Investment Overview

This sale offers the opportunity to purchase an industrial warehouse and an additional lot in the city of Vernon. The property has attributes that provide for functionality and long-term value and is suitable for owner/users and investors. The subject property, located at 2055-2059 East 37th Street and 3700 South Alameda Street, consists of two parcels for a total of 20,223 square feet of land. One of the parcels, 2055-2059 East 37th Street, has been improved with an industrial warehouse that has 9,500 square feet of rentable building area. The building is of steel construction and has a clear height of 21’ at the center of the building and 14’ at the sides. The building was renovated in 2015 for use by a high-end clothing company and has been built out with a functional mix of office, production and warehouse space. The building offers a clean and functional space that could be used by numerous types of businesses. Utilities to the warehouse include water, sewer, gas and electricity. Electrical service is by way of a single panel: 400A, 4800V, 3Ph. The second parcel, 3700 South Alameda Street, is situated across the street from the warehouse and currently functions as a lot for parking and storage. This parcel has 8,477 square feet of land, is paved in asphalt and has security fencing. Zoning on the sites is VEM which is an industrial zoning designation that permits for numerous types of industrial uses. Situated on 37th Street, east of Alameda Street, the subject property is located in a desirable location in the city of Vernon, California. Vernon is located southeast of downtown Los Angeles and houses approximately 1,800 employers, which are largely industrial in nature. The city offers a business-friendly atmosphere and attractive utility charges. The subject site is 3.5 miles from downtown Los Angeles, 16 miles from Los Angeles International Airport, 24 miles from the Port of Los Angeles and only 1 mile from a freeway access point. 2055-2059 East 37th Street and 3700 South Alameda Street offers the opportunity to purchase an industrial warehouse with an additional lot in a desirable location. The property has attributes that provide for functionality and attractive long-term value, and is suitable for owner/users and investors alike.