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Opportunity Zone

2010 W 62nd Street - Warehouse

26,000 Sqaure Foot Industrial Building with a Gated Parking Lot

Listing Contacts

Active

Asking Price: $4,449,998
Address 

2010 W 62nd St, Los Angeles, CA 90047

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Date Added
Jun 13, 2024
Days on Market
371 days
Time Since Last Update
92 days

Details

Property TypeIndustrial
SubtypeDistribution, Manufacturing, Warehouse
Investment TypeStabilized
Investment Sub TypeOwner User
ClassC
Lease TypeModified
TenancyMulti
Number of Tenants11
Square Footage26,114
Net Rentable (sq ft)26,114
Price/Sq Ft$170.41
Cap Rate5.00%
Pro-Forma Cap Rate5.06%
Occupancy Date06/13/2024
Pro-Forma NOI$225,118
Units11
Year Built1926
Buildings1
Stories2
ZoningM1
Lot Size (sq ft)28,740
Parking (spaces)20
Rent BumpsYes
Broker Co-OpYes
APN6001-020-015, 6001-020-017, 6001-020-016
Price/Unit$404,545.27
Ground LeaseNo
Dock High Doors2
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Marketing Description

Thompson Team Real Estate is proud to exclusively offer this amazing commercial property in South Los Angeles! This property is a two-story brick construction building that is perfect for distribution, manufacturing, and storage.​ It is located on a corner lot, which makes it easily accessible and highly visible.​ This property also boasts a gated 10,000 square foot parking lot with an automatic gate for added security, ensuring that your valuable assets are protected at all times.​ The ground roll-up door and dock high roll-up doors provide easy access for loading and unloading.​ Additionally, the working freight elevators make it easy to transport heavy goods to and from the upper level of the building.​ One of the most attractive features of this property is the paid off solar panels, which significantly reduce energy costs and add value to the property.​ The property also has a value-add opportunity to convert it into a one or two-tenant building, providing flexibility to suit your business needs.​ Property also has a clean phase 1.​ Overall, this property is perfect for businesses that require ample space and security for their operations.​ Don't miss this opportunity to own this exceptional property in South Los Angeles!

Investment Highlights

  • Gated 10,000 square foot parking lot with an automatic gate for added security

  • Two-story brick construction building

  • Paid off solar panels

  • Ground roll-up door and dock high roll-up doors for easy loading and unloading

  • Value add opportunity to convert the property into a one or two-tenant building

  • Working freight elevators for easy transportation of goods

  • Located on a corner lot in South Los Angeles

  • Ideal for distribution, manufacturing, and storage businesses

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