501 Quay AveLos Angeles, CA 90744

  • Manufacturing properties
  • 6,660 SF

Property Details for 501 Quay Ave

Year built
1989
Construction
TILT-UP CONCRETE
Lot size
3.59 AC
Property size (Sq ft)
6,660 SF
Zone code
LAM2
Property type
Manufacturing properties
APN
7418-008-004
APU
7418008004

Description

This exceptional industrial property, located at 501 Quay Ave, Los Angeles, CA 90744, presents a compelling investment opportunity. The 3.61-acre site boasts an existing 16,418 square foot maintenance and equipment building and offers ±157,340 square feet of space, currently 100% occupied under a NNN lease with a remaining term of 0.5 years. The property is zoned M2 Light Industrial, allowing for a variety of uses, and benefits from its strategic location less than one mile from the Los Angeles and Long Beach Ports, providing unparalleled access to major transportation arteries including the I-110, I-710, and I-405 freeways, and proximity to Los Angeles International Airport. The fully fenced, paved, and lit yard offers significant outdoor storage capabilities, a rare commodity in this highly sought-after South Bay market. The current lease presents a significant mark-to-market opportunity due to below-market rent and high barriers to entry in the area, including limited available yard sites and stringent zoning regulations. This property is situated in a strong industrial market with extremely tight supply and low vacancy rates, making it an ideal investment for those seeking a value-add opportunity with significant upside potential. The APN is 7418-008-004. This is a single-tenant property.

Location Insight

City
Wilmington
County
Los Angeles
State
California
Latitude
33.7772
Longitude
-118.259
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
$189,309
$14,357,520
$728,280
$15,085,800
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