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Industrial Warehouse in DTLA Opportunity zone 1204 Paloma St

7,800 SF Vacant Industrial Building Los Angeles, CA 90021 £1,917,003 (£246/SF)

Investment Highlights

  • Approximately 3,928 square feet per Public Records (7,800 square feet inclusive of Mezzanine space)
  • Formerly Occupied by Cannabis Tenant and has four licenses ; Cultivation, Manufacturing, Distribution, Delivery that can be sold separately.
  • Rear gated secured parking
  • Industrial Warehouse Building with a 5,565 SF Lot
  • Located in opportunity zone
  • 120/240V 400 AMPS 3 PHASE building power capacity

Executive Summary

This industrial warehouse in Downtown Los Angeles offers approximately 3,928 square feet of space (7,800 square feet including mezzanine) on a 5,565 square foot lot. Located within an Opportunity Zone, this property is ideal for various industrial uses, including cannabis operations. Built in 1997 with tilt-up concrete construction, the facility features a 25-foot clearance height, 400 AMPS of 3-phase power (expandable to 1,200 AMPS), a 1-inch gas line, fire sprinklers, and a 25-ton HVAC system.
Additional highlights include rear gated parking, multiple restrooms, and proximity to major freeways (10, 5, 110, 101), public transportation, and amenities in the Fashion District and Wholesale Produce Market area. Also available are four cannabis licenses (Cultivation, Manufacturing, Distribution, Delivery), to be sold separately.
This property is ideal for investors or businesses looking to capitalize on the Opportunity Zone incentives, whether for general industrial use or cannabis operations. The facility’s robust infrastructure, combined with its prime location in a bustling commercial area, offers significant potential for growth and profitability.

Property Facts

Price £1,917,003
Price Per SF £246
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 0.13 AC
Rentable Building Area 7,800 SF
Number of Floors 2
Year Built 1997
Parking Ratio 0.77/1,000 SF
Clear Ceiling Height 24 ft
Level Access Doors 1
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Air Conditioning

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Walk Score ®
Very Walkable (73)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5132-016-047
Land Assessment
£1,348,940
Improvements Assessment
£144,524
Total Assessment
£1,493,464

zoning

Zoning Code M2, Los Angeles (Light Industrial Zone)
M2, Los Angeles (Light Industrial Zone)
  • Listing ID: 33016257

  • Date on Market: 30/08/2024

  • Last Updated:

  • Address: 1204 Paloma St, Los Angeles, CA 90021

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