Basics Details
- Date added: Added 6 months ago
- Type: Industrial
- Building Area: 9,516 sq ft
- Lot size, sq ft: 9,685 sq ft
- Zoning:
- # Of Units:
Description
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Description:
Two Joined Warehouses in Opportunity Zone!
Premium Industrial Investment in Los Angeles’ Dynamic 90021 Corridor. Previously used a cannabis facility.
Exceptional opportunity to acquire two contiguous industrial properties—1410 & 1412 Elwood Street—in the heart of Los Angeles’ 90021 industrial district. Ideally positioned for owner-users or investors seeking an infill SoCal industrial asset with value-add potential.
Currently vacant and ready for your business to move in!
Property Highlights
Two parcels: APNs 5167-016-031 & 5167-016-032
Combined building area: ±9,516 SF
Combined lot size: ±9,685 SF (0.22 AC)
Built circa 1955—character industrial shell in revitalizing zone
Zoning: “X” Industrial per assessor
Prime location near Downtown LA, the Arts District & major transit arteries—ideal for manufacturing, distribution, logistics, or creative hybrid uses (potential cannabis use, buyer to verify)
Opportunity Zone Advantage
Located within a Qualified Opportunity Zone (OZ) offering significant tax benefits:
Deferral of capital gains via Qualified Opportunity Fund (QOF) investment
Step-up in basis with long-term hold, and potential exclusion of appreciation gains after 10 years
This OZ designation enhances the property’s appeal by combining strong fundamentals with tax-efficient investment potential. Buyer to verify eligibility.
Strategic Location & Market Dynamics
Within the 90021 ZIP—one of LA’s most active industrial micro-markets
Close to Ports of LA/Long Beach and major freeways (I-10, I-5, 101)
Growing demand for small-lot industrial and hybrid creative uses amid tightening supply
Value-Add & Upside
Owner-users: control occupancy costs, build equity, and expand operations
Investors: reposition for higher-use or creative-industrial conversion; leverage OZ tax benefits
Hold long term or stabilize with tenant for durable cash flow and appreciation
Ideal Buyer Profile
Manufacturing or distribution users seeking a central LA address, or investors targeting Opportunity Zone tax advantages and future redevelopment upside. Possible cannabis use—verify with city.
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