This exceptional ±22,706 square foot flex building presents a unique investment opportunity in Los Angeles' vibrant Mid-City neighborhood. Situated on a sizable ±30,611 square foot lot, the property boasts a single-story structure built in 1956, featuring a 16-foot ceiling height. The C2-1-O zoning allows for a wide range of uses, including the potential for approximately 130 by-right residential units, capitalizing on the area's high rental demand. The existing building comprises approximately 3,600 square feet of office space, a 17,806 square foot warehouse with 16-foot clearance, and 1,300 square feet of cold storage. A 1,220 square foot mezzanine provides additional space. The property benefits from a robust electrical system, including a Square D switch capable of supporting up to 400 amps at 240 volts, ideal for businesses with significant energy needs. Its prime location offers easy access to major employers in Downtown LA, Century City, and Santa Monica, and enjoys high visibility with approximately 32,083 average annual daily traffic. This owner-user or redevelopment opportunity is situated in a thriving area known for its premium rental rates and diverse amenities. The APN is 5070-004-026. This is a rare chance to acquire a well-positioned asset with significant upside potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$7,530,233
Hospitality
$6,897,653
Educational
$5,738,766
Medical
$5,936,132
Retail
$8,926,970
Location Insight
City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0488
Longitude
-118.341
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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