Property Listing No Longer Available for Sale

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
UpdatedNovember 2nd, 2017
TypeIndustrial
PriceUpon Request
Building17,200 Sq. Ft.
Land0.32 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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Financials