Warehouse

3631 Union Pacific Ave

3631 Union Pacific Ave, Los Angeles, CA 90023

Listing Price: $13,300,000

Gross SF
85,293
Price/Gross SF
$155.93
Lot Size
1.44 acres
Year Built
1926
Rentable SF
85,293

Investment Overview

Marcus & Millichap is pleased to offer for sale 3631 Union Pacific Avenue, an owner occupied 50,189 square foot warehouse which will be delivered vacant. In addition for sale is 1370 Mirasol Street, a 50 percent leased two story 35,104 square foot warehouse that shares a common wall. The Property, resides on one legal parcel and was built in 1926 of concrete and brick masonry and was renovated in 2013. It consists of approximately 85,293 square feet of building area on approximately 62,727 square feet of M2 industrial zoned land. It is well suited for a company seeking close proximity to Downtown Los Angeles for manufacturing, warehousing or a creative use at a fraction of the price point commonly seen throughout Downtown Los Angeles. The Property is being offered to both owner/user’s and local value add investors who know the underlying long-term value of this location. The Property is located about 2.6 miles southeast of the Arts District and resides on the north side of Union Pacific Avenue and is immediately south of the 5 Freeway. The location is very central to Los Angeles and features easy access to multiple major freeways (5, 10, 60, 101, 110 & 710). This one-of-a-kind industrial warehouse and/or manufacturing facility has features that are suitable for a number of different businesses and is an ideal purchase opportunity at an attractive price point when compared to comparable on-market properties of this size range.

Investment Highlights

  • Owner/User or Value Add Investor Opportunity
  • Unique Industrial Building that is Suitable for Warehousing, Manufacturing or Creative Uses
  • M2 Heavy Industrial Zoning
  • Ideal Property for a Buyer Seeking Proximity to Downtown Los Angeles at a Fraction of the Price
  • Renovated Offices with Various High End Finishes
  • In-Place Rental Income from an Art Studio Lease on the 2nd Floor of 1370 Mirasol Street
  • Opportunity for Additional Rental Income from a Partial Sale Leaseback on the 1st Floor of 1370 Mirasol Street

Exclusively Listed By

Listing Price: $13,300,000

Gross SF
85,293
Price/Gross SF
$155.93
Lot Size
1.44 acres
Year Built
1926
Rentable SF
85,293

Investment Highlights

  • Owner/User or Value Add Investor Opportunity
  • Unique Industrial Building that is Suitable for Warehousing, Manufacturing or Creative Uses
  • M2 Heavy Industrial Zoning
  • Ideal Property for a Buyer Seeking Proximity to Downtown Los Angeles at a Fraction of the Price
  • Renovated Offices with Various High End Finishes
  • In-Place Rental Income from an Art Studio Lease on the 2nd Floor of 1370 Mirasol Street
  • Opportunity for Additional Rental Income from a Partial Sale Leaseback on the 1st Floor of 1370 Mirasol Street

Investment Overview

Marcus & Millichap is pleased to offer for sale 3631 Union Pacific Avenue, an owner occupied 50,189 square foot warehouse which will be delivered vacant. In addition for sale is 1370 Mirasol Street, a 50 percent leased two story 35,104 square foot warehouse that shares a common wall. The Property, resides on one legal parcel and was built in 1926 of concrete and brick masonry and was renovated in 2013. It consists of approximately 85,293 square feet of building area on approximately 62,727 square feet of M2 industrial zoned land. It is well suited for a company seeking close proximity to Downtown Los Angeles for manufacturing, warehousing or a creative use at a fraction of the price point commonly seen throughout Downtown Los Angeles. The Property is being offered to both owner/user’s and local value add investors who know the underlying long-term value of this location. The Property is located about 2.6 miles southeast of the Arts District and resides on the north side of Union Pacific Avenue and is immediately south of the 5 Freeway. The location is very central to Los Angeles and features easy access to multiple major freeways (5, 10, 60, 101, 110 & 710). This one-of-a-kind industrial warehouse and/or manufacturing facility has features that are suitable for a number of different businesses and is an ideal purchase opportunity at an attractive price point when compared to comparable on-market properties of this size range.

Exclusively Listed By

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