1567-1717 Industrial St Portfolio, Los Angeles, CA

Listing agent Tim Wetzel Show Phone

Listing office Lee & Associates Show Phone

Listing date Jun 7, 2022

Source Moodyscre

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Overview

This 2.13-acre development site is located in the Arts District. The property, comprising 92,701 square feet of land, includes four leased buildings with short-term leases, providing in-place cash flow to cover expenses. This arrangement allows time to work through the entitlement process, or for DTLA 2040 to pass a hybrid industrial zone, potentially allowing commercial and residential uses with a Floor Area Ratio (FAR) of 3:1 to 6:1. The property is located in a Qualified Opportunity Zone, offering preferential tax benefits.

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.236

Latitude

34.0361

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FAQs

What type of property is this?

Commercial land - 2.13 acre development site in the Arts District.

Where is this commercial land located?

The property is located at 1567-1717 Industrial St Portfolio Los Angeles, CA.

What is the asking price?

The asking price for this property is $30,000,000.

What are key features of this property?

This property features: Excellent Arts District Development Site: 92,701 SF Land on 2.13 Acres; Potential FAR of 3:1 to 6:1 allowing for significant development possibilities; DTLA 2040 to pass Hybrid Industrial Zone allowing Commercial & Residential Uses