1140 Slauson Ave Los Angeles, CA 90011-4800

Property Details for 1140 Slauson Ave

Year built

1951

Construction

TILT-UP CONCRETE

Lot size

0.10 lot acres

Property size

3,000 SF

Zone code

LCM2*

Property type

Parking lots & garages

APN

6008-001-021

APU

6008001021

Description

This 3,000 square foot industrial warehouse, situated on an 8,824 square foot lot at 1140 E Slauson Ave, Los Angeles, CA 90011, presents a compelling investment opportunity for both owner-users and investors. The single-story, 1951-built building boasts a 10'-18' ceiling height, one loading dock, and a clean, functional space ideal for various businesses. The property features a fully paved and fenced yard accessible from two points on Slauson Avenue, offering efficient use of the space. A canopy provides an additional approximately 2,500 square feet of covered area. The building's concrete block construction and attractive bow truss roof add to its appeal. Inside, there's a small office buildout with a restroom. Electrical service includes two panels: 400A, 240V, 3Ph & 100A, 240V, 1Ph. Utilities include water, sewer, and electricity. The property is zoned LCSPIL (IX), allowing for a wide range of industrial uses. Its high-visibility location on Slauson Avenue, a major thoroughfare with approximately 27,000 vehicles per day, offers significant exposure. The property's proximity to national retailers, the Metro A Line Slauson Station (0.7 miles), and a Metro bus stop enhances its accessibility. A nearby $143 million public works project, including the Rail to Rail Active Transportation Corridor, further improves the area. Freeway access (110 Fwy) is 1.4 miles away, and downtown Los Angeles is 4 miles distant. The asking price is $929,000, with a 5.34% cap rate and a NOI of $49,644. The current month-to-month tenant pays $6,000 per month in a modified gross lease. SBA financing is available to qualified buyers.