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Warehouse

615-633 E 61st St

615 E 61st St, Los Angeles, CA 90001

Listing Price: $10,250,000

Cap Rate
6.95%
Gross SF
59,689
Price/Gross SF
$171.72
Lot Size
1.36 acres
Year Built
1927
Rentable SF
59,689

Investment Overview

Marcus & Millichap is pleased to present 615-633 E 61st Street, in the Goodyear Tract Neighborhood of South Downtown Los Angeles. This 59,500 square foot Office and Industrial Warehouse building 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. Being located within a Stare 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 uses with appropriate parking. The asset is currently approved for Creative Office, and Warehouse.

Investment Highlights

  • Extensive Capital Improvements
  • Zoned M2 - Cannabis Eligible*
  • Heavy Power - 1,400a/240v 3p 3w | Power Upgrade Pending
  • Ideal for Creative Office, Fashion, Entertainment, Technology, or Storage
  • Highly Improved On-Site Cannabis Dispensary
  • Located in State and Federal Enterprise Zone & Federal Opportunity Zone

Exclusively Listed By

Financing By

Warehouse

615-633 E 61st St

Listing Price: $10,250,000

Cap Rate
6.95%
Gross SF
59,689
Price/Gross SF
$171.72
Lot Size
1.36 acres
Year Built
1927
Rentable SF
59,689

Investment Highlights

  • Extensive Capital Improvements
  • Zoned M2 - Cannabis Eligible*
  • Heavy Power - 1,400a/240v 3p 3w | Power Upgrade Pending
  • Ideal for Creative Office, Fashion, Entertainment, Technology, or Storage
  • Highly Improved On-Site Cannabis Dispensary
  • Located in State and Federal Enterprise Zone & Federal Opportunity Zone

Investment Overview

Marcus & Millichap is pleased to present 615-633 E 61st Street, in the Goodyear Tract Neighborhood of South Downtown Los Angeles. This 59,500 square foot Office and Industrial Warehouse building 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. Being located within a Stare 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 uses with appropriate parking. The asset is currently approved for Creative Office, and Warehouse.

Exclusively Listed By

Financing By

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