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    FOR SALE
    Warehouses

    939 N Vignes St, Los Angeles, CA 90012

    8,932 SF 0.24 ac lot Built 1958
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US09-9534488
    Property summary
    AI-generated overview

    This 8,932-square-foot industrial warehouse, built in 1958, is located at 939 N Vignes St, Los Angeles, CA 90012. The single-story building sits on a 10,578-square-foot lot (APN 5409-016-029) and features one dock-high door, ceiling heights ranging from 10'6" to 12'6", and is zoned LAM3. The property offers excellent access to major freeways (US 101, I-5, and I-110), providing convenient connectivity to downtown Los Angeles, the San Gabriel Valley, and the San Fernando Valley. Its location within an Opportunity Zone presents significant tax incentive potential for investors. A clean Phase 1 environmental report (completed 5/7/2024) indicates no further action is required. This versatile space is ideal for owner-users seeking a strategic location in a dynamic market, suitable for various industrial uses including manufacturing and warehousing. The property's central location near Union Station further enhances its accessibility and appeal. This owner-user investment opportunity provides a flexible industrial space with drive-in access, making it an attractive option for businesses seeking a well-located and functional warehouse in Los Angeles.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1958
    Construction TILT-UP CONCRETE
    Total area 8,932 SF
    Lot 0.24 ac (10,578 SF)
    Zoning code LAM3
    APN 5409-016-029
    UPID US09-9534488
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.50M
    CAP Approach CAP
    $2.08M
    Comparable Approach Comparable
    $1.39M
    Blend (final) Blend
    $1.50M
    Owner & transaction history
    Essex Plaza LLC · 1 yrs held
    Essex Plaza LLC
    since 2024
    Last sale
    $1.5M
    5 recorded transactions
    2024
    $1.5M
    2021
    2011
    2011
    2009
    Zoning & alternative use
    LAM3 · Los Angeles, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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