119 W 36th Pl

Excellent partial owner/user play, or value-add Opportunity Zone investment! Priced to sell at $237 per SF, this sale includes two back-to-back buildings which are connected internally: 119 W 36th Pl, and 118 W 36th St. The buildings are zoned MR1-2 and are currently divided into 11 commercial/industrial units (each with their own private exterior access), 8 of which are occupied by short-term tenants (the longest lease expires in August of 2026) and 3 of which are vacant. The diverse tenant mix includes workshop-related uses and production studios.

The current annual gross rental income is approx. $202,000 and the pro-forma annual gross rental income is approx. $268,000 at full occupancy. This provides a great opportunity for an owner to move into a portion of the building at closing (4,038 SF is immediately available to occupy) and to subsidize their facility costs (and debt service) from the existing income the buildings are generating.

The buildings are both zoned MR1-2, which allows for CM (commercial manufacturing) uses, and limited commercial and manufacturing-related uses. Interior gated parking is available for 6 or more cars, accessible via a GL loading door on W 36th St. Conveniently located near South Park Downtown Los Angeles just east of USC's campus, with easy access to the 110, 10, and 5 Freeways, and only ½ mile from Exposition Park and the Coliseum. Call broker for more information or to schedule a tour.