with its strategic location and flexible zoning, makes it a compelling investment opportunity with potential for expansion into events and hospitality. The asking price is $18,175,000, with a price per square foot of $201.94. The property is located within the Arroyo Seco Specific Plan Area (CASP), offering streamlined project approval.

• Alternative Use

  Use

  Valuation

  Residential

  $4,878,839

  Hospitality

  $4,468,990

  Educational

  $3,718,148

  Medical

  $3,846,020

  Retail

  $5,783,785

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0821

Longitude

-118.22

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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