Marcus & Millichap is pleased to present 950-1000 East 60th Street in the city of Los Angeles, California. This sale offers the opportunity to purchase a 2+ acre industrial site with over 42,000 square feet of warehouse space in a desirable location of south Los Angeles.
The subject property is comprised of two parcels that have a combined area of 90,256 square feet of land (2.07 acres). Three warehouses have been constructed for a total of 42,718 square feet of rentable building area. The property features a large yard that is fenced and paved as well as abundant parking. All buildings have ground level loading doors. Utilities to the site include water, sewer and power. Electrical service is by way of two panels.
The three warehouses are as follows:
• 1000 E 60th St – front building – 20,520 SF
• 1000 E 60th St – back building – 6,468 SF
• 950 E 60th St – 15,730 SF
1000 E 60th St is occupied on a month-to-month basis. 950 E 60th St is occupied by the seller and will be delivered vacant at the close of escrow. Yard space on the eastern and southern portion of the property is occupied on a month-to-month basis.
Zoning on the site is LAM2, which is an industrial zoning designation that permits for many industrial uses as well as cannabis/marijuana uses. The site is flat and irregular shaped. The property spans from 60th Street to 61st Street allowing for complete pull-through.
Located on East 60th Street, the subject property is situated in a desirable area of south Los Angeles. The property is less than four miles from Downtown Los Angeles, fourteen miles from Los Angeles International Airport, and seventeen miles from the ports of Long Beach and Los Angeles. The site is two miles away from a freeway access point and is convenient to Los Angeles freeway network.
950-1000 East 60th Street offers the opportunity to purchase a three-warehouse industrial property with a large yard in a desirable location. The subject property has attributes that provide for functionality and long-term value and is well suited for owner/users and investors alike.
*Note - In addition to the subject property (950-1000 E 60th St), the listing agent has the neighboring property available for sale (912-938 E 60th St.) See display in this marketing package.
