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    1329 3Rd St Los Angeles, CA 90033

    Sponsored
    For Lease
    $24 SF/Yr

    Versatile Industrial Building, Arts District Proximity

    Lot size:
    4,716 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4,716-square-foot single-tenant industrial property, located at 1329 E. 3rd St. in Los Angeles County, presents a unique investment opportunity. Originally constructed in 1956 and extensively upgraded in 2016, the building is currently zoned for light industrial use and functions as a successful performing arts production and event facility. The one-story structure boasts a thoughtfully designed interior featuring versatile space ideal for a variety of uses. Key features include a sprung dance floor, ample loft areas perfect for storage or additional studio space, and a convenient handicap lift ensuring accessibility. The property also benefits from a robust 400-amp electrical service and eight HVAC units for climate control throughout the building. The high ceilings feature a striking bow truss design, adding to the building's character and appeal. The space is well-suited for office, studio, or artist use, offering a blend of functionality and creative potential. Its location within a mile of major entertainment studios like Ace Mission Studios and a short drive to the Arts District provides unparalleled access to a vibrant and dynamic community. This property offers a rare combination of history, modern upgrades, and prime location, making it an exceptional investment opportunity in a rapidly evolving market.

    Property Features for 1329 3Rd St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,716 SF

    Unit(s) available at that property

    Space
    Size
    4,716 SF
    Rate per SF
    $24

    HighLights

    • 4,716 SF single‑tenant industrial flex space in Los Angeles County.
    • Extensive 2016 renovations.
    • 400‑amp electrical service.
    • Sprung dance floor.
    • Bow truss ceiling.
    • Eight HVAC units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    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
    -118.22561345748
    Latitude
    34.044961365947

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    FAQs

    What type of property is this?
    Flex space - Versatile Industrial Building, Arts District Proximity
    Where is this flex space located?
    The property is located at 1329 3Rd St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 4,716 SF single-tenant industrial flex space in Los Angeles County.; Extensive 2016 renovations.; 400-amp electrical service.
    Request Owner's contact information
    1329 3Rd St Los Angeles, CA 90033
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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
    1329 3Rd St Los Angeles, CA 90033
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