3rd Street Portfolio - 4620 E 3rd St
Land | 6,844 SqFt
Marketing description
CHANG INVESTMENT GROUP and KW COMMERCIAL are proud to exclusively present the opportunity to purchase the 3rd Street Portfolio, consisting of three (3) retail/commercial properties at 4605, 4620, and 4628 E 3rd St, East Los Angeles, California. The properties can be purchased together or separately (4620 & 4628 are adjoining and sold together). The 3rd Street Portfolio is well located in East Los Angeles, just east of Downtown LA and adjacent to cities including Commerce, Montebello, and Monterey Park. Furthermore, it is within minutes’ drive to Downtown LA, Cal State LA, USC Health Sciences Campus, with easy access to the 60, 710, 5 and 10 freeways.
The 3rd Street Portfolio is perfect for an owner user, investor, or developer looking to redevelop the properties with multifamily, mixed-use, or affordable housing. 4605 E 3rd St is currently used as an autobody shop with spray paint booths (note: using grandfathered land use), sitting on a ±16,386 SF corner lot. 4620 & 4628 E 3rd St are adjoining and sold together, with ±11,959 SF total lot size. 4620 E 3rd St is currently used as a retail store, and 4628 E 3rd St is currently used as a parking lot. All three properties are under Los Angeles County’s East Los Angeles Third Street Form-Based Code Zoning, which the specific plan “guides and fosters transit-supportive development around the Metro Gold Line stations, as well as stabilizes and enhances the adjoining residential neighborhoods. The Plan established new development standards and strategies to encourage and support a sustainable, transit-supportive, pedestrian-friendly, and economically vibrant community.” Since properties are within ½ mile from a major transit station, the properties are within the TOD Zone (Transit-Oriented District), which is advantageous for a developer to leverage the increased density and reduced parking requirements. Buyer to verify the property’s zoning and land use with the County of Los Angeles.
Contact listing agent to schedule a tour of the properties. PLEASE DO NOT CALL OR TALK TO THE TENANTS. Buyer to verify all information herein, Broker/Agent and Seller does not guarantee its accuracy.
Investment highlights
Three Properties Can be Purchased Together or Separately (4620 & 4628 E 3rd St are Adjoining and Must be Purchased Together)
Well Located in East Los Angeles, Adjacent to Commerce, Montebello, Monterey Park
LA County East Los Angeles Third Street Form-Based Code TOD Zoning (Buyer Verify)
Redevelopment Opportunity for Multifamily, Mixed-use, or Affordable Housing
4605 E 3rd St (Currently Autobody Shop): ±11,149 SF Building on a ±16,386 SF Corner Lot, Fenced Front and Rear Yard, ±1,677 SF of 2-Story Office, (4) Drive-ins, 14’ Clear Height (Shop Area), Parking Garage
4620 E 3rd St (Currently Retail Store): ±2,340 SF Building on a ±6,844 SF Lot
4628 E 3rd St (Adjoining Parking Lot with 4620): ±5,115 SF Lot
Easy Access to 60, 710, 5 and 10 Freeways
Minutes’ Drive to Downtown LA, Cal State LA, USC Health Sciences Campus
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