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    1137 Eastern Ave East Los Angeles, CA 90023

    Sponsored
    For Sale
    $3,000,000

    Prime Industrial Land, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 30,148 square foot industrial land parcel, located at 1137 S Eastern Ave, Los Angeles, CA 90023 (APN 5236-011-047;-046), presents a unique investment opportunity. Zoned M-1 C-2, this property offers significant development potential, particularly suited for a cold storage facility. The site boasts convenient access to major freeways, the 710 and 5, providing excellent logistical advantages. Situated in an Opportunity Zone, this location offers potential tax benefits for qualified investors. The property is owned by 1137 Eastern Avenue LLC and is being offered for sale at $3,000,000. While a build-to-suit option is possible, the final sales price for such a project would be determined separately. This property is ideal for owner-users, investors, or developers seeking a prime location in East Los Angeles with substantial upside potential. All information should be independently verified by the buyer.

    Property Features for 1137 Eastern Ave

    General Information

    Property type
    Land

    HighLights

    • $3,000,000 asking price for 30,148 square feet of industrial land.
    • Located in East Los Angeles, CA, in an Opportunity Zone.
    • Zoned M‑1 C‑2, suitable for cold storage development.
    • APN: 5236‑011‑047;-046; owned by 1137 Eastern Avenue LLC.
    • Excellent freeway access via the 710 and 5 freeways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    East Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.17394585355
    Latitude
    34.019616725817

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Development Potential
    Where is this land located?
    The property is located at 1137 Eastern Ave East Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for 30,148 square feet of industrial land.; Located in East Los Angeles, CA, in an Opportunity Zone.; Zoned M-1 C-2, suitable for cold storage development.
    Request Owner's contact information
    1137 Eastern Ave East Los Angeles, CA 90023
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    East 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
    1137 Eastern Ave East Los Angeles, CA 90023
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