11737 Wicks StLos Angeles, CA 91352
- Industrial properties
- 18,500 SF
Property Details for 11737 Wicks St
- Year built
- 1954
- Lot size
- 1.48 AC
- Property size (Sq ft)
- 18,500 SF
- Zone code
- LAM3
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
- APN
- 2538-003-010
- APU
- 2538003010
Description
This turnkey cannabis operation in Sun Valley, CA, presents a rare opportunity to acquire a fully licensed and operational Type 11 distribution and Type 6 (non-volatile extraction) manufacturing facility. Located within Los Angeles/DCR jurisdiction, this 10,000 square foot industrial building offers a strategic advantage for efficient distribution throughout Los Angeles and surrounding areas. The property boasts a secure, discreet location, ideal for this specialized industry. The current owner, operating at limited capacity, ensures a smooth transition for the buyer. The sale includes a 5-year lease with 4 years remaining, offering potential for lease extension. The property features a new roof, a new multi-zone HVAC system, and ample three-phase power (400 amps). With 5 parking spaces and no debt tied to the license or entity, this is a fully compliant, established business ready for immediate operation. The asking price is $395,000, with a current rent of $7,500 per month ($0.75/sq ft). This represents a significant opportunity for immediate revenue generation in the thriving California cannabis market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $6,129,808
- Hospitality
- $5,614,871
- Educational
- $4,671,507
- Medical
- $4,832,167
- Retail
- $7,266,788
Location Insight
- City
- Sun Valley
- County
- Los Angeles
- State
- California
- Latitude
- 34.2409
- Longitude
- -118.388
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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