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    2124 Violet St Los Angeles, CA 90021

    Sponsored
    For Sale
    Contact for pricing

    8,800 SF Flex/Warehouse, High NOI

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 8,800-square-foot industrial building, located in Los Angeles's Arts District (90021), presents a unique investment opportunity. The property, built in 1952, features a single unit with a net rentable area of 8,800 square feet situated on an 11,199-square-foot lot. Currently vacant, it offers significant development potential. The building is classified as Class C, with a permitted M3 zoning. The property boasts rare barrel-style ceilings and includes a private gated parking lot, supplemented by ample street parking. The lease is NNN, with no tenant credit, and expires April 1, 2027, leaving approximately 2.4 years remaining. The property's Net Operating Income (NOI) is $275,436. The parking ratio is 0.91 spaces per 1,000 square feet. Its prime location places it steps from renowned restaurants and businesses, including Bestia and SoHo House. The property's proximity to a significant mixed-use development project further enhances its investment appeal. This is a core investment opportunity in a thriving area.

    Property Features for 2124 Violet St

    General Information

    Property type
    Distribution properties
    Square Feet
    8,800 SF
    Class
    C

    Building Details

    Year Built
    1952
    Buildings
    1
    Units
    1

    HighLights

    • Private gated parking lot with ample street parking.
    • Currently vacant.
    • Rare barrel‑style ceilings.
    • Prime Arts District location near Bestia and SoHo House.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manuel's Produce Produce Market Randy repairing Contractor Lewis Remodelling Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Wholesale Shop 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
    -118.22919525989
    Latitude
    34.032650162044

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    FAQs

    What type of property is this?
    Distribution property - 8,800 SF Flex/Warehouse, High NOI
    Where is this distribution property located?
    The property is located at 2124 Violet St Los Angeles, CA.
    What are key features of this property?
    This property features: Private gated parking lot with ample street parking.; Currently vacant.; Rare barrel-style ceilings.
    Request Owner's contact information
    2124 Violet St Los Angeles, CA 90021
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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
    2124 Violet St Los Angeles, CA 90021
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