|Price/Rent PSF||$ 7,775,000.00|
|SQ. FT. Available||900|
The property is located on the corner of 24th Street and Long Beach Avenue in Los Angeles near Vernon.
The Subject Property is an approximately 51,662 square feet (1.18 Acres) vacant land parcel located on the corner of Long Beach Avenue and East 24th Street less than 2 miles south of the Fashion District of Downtown Los Angeles. The property is zoned M3 (Heavy Industrial) and is currently used as a recycling and storage yard. The lot comes equipped with 800 amps of power and a large onsite transformer.
The property is located within the allowable buffer area of Los Angeles City’s Commercial Cannabis Location Restriction Ordinance. Sometimes, referenced to as the “Blue Zone”, this property’s range of allowable cannabis activity is further enhanced by its M3 zoning.
Currently the property is being utilized as an overflow storage yard by Central Metals, a metal recycling company, and can be vacated by the close of escrow.