815 18Th St Los Angeles, CA 90021

This Los Angeles industrial property, located at 815 E Washington Blvd & 810 E 18th St (APN 5131-004-034), offers a unique owner-user or development opportunity. The 18,200 square foot property sits on a 31,126 square foot lot, boasting 125 feet of frontage on Washington Blvd and 97 feet on 18th Street. The two-story building, constructed in 1943, features clear-span warehouses and retail space, providing flexibility for various uses. The property includes 32 parking spaces and benefits from its location in the LA CM-2D-O-CPIO zoning district. Situated conveniently between Griffith Ave and Stanford Ave, it enjoys exceptional visibility due to its location directly adjacent to the Metro Blue Line Light Rail on Washington Blvd. Its proximity to the DTLA Fashion District, USC, and the Convention Center (within one mile) adds significant value. Further enhancing its appeal, this property is located in a Qualified Designated Opportunity Zone and generates an annual income of $820 from a billboard. The land value is $302.20 per square foot. This presents a short-term income stream while repositioning the property for long-term growth. The property's Tier 3 TOC rating adds to its investment potential.