2121 Yates AveCommerce, CA 90040

  • Warehouses
  • 19,222 SF
For Sale
$5,100,000 View listing

Property Details for 2121 Yates Ave

Year built
1956
Construction
TILT-UP CONCRETE
Lot size
0.81 AC
Property size (Sq ft)
19,222 SF
Zone code
CMM2*
Property type
Warehouses
APN
6336-003-042
APU
6336003042

Description

This exceptional 19,222-square-foot industrial property, located at 2121 Yates Avenue in Commerce, California, presents a compelling investment opportunity. The property, built in 1956 and situated on a 0.81-acre lot (APN 6336-003-042), is zoned CMM2*. It boasts 3,000 square feet of refrigerated/cold storage space, perfectly complementing the substantial warehouse area. Four dock-high doors facilitate efficient loading and unloading. The warehouse features an impressive 18-foot ceiling height. Currently 100% occupied by Solfi International under a lease expiring December 30, 2025, this property offers strong, immediate cash flow. The layout is adaptable, easily accommodating multiple tenants, providing flexibility for future expansion or rental income generation. Its strategic location in the infill Los Angeles market offers convenient access to major freeways (5, 710, 60, and 605), and potential for rail access further enhances its logistical advantages. The asking price is $5,100,000, translating to $265 per square foot. This property is an ideal acquisition for both investors seeking stable returns and owner-users looking for a well-located, functional industrial space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,320,819
    Hospitality
    $5,789,836
    Educational
    $4,817,076
    Medical
    $4,982,742
    Retail
    $7,493,228

Location Insight

City
Commerce
County
Los Angeles
State
California
Latitude
34.0026
Longitude
-118.13
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
$30,239
$1,090,215
$1,258,345
$2,348,560
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-
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