538-540 S. San Pedro St, Los Angeles, CA
Industrial for Sale - 17,200 Sq. Ft. on 0.32 acres
Property Info
CIMLS# | 923364 |
Location 538-540 S. San Pedro St Los Angeles CA 90013 | |
Updated | November 2nd, 2017 |
Type | Industrial |
Price | Upon Request |
Building | 17,200 Sq. Ft. |
Land | 0.32 acres |
Property Description
Global Commercial Real Estate is pleased to present for sale 538-540 S. San Pedro Street. Subject property consist of a 17,200 SF 2 story brick building situated on 13,721 SF of M2 zoned land. Less than one miles away from one of the most vibrant pockets of Los Angeles - LA Live. Attractively priced the property offers developers and investors the opportunity to capitalize on a low income housing conversion project. Subject properties are located within the downtown greater Housing Incentive Area. The City's Adaptive Reuse Program works by streamlining the process developers must follow to get their projects approved, resulting in substantial time saving. Located on the same block as the recently developed $28 million Gateways Apartments, at the corner of 5th and San Pedro streets, has amenities such as an open-air atrium, solar panels and a smoking lounge with its own filtration system. The eye-catching design contrasts sharply with the more institutional facades of the nearby homeless shelters.
Location Description:
Two story industrial property with high dock loading
Newly updated offices on the first floor
Ample storage space
High dock loading
Conveyer belt system
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