Property profile

2655 Short St Los Angeles, CA 90023

FOR SALE
Office buildings
Property ID
US09-8328240
4,382 SF 0.16 ac lot
Trust Owned 21-yr Hold Absentee Owner Free & Clear
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2655 Short St, Los Angeles, CA 90023 For Sale
$1,499,000 4,382 SF
2655 Short St, Los Angeles, CA 90023
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Property summary

AI-generated overview

This single-story, 4,382-square-foot manufacturing building in Los Angeles' Boyle Heights neighborhood presents a unique owner-user opportunity. Situated on a 7,000-square-foot lot, the property features two freestanding structures of approximately 2,200 square feet each. Built in 1946, the building is in excellent condition, benefiting from recent capital improvements including roof repairs and AC upgrades. The property includes six on-site parking spaces and is conveniently located near the intersection of the I-5, 10, 60, and 101 freeways, offering easy access to major transportation routes. Its M2-1-CUGU zoning allows for various manufacturing uses. The property is currently vacant, providing a blank canvas for a new owner to customize and utilize the space to their specific needs. Its prime location in Boyle Heights, close to the 6th Street Viaduct and the Sears Landmark Tower, offers excellent visibility and accessibility. The asking price is $1,850,000, translating to $422.18 per square foot. This represents a rare chance to acquire a well-maintained industrial property in a rapidly developing area of Los Angeles. The property's APN is 5170-017-001. The back alley provides access to the parking.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Construction TILT-UP CONCRETE
Total area 4,382 SF
Lot 0.16 ac (6,999 SF)
Zoning code LAM2
APN 5170-017-001
UPID US09-8328240

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2655 Short St Los Angeles, CA 90023
Los Angeles metro Census 206050 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$815k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
1995
Price N/A

Zoning & alternative use

LAM2 · Los Angeles, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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