LOS ANGELES,CA
3132 E PICO BOULEVARD,
LOS ANGELES,CA 90023
3132 E Pico Boulevard, Los Angeles, CA 90023
Address:
Property Type:
Vacant
Price:
$2,800,000
Building Square Feet:
10,000 SF
Lot Size:
0.33 Acres
Price Per Square Foot:
$280.00
Year Built:
1954
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About the Property
10,000-Square-Foot Industrial Property Situated on 0.33 Acres of Land
Owner-User or Investor Lease Up Opportunity
Features Bow Truss Ceiling with 13’-18’ Clear-Height, One (1) Dock High Loading Door and One (1) Ground-Level Door
Renovated in 2024 with New HVAC, Three-Phase Power, and 1,500 SF of Brand New Office
About the Location
Situated Within the Vernon Submarket Which Boasts a Staggering 84.5 million Square-Feet of Industrial Product
Strategically Located with Direct Access to Interstate 5 and 10
Less than 20 Miles from Downtown Los Angeles, LAX, and the Ports of Los Angeles/Long Beach
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3132 E Pico Boulevard in Los Angeles, California. The subject property consists of approximately 10,000 square feet of industrial warehouse space and is situated on 0.33 acres of land. This single-tenant asset features reinforced concrete construction, a bow truss ceiling with a clear height of 13’-18’, along with one (1) dock high loading door, one (1) ground-level door, and a brand new HVAC and three-phase power. With a secure and fended yard with ample parking, the vacant property can easily accommodate an owner-user with a high-traffic business. Located less than 5 miles from Downtown Los Angeles, the property has direct proximity to major thoroughfares including Interstate 5 and 10. For sale as vacant, the property is ideal for owner use or as a lease-up investment opportunity
The subject property is situated within the Vernon Submarket which boasts a staggering 84.5 million square feet of industrial product. The City of Vernon prides itself on being “exclusively industrial” and is relatively amenable to industrial development, easing some of the challenges with entitlements and permitting. However, the submarket has had a modest amount of industrial development, particularly for smaller warehouses which means that vacancies and rents will be unaffected by new supply for the foreseeable future (CoStar).
Investment Overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2024 Marcus & Millichap. All rights reserved.