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    2010 62Nd St Los Angeles, CA 90047

    For Sale
    $4,449,998

    Multi-tenant warehouse, high ROI.

    Property size:
    26,114 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Los Angeles industrial property, located at 2010 W 62nd St, offers 26,114 square feet of space across a two-story brick building on a 28,740 sq ft lot. Built in 1926 and zoned M1, this stabilized investment boasts 11 tenants in a modified lease structure, generating a 5.00% cap rate and a pro-forma NOI of $225,118. The asking price is $4,449,998 ($170.41/sq ft, $404,545.27/unit). Features include two dock-high doors, a ground-level roll-up door, and 20 parking spaces within a gated lot. The property benefits from paid-off solar panels, significantly reducing energy costs. Freight elevators facilitate efficient goods transport. The property offers a value-add opportunity for conversion to a single or double-tenant occupancy. Occupancy date is June 13, 2024. A clean Phase 1 environmental report is available. This prime South Los Angeles location provides excellent visibility and accessibility.

    Property Features for 2010 62Nd St

    General Information

    Property type
    Distribution properties
    Square Feet
    26,114 SF
    Class
    C

    Building Details

    Year Built
    1926
    Buildings
    1
    Stories
    2
    Units
    11

    HighLights

    • Secure gated parking lot with 10,000 sq ft and automatic gate.
    • Two‑story brick building.
    • Solar panels (owned).
    • Ground‑level and dock‑high loading capabilities.
    • Value‑add opportunity: potential conversion to single- or multi‑tenant.
    • Freight elevators.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fast Auto Glass ... Auto Glass Repair Service Gramercy Studios Corporate Office RCS Custom Exhibits Event Technology Service offe market Fashion Accessories Store Star Precast General Contractor

    Suggested Use

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

    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
    -118.31370726745
    Latitude
    33.983387640451

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant warehouse, high ROI.
    Where is this distribution property located?
    The property is located at 2010 62Nd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,449,998.
    What are key features of this property?
    This property features: Secure gated parking lot with 10,000 sq ft and automatic gate.; Two-story brick building.; Solar panels (owned).
    Request Owner's contact information
    2010 62Nd St Los Angeles, CA 90047
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    Los Angeles, CA 90047
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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
    2010 62Nd St Los Angeles, CA 90047
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