3030 Fletcher DrLos Angeles, CA 90065

Property Details for 3030 Fletcher Dr

Year built

1999

Lot size

0.26 AC

Property size (Sq ft)

11,190 SF

Zone code

LAM1

Property type

Retail properties

Property subtype

Parking lots & garages

APN

5458-008-015

APU

5458008015

Description

This exceptional industrial property, located at 3030 Fletcher Drive in Los Angeles, California, presents a compelling investment opportunity. Boasting 31,568 square feet of warehouse space, this distribution center is situated on a substantial 1.48-acre lot (64,560 square feet) and benefits from M1/MR1 zoning. The building, constructed in 1958, features impressive ceiling heights ranging from 14 to 18 feet, providing ample vertical storage capacity. The property includes 1,914 square feet of office space, divided into five rooms, ideal for administrative functions. Ample parking is available with 69 spaces provided for employees and visitors. The asking price is $1,195,690, translating to a price per square foot of $378.77. The property is further enhanced by a corporate guarantee on tenant credit, providing added security for the investment. This prime location in the East San Fernando Valley offers excellent access to major transportation arteries, making it an ideal distribution hub. The property's size, zoning, and features make it suitable for a variety of industrial and warehousing operations. The APN is 5458009001. This is a rare opportunity to acquire a well-located, functional industrial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,361,338

  6.5%

  $4,948,928

  7%

  $4,595,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,362,284

  Geo Method

  $5,362,284

• Alternative Use

  Use

  Valuation

  Residential

  $4,174,606

  Hospitality

  $3,823,916

  Educational

  $3,181,454

  Medical

  $3,290,869

  Retail

  $4,948,928

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1166

Longitude

-118.245

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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