Warehouse

Multi-Unit Industrial/Creative Complex

2800-2850 S Santa Fe Ave, Vernon, CA 90058

Listing Price: $9,000,000

Cap Rate
1.92%
Gross SF
29,110
Price/Gross SF
$309.17
Lot Size
0.84 acres
Year Built
1930
Rentable SF
29,110

Investment Overview

This sale offers the opportunity to purchase a multi-unit industrial/creative complex in a desirable location south of Downtown Los Angeles and proximate to the Arts District. Charismatic buildings, high-visibility and attractive underlying value make this property suitable for investors and owner/users alike. The subject property, 2800-2850 S Santa Fe Avenue and 2404-2406 E 28th Street in Vernon, CA, is comprised of two parcels for a total of 36,616 square feet of land. The property has been improved with three structures, encompassing 29,110 square feet of rentable building area, and is currently configured for 5 tenants. The possibilities for this property are numerous. 2808-2850 Santa Fe Ave is a 1930-constructed, brick warehouse with a bow truss roof and glass façade. The building is 23,200 square feet and has a clear height of 13’. Currently configured for two tenants, there are entrances along Santa Fe Ave and loading doors at the back of the building. The architecture is attractive and unique. The original glass façade still exists under a wood/stucco cover, and will transform this building when brought back to life. The red brick construction and bow truss roof give irreplaceable character. The interior has been partially renovated and offers an attractive and functional space for numerous uses. There is approximately six feet between the back of the building and the alley that has been used for parking, loading and storage. This space could potentially be reconfigured to a common outdoor area while maintaining functionality of the roll-up doors. 2404-2406 28th St is a 5,140 square foot wood/stucco building with a raised concrete foundation. Constructed in 1961, the building has a 12’ clear height and a large basement. Currently the property is configured for two tenants, access is by way of 28th St. There is a small roll-up door on the northern unit. 2800 Santa Fe Ave is a 770 square foot wood/stucco structure with a covered front patio. The building was formerly used as a café and coffee shop. The building is currently used by one of the tenants as additional storage space as well as a venue for showcasing products. The café is still permitted with the city of Vernon and could be reopened. There is a large parking area, as well as signage, in front of the café. Situated on the southeast corner of Santa Fe Avenue and 28th Street in the city of Vernon, the site is located is an exciting area of redevelopment activity. Investors, business owners and the general population continue to be attracted to Downtown Los Angeles. Numerous redevelopment projects are currently underway, including hotels, restaurants, artist lofts, live/work spaces and more. The subject property is located 1.5 miles south of the Arts District and 1.5 miles southeast of the Fashion District, providing for desirable underlying value as activity continues to push south. 2800-2850 Santa Fe Avenue and 2404-2406 E 28th St offers the opportunity to purchase an industrial/creative complex in one of the most dynamic real estate markets in the country. The possibilities are numerous.

Investment Highlights

  • Partially Renovated – Conceptual Plans for Creative Improvement
  • Attractive Underlying Value
  • Multi-Unit Industrial/Creative Complex
  • High-Visibility – Corner of Santa Fe and 28th
  • Charismatic Buildings – Glass Façade, Bow Truss Roof, Brick Construction
  • Desirable Location South of Arts District and Fashion District

Exclusively Listed By

  • Derek L. Caldwell

    Vice President Investments

    (424) 405-3829

    Email Derek

    License(s): CA: 01929621

    South Bay

  • Sage Segal

    Associate

    Email Sage

    License(s): CA: 02099925

    South Bay

Warehouse

Multi-Unit Industrial/Creative Complex

Listing Price: $9,000,000

Cap Rate
1.92%
Gross SF
29,110
Price/Gross SF
$309.17
Lot Size
0.84 acres
Year Built
1930
Rentable SF
29,110

Investment Highlights

  • Partially Renovated – Conceptual Plans for Creative Improvement
  • Attractive Underlying Value
  • Multi-Unit Industrial/Creative Complex
  • High-Visibility – Corner of Santa Fe and 28th
  • Charismatic Buildings – Glass Façade, Bow Truss Roof, Brick Construction
  • Desirable Location South of Arts District and Fashion District

Investment Overview

This sale offers the opportunity to purchase a multi-unit industrial/creative complex in a desirable location south of Downtown Los Angeles and proximate to the Arts District. Charismatic buildings, high-visibility and attractive underlying value make this property suitable for investors and owner/users alike. The subject property, 2800-2850 S Santa Fe Avenue and 2404-2406 E 28th Street in Vernon, CA, is comprised of two parcels for a total of 36,616 square feet of land. The property has been improved with three structures, encompassing 29,110 square feet of rentable building area, and is currently configured for 5 tenants. The possibilities for this property are numerous. 2808-2850 Santa Fe Ave is a 1930-constructed, brick warehouse with a bow truss roof and glass façade. The building is 23,200 square feet and has a clear height of 13’. Currently configured for two tenants, there are entrances along Santa Fe Ave and loading doors at the back of the building. The architecture is attractive and unique. The original glass façade still exists under a wood/stucco cover, and will transform this building when brought back to life. The red brick construction and bow truss roof give irreplaceable character. The interior has been partially renovated and offers an attractive and functional space for numerous uses. There is approximately six feet between the back of the building and the alley that has been used for parking, loading and storage. This space could potentially be reconfigured to a common outdoor area while maintaining functionality of the roll-up doors. 2404-2406 28th St is a 5,140 square foot wood/stucco building with a raised concrete foundation. Constructed in 1961, the building has a 12’ clear height and a large basement. Currently the property is configured for two tenants, access is by way of 28th St. There is a small roll-up door on the northern unit. 2800 Santa Fe Ave is a 770 square foot wood/stucco structure with a covered front patio. The building was formerly used as a café and coffee shop. The building is currently used by one of the tenants as additional storage space as well as a venue for showcasing products. The café is still permitted with the city of Vernon and could be reopened. There is a large parking area, as well as signage, in front of the café. Situated on the southeast corner of Santa Fe Avenue and 28th Street in the city of Vernon, the site is located is an exciting area of redevelopment activity. Investors, business owners and the general population continue to be attracted to Downtown Los Angeles. Numerous redevelopment projects are currently underway, including hotels, restaurants, artist lofts, live/work spaces and more. The subject property is located 1.5 miles south of the Arts District and 1.5 miles southeast of the Fashion District, providing for desirable underlying value as activity continues to push south. 2800-2850 Santa Fe Avenue and 2404-2406 E 28th St offers the opportunity to purchase an industrial/creative complex in one of the most dynamic real estate markets in the country. The possibilities are numerous.

Exclusively Listed By

  • Derek L. Caldwell

    Vice President Investments

    (424) 405-3829

    Email Derek

    License(s): CA: 01929621

    South Bay

  • Sage Segal

    Associate

    Email Sage

    License(s): CA: 02099925

    South Bay

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