5503 Avalon BlvdLos Angeles, CA 90011

Property Details for 5503 Avalon Blvd

Year built

1902

Lot size

0.15 AC

Zone code

LAC2

Property type

Land

Property subtype

Commercial land

APN

5101-003-001

APU

5101003001

Description

This exceptional Los Angeles commercial property presents a unique investment opportunity. The offering encompasses a 9,979 square foot warehouse featuring extensive refrigerated and freezer storage, situated on a substantial 74,566 square foot lot. The property boasts 14'-20' ceiling heights and is ideally suited for food-related businesses. Currently operating as a thriving food-centric enterprise, the business generates a substantial annual gross income of $3,600,000, with 35% profit margins. Income streams include lucrative food truck parking (generating $100,000 monthly) and a commissary/wholesale food operation ($200,000 monthly). The property includes 112 food truck stalls with wash hoses, 10 five-ton ice machines, four walk-in refrigerators, one freezer, and ample dry warehouse storage. Heavy power is available (buyer to verify), along with on-site propane gas. Strategically located in Los Angeles, CA 90011, the property enjoys prominent frontage on three streets (255' on Avalon Blvd, 366' on 57th St, and 169' on 56th St) and convenient access to the Harbor (110) Freeway. The property's zoning (LA C2-1VL-CPIO, LA R2-1-CPIO) allows for future development potential. The asking price is $13,000,000, encompassing both the real estate ($9,000,000) and the established business ($4,000,000), which must be purchased together. Non-contiguous parcels totaling 11,700 square feet at 5503 Avalon Blvd and 442 E 57th St may be considered for separate purchase. The property's APN is 5101-004-026

• Alternative Use

  Use

  Valuation

  Residential

  $2,192,476

  Hospitality

  $2,008,297

  Educational

  $1,670,879

  Medical

  $1,728,343

  Retail

  $2,599,146

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9923

Longitude

-118.266

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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