Rare South LA Owner/User Automotive Site
Retail | 4,000 SqFt
Marketing description
GM Properties is pleased to present 235 W 24th Street, a rare 4,000 SF freestanding owner/user opportunity in Central Los Angeles. The masonry building sits on a 7,841 SF fenced lot with a 10' × 12' drive-in door, 200A power, and 6 surface parking spaces; a functional, automotive-capable configuration with established use history and a clean LADBS code enforcement record.
Zoned C2-2D-CPIO and located within a Transit Priority Area (parking minimums waived under AB 2097), the site offers both immediate owner/user utility and long-term redevelopment optionality under the LA Housing Element / AB 2011 framework.
Priced at $1,325,000 ($331/SF). SBA 504 financing available. Buyer to independently verify zoning, entitlements, and use eligibility with the City of Los Angeles.
Investment highlights
- 4,000 SF freestanding masonry building on 7,841 SF fenced lot
- Established automotive use history
- Drive-in door (10' × 12') and 200A / 120-240V electrical service
- C2-2D-CPIO zoning supports retail, automotive, light commercial, and mixed-use
- Located in a Transit Priority Area
- On the City of Los Angeles 2021-2029 Housing Element site inventory (AB 2011 eligible)
- Owner/user-priced at $331/SF | SBA 504 financing pencils to under $2.10/SF/mo
- Infill Central LA location near USC University Park, I-110 and I-10 freeways
- 90007 zip code: dense residential trade area with established commuter patterns
- Potential Opportunity Zone eligibility (buyer to confirm)
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