2124 Violet St Los Angeles, CA 90021
- Manufacturing properties
- 8,800 SF
- 0.26 lot acres
Current Use by Public Records
- Manuel's Produce / Produce Market
- Randy repairing / Contractor
- Lewis Remodelling / Contractor
Property Details for 2124 Violet St
- Year built
- 1952
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.26 lot acres
- Property size
- 8,800 SF
- Zone code
- LAM3
- Property type
- Manufacturing properties
- APN
- 5166-004-004
- APU
- 5166004004
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.229
- Latitude
- 34.0323
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
