615 61St St, Los Angeles, CA 90001
59,689 SF | 50% Leased | Flex Building | Los Angeles, CA 90001 | $10,250,000 ($172/SF) | 6.95% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $10,250,000
- Property Type
-
Industrial
- Price / Square Foot
- $172
Listing Contacts
Brin Hamblin
Verified Profile
Martin Agnew
Verified Profile
Ryan Rothstein-Serling
Verified Profile
- Property Info
Property Overview
615-633 E 61st Street, is in the Goodyear Tract Neighborhood of South Downtown Los Angeles. This 59,689 square foot Mixed-Use Industrial property is located at the corner of Avalon and 61st Street and boasts a large, gated parking lot holding 81 spaces; including 3 handicap, 3 covered, and 13 tandem spaces, with additional parking available outside the fenced perimeter. Being located within State Enterprise and Federal Opportunity Zones, the property’s parking requirements are reduced to 2/1,000 square feet, therefore offering the opportunity to house a multitude of approved uses.
Property Details
- Class
- C
- Year Built
- 1927
- Stories
- 3
- Property Subtype
- Flex, Manufacturing, Freestanding, Warehouse, Loft/Creative Space
- Lot Size (sq. ft)
- 59,242 SF
Highlights
- Extensive Capital Improvements
- 2019 Clean Phase 1
- Heavy Power - 1,400a/240v 3p 3w | 4,000 Amp Upgrade Pending
- Zoned M2 - Cannabis Eligible*
- Ideal for Creative Office, Fashion, Entertainment, Technology, or Storage
- Highly Improved On-Site Cannabis Dispensary
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