1406 Pleasant Ave, Los Angeles, CA 90033
6,447 SF | Industrial Building | Los Angeles, CA 90033 | $3,495,000 ($542/SF) | 5.69% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 22 days
Asking Price $3,495,000
- Property Type
-
Industrial
- Price / Square Foot
- $542
Listing Contacts
Tim Byrne
Property Overview
One of the coolest properties to hit the market in 2023. Looking for something unique, part of LA history, cool creative space with future upside? Compass Commercial would like to present the old Carnation creamery manufacturing plant, Mt. Pleasant Bakery and additional land for development. Versatile as to possibilities: Art Gallery, Event Space, Industrial-Loft Living, Design Studio and, Creative Space. The present use consists of three live workspaces ranging in size from 700 sf to 1,100 sf, two studio have outdoor patios. There is a large parking area that provides access to the gallery which leads into a large outdoor courtyard with restrooms, workshop and enclosure patio that was part of the original creamery. The building located at 1418 E Pleasant was built in 1885. Further investigation is needed to determine if property contributes as historic resource. There is future upside potential to develop approximately 75 apartment units or more. Buyer to investigate the total number of units with the City of Los Angeles. The site consists of approximately 5,600 SF of creative space, the old Mt. Pleasant Bakery all situated on a 34,842 SF of LAR3 - TOC 3 zoned land. Buyer is advised to perform their own investigation and to verify building size, property size, building configuration, development potential, permitted use, historic relevance, and that all building systems are up to code.
Property Details
- Class
- C
- Year Built
- 1927
- Stories
- 1
- Property Subtype
- Service, Manufacturing
- Lot Size (sq. ft)
- 34,848 SF
Highlights
- Industrial Loft Living
- Event Space
- Design Studio
- Creative Space
- Future Development
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