PIco Union Industrial -3 bld Portfolio | 1506-1522 W 12th St
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PIco Union Industrial -3 bld Portfolio 1506-1522 W 12th St
28,313 SF Vacant Industrial Building Los Angeles, CA 90015 $8,995,000 ($318/SF)
Investment Highlights
- Rare Industrial Asset near DTLA - Pico Unio Submarket
- 25 FT Ceilings w/ Multiple Ground Level Doors & Points of Entry
- 40 Parking spaces
- 3 Contiguous Buildings - Easily Divisble - Multiple Curb Cuts
- No Deferred Maintenance
- Potential Development
Executive Summary
Coldwell Banker is pleased to present the 3 building industrial (1506-1522 W. 12th Street) & 12,500 sf parking / development corner lot with R4 zoning (1507 W. 12th Pl).This trophy property is located in the heart of Pico Union, just minutes away from Crypto.com & Convention Center. The property sits on roughly 25,000 sf of ground floor with approx.3,300 sf of mezzanine / office space with separate restrooms, totaling approx 28,000. The industrial space is well maintained and in turn key status. Ceiling heights reach up to 25 ft. with skylights and offices overlooking warehouse space. Space can ideally be used in full or divided into 2 or 3 separate creative /industrial spaces with partitions. Warehouse space also offers 3 role up gates in front and back. Additionally, there boasts a 12,500 sf corner parking lot with 40 parking spaces which is also zoned R4 and potential development. Property is currently owner occupied and can be delivered vacant at COE. Opportunities are endless.
Property Facts In Escrow
Amenities
- Bus Line
- Fenced Lot
- Front Loading
- Mezzanine
- Skylights
- Reception
- Storage Space
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,093,465 | |
| Land Assessment | $1,078,966 | Total Assessment | $2,172,431 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,078,966
Improvements Assessment
$1,093,465
Total Assessment
$2,172,431
zoning
| Zoning Code | C2-2 (Tier 2 TOC, 94 Units 'by right', 150 using density bonuses. 4.35:1 Max FAR) |
| C2-2 (Tier 2 TOC, 94 Units 'by right', 150 using density bonuses. 4.35:1 Max FAR) |
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Peter Shamouil -
Ellie Kohan -
Coldwell Banker Commercial
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PIco Union Industrial -3 bld Portfolio | 1506-1522 W 12th St
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