2124 Violet StLos Angeles, CA 90021

Property Details for 2124 Violet St

Year built

1952

Construction

TILT-UP CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

8,800 SF

Zone code

LAM3

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

5166-004-004

APU

5166004004

Description

This 8,800-square-foot industrial building, located in Los Angeles's Arts District (90021), presents a unique investment opportunity. The property, built in 1952, features a single unit with a net rentable area of 8,800 square feet situated on an 11,199-square-foot lot. Currently vacant, it offers significant development potential. The building is classified as Class C, with a permitted M3 zoning. The property boasts rare barrel-style ceilings and includes a private gated parking lot, supplemented by ample street parking. The lease is NNN, with no tenant credit, and expires April 1, 2027, leaving approximately 2.4 years remaining. The property's Net Operating Income (NOI) is $275,436. The parking ratio is 0.91 spaces per 1,000 square feet. Its prime location places it steps from renowned restaurants and businesses, including Bestia and SoHo House. The property's proximity to a significant mixed-use development project further enhances its investment appeal. This is a core investment opportunity in a thriving area.

• Alternative Use

  Use

  Valuation

  Residential

  $2,970,408

  Hospitality

  $2,720,878

  Educational

  $2,263,738

  Medical

  $2,341,592

  Retail

  $3,521,370

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0323

Longitude

-118.229

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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