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    1329 3Rd St Los Angeles, CA 90033

    Sponsored
    For Sale
    Contact for pricing

    4,716 SF Mixed-Use Building, Vacant

    Property size:
    4,716 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,716-square-foot mixed-use building, located at 1329 E 3rd St, Los Angeles, CA 90033, presents a unique investment opportunity. Originally constructed in 1956 and extensively renovated in 2016, this single-story, Class C property sits on a 0.13-acre lot and is zoned LAM2. The building features a versatile layout ideal for creative office, warehouse, or studio use, boasting 11-18 foot ceiling heights, a bow truss ceiling, and abundant storage. Significant upgrades include a sprung dance floor, eight HVAC units, and a substantial 400-amp electrical service. A handicap lift ensures accessibility. The property is currently vacant and offers a blank canvas for a variety of uses. Its location in Boyle Heights, within a mile of major entertainment studios and a short drive to the Arts District, provides excellent access to a thriving creative community. The building has a Certificate of Occupancy and no outstanding citations. This NNN lease property is a single-tenancy building. The property's MEP systems are well-maintained, featuring three newer electrical panels. This is a prime opportunity to acquire a well-maintained, versatile property in a rapidly developing area of Los Angeles.

    Property Features for 1329 3Rd St

    General Information

    Property type
    Office space
    Square Feet
    4,716 SF
    Class
    C
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1956/2016
    Buildings
    1
    Stories
    1

    HighLights

    • 4,716 SF vacant Class C industrial/mixed‑use building, single‑tenant NNN lease.
    • Extensive 2016 renovations.
    • 400‑amp electrical service.
    • Sprung dance floor.
    • High ceilings (11‑18 ft) with bow truss ceiling.
    • Eight HVAC units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office 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
    -118.2255944
    Latitude
    34.045254

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    FAQs

    What type of property is this?
    Office space - 4,716 SF Mixed-Use Building, Vacant
    Where is this office space located?
    The property is located at 1329 3Rd St Los Angeles, CA.
    What are key features of this property?
    This property features: 4,716 SF vacant Class C industrial/mixed-use building, single-tenant NNN lease.; 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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