11737 Wicks StLos Angeles, CA 91352

  • Industrial properties
  • 18,500 SF
For Sale
$395,000 View listing

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
11737 Wicks St, Los Angeles, California

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

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
$19,909
$1,287,606
$34,835
$1,322,441
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