Property Overview

• Square Feet: 59,689
• Sale Price: $9,251,795
• Cost/SF: $155

Property Description

This flex industrial property in South Los Angeles offers 59,689 square feet of space, making it a strong investment opportunity for businesses in manufacturing, storage, or creative industries. Priced at $9.25 million, the property features extensive capital improvements and heavy power capacity, making it ideal for high-demand operations.

Benefits of Building Location

• Strategic Location: Positioned in South LA with access to major highways and business districts
• Heavy Power: 1,400A/240V 3P 3W with a pending 4,000 Amp upgrade
• Zoning Flexibility: M2 zoning, allowing for light manufacturing, warehouse, and cannabis-related businesses

Key Features

• Type: Flex Industrial/Warehouse
• Building Size: 59,689 sq. ft.
• Land Area: 1.36 acres
• Clear Height: 18 feet
• Loading Docks: 4 dock-high doors
• Drive-Ins: 1 grade-level door
• Construction Type: Concrete and metal
• Sprinklers: Security system installed
• Utilities: Water, Sewer, Gas, Internet Available
• Parking Ratio: 1.34 per 1,000 SF
• Power: Heavy industrial capacity
• Rail Access: Not available
• Cranes: Not available
• Truck Wells: Available
• Office Space: Not specified
• Zoning: M2 – Cannabis Eligible
• Year Built: 1927 (Renovated in 2022)
• Class: B
• APN/Parcel ID: 6007-006-024

Comparable Properties

• 3201-3215 S Broadway – 8,360 SF, Rent Upon Request (Industrial)
• 5701-5709 S San Pedro St – 9,746 SF, $1,995,000 (Industrial)
• 3837-3841 Broadway Pl – 14,800 SF, $3,900,000 (Industrial)

Property Advantage

• Opportunity Zone: Eligible for preferential tax treatment
• Business-Friendly: South LA is seeing increased industrial and commercial activity
• Investment Potential: Strong demand for flex space in Los Angeles

Purchase Opportunity

615 E 61st St presents a high-value investment for businesses seeking industrial or creative space in a thriving market. With heavy power capacity, zoning flexibility, and recent renovations, this property is well-positioned for owner occupancy or income-generating investment.