1601 Perrino Pl Los Angeles, CA 90023-2675
- Warehouses
- 54,603 SF
- 3.17 lot acres
Jul 09, 2021
Current Use by Public Records
- Green Way Appliance LG & Samsung Repair / Home Appliance Store
- CalState Moving / Moving Company
- LA Moving Centre, Inc / Moving Company / Storage Facility
- MXF Designs Inc / Clothing Store
Property Details for 1601 Perrino Pl
- Year built
- 1969
- Construction
- TILT-UP CONCRETE
- Lot size
- 3.17 lot acres
- Property size
- 54,603 SF
- Zone code
- LAM3
- Property type
- Warehouses
- APN
- 5169-015-014
- APU
- 5169015014
Description
This 61,000-square-foot manufacturing facility in Los Angeles offers multiple tenancy options ranging from 15,000 to 34,000 square feet. Built in 1969 and renovated in 2021, the single-story building features a 24-foot ceiling height, one drive-in door, and eleven dock-high positions, providing substantial loading capacity. The property boasts a robust power system (2600 amp, 480v, 3-phase, 4-wire) and a solar panel system (installed 2014). Ample parking is available with 74 spaces (1.05 ratio). Situated on a 3.17-acre lot at the end of a cul-de-sac, the property includes a fenced outdoor storage yard. Its strategic location offers easy access to major freeways (I-5, I-10, I-710, 60, and 101), proximity to BNSF Railway tracks (2 miles), and is only 17 minutes from Downtown Los Angeles. The property benefits from its proximity to the ports of Los Angeles and Long Beach (24 miles) and Los Angeles International Airport (45-minute drive). Located in Vernon's mature industrial submarket, it's surrounded by a skilled workforce and enjoys a central location minimizing delivery costs. The M3 zoning and APN 5169-015-014 further define this exceptional opportunity. This state-of-the-art facility provides a well-equipped manufacturing space within easy reach of a large population base (4.6 million within a 12-mile radius) and a substantial warehousing workforce (over 287,790 within 10 miles).
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $10,635,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,730,000
- 6.5%
- $12,670,000
- 7%
- $11,765,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $17,075,000
Market price range: $6.13M - $17.1M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $12,695,000 Current use
- INDUSTRIAL (GENERAL)
- $13,475,000 Change: +6% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.223
- Latitude
- 34.021
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA