650 East 16Th St Los Angeles, CA 90015
Functional industrial/flexible space with long-term ground lease and fenced parking.
Property size:
31,000 SFProperty Features for 650 East 16Th St
General Information
- Size
- 31,000 SF
Source:
Lee-associates
Listing Agent: Sehyung Kim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Industrial/Flexible Space with Fenced Parking
This industrial/flexible space offers a functional and maintained environment. It features fenced parking. The property is available for the first time in over 20 years. A long-term ground lease from Cal Trans is in place with a minimal lease rate. It presents an amazing owner-user purchase opportunity. The seller is motivated. Buyers are advised to verify all details, including building and land square footage, permitted office size, dates of construction, clear height, power, sprinkler calculation, zoning, permitting and permitted uses, ADA compliance, parking, building and roof condition, HVAC, access, encroachments, floor load, and taxes. Buyers should obtain a business license and confirm zoning and use prior to waiving contingencies. The seller will verify all tax implications of the sale with their accountant or attorney.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
RAREHOUSE
Art Gallery
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.256703
- Latitude
- 34.03023
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Functional industrial/flexible space with long-term ground lease and fenced parking.
Where is this industrial property located?
The property is located at 650 East 16Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,511,000.
What are key features of this property?
This property features: - Long term ground lease from Cal Trans - minimal lease rate; - Clean, functional, maintained industrial/flexible space; - Amazing owner-user purchase opportunity