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    1350 Velasco St Los Angeles, CA 90023

    Sponsored
    For Lease
    $1.32 SF/Yr

    4,100 SF Manufacturing/Warehouse in CBD

    Lot size:
    4,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,100-square-foot industrial property, located at 1350 Velasco St, Los Angeles, CA 90023, presents a unique opportunity for businesses seeking a versatile space in the heart of the city's Central Business District (CBD). The single-tenant building, constructed in 1947, sits on a 0.18-acre lot and boasts a desirable M2-1-CUGU zoning classification. The warehouse features a spacious interior with 17-foot ceilings, providing ample vertical storage capacity. Two loading docks ensure efficient loading and unloading operations, complemented by three convenient parking spaces. The property's electrical service is robust, offering 100 amps at 480 volts, 3-phase, and 4 wires, suitable for a range of manufacturing and industrial applications. Its convenient location near the intersection of Velasco Street and East Pico Boulevard offers excellent accessibility and visibility. The property is currently vacant and ready for immediate occupancy. The Los Angeles County Assessor's Parcel Number (APN) is 5190-036-002. This property is ideal for a variety of manufacturing, warehouse, or distribution businesses seeking a well-located, functional space in the vibrant Los Angeles CBD.

    Property Features for 1350 Velasco St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,100 SF
    Total Rate
    451

    Building Details

    Year Built
    1947

    Unit(s) available at that property

    Space
    Available space
    Size
    4,100 SF
    Rate per SF
    $1.32

    HighLights

    • Creative warehouse space.
    • High ceilings with abundant natural light and clear span design.
    • Two ground‑level 8'x8' loading docks.
    • 17' clear height in a secure building.
    • Excellent freeway access (10, 5, 60, 110, 710, & 101).
    • Close proximity to Downtown LA, Vernon, and the Arts District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -118.2047736
    Latitude
    34.0178331

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    FAQs

    What type of property is this?
    Distribution property - 4,100 SF Manufacturing/Warehouse in CBD
    Where is this distribution property located?
    The property is located at 1350 Velasco St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $1.32 SF/Yr.
    What are key features of this property?
    This property features: Creative warehouse space.; High ceilings with abundant natural light and clear span design.; Two ground-level 8'x8' loading docks.
    Request Owner's contact information
    1350 Velasco St Los Angeles, CA 90023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1350 Velasco St Los Angeles, CA 90023
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