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Property profile & analytics
OFF-MARKET Estimated value $1,825,000
Manufacturing properties

1120 14th Pl Los Angeles, CA 90021-2602

7,644 SF 0.22 ac lot Built 1967
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0468539
Property summary
AI-generated overview

This exceptional 7,644-square-foot industrial property, located at 1120 E 14th Place in Los Angeles, CA 90021, presents a unique investment opportunity. Built in 1967 and situated on a 0.22-acre lot, this free-standing building boasts a desirable M2 zoning designation. The warehouse features a 14-foot ceiling height, one dock-high door, and ample parking for four vehicles within a secured gated area. The property includes significant recent improvements, including approximately 14,720 square feet of new cold storage, approximately 386 square feet of cooler space, and approximately 386 square feet of refrigerated processing rooms. In addition to the cold storage, there is approximately 11,132 square feet of dry warehouse space. This strategically located property offers easy access to the 10 Freeway, the Produce Market, and the Seafood District, making it ideal for various distribution and warehousing operations. The asking price is $3,439,800, translating to $450 per square foot. The property's APN is 5132024035. Heavy power is available on-site. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant recent upgrades.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1967
Construction TILT-UP CONCRETE
Total area 7,644 SF
Lot 0.22 ac (9,441 SF)
Zoning code LAM2
APN 5132-024-035
UPID US10-0468539
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lovely J Factory Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.83M
CAP Approach CAP
$1.46M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.83M
Owner & transaction history
111essex LLC · 2 yrs held
111essex LLC
since 2024
Last sale
$1.8M
7 recorded transactions
2024
$1.8M
2024
Price N/A
2023
$1.8M
2008
Price N/A
2007
Price N/A
1993
Price N/A
1989
Price N/A
Zoning & alternative use
LAM2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.3M +15.1%
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