Property Detail

Description

NEW LOWER PRICE: Older Industrial property in Downtown L.A. located at 3400, 3406 and 3410 Union Pacific Ave. in 90023 Zip code. Property consists of 3 side-by-side parcels. Total building sq. footage is 5,783 Sq. ft. and built in 1930, 1942 and 1947 The rectangular shaped site is comprised of three contiguous rectangular parcels totalling 13,990 square feet. Property is zoned LAM3. New Roofs installed within the last 6 months. Rent is $4,400/mo. Last rent increase 9/1/23. 3410 Union Pacific does not currently have electricity and is used for storage for 3406 Union Pacific. There is a discrepancy between public records and the on-site measurement of the subject building improvements. While public records indicate the subject to be a cumulative 10,094 square feet, the on-site measurement revealed the subject to only be 5,783 square feet. The nature of this discrepancy appears to be attributable to public records inclusion of a large 4,000+ square foot storage space covered with corrugated metal roofing the back southeastern part of the Property . Two Phase 200 amps Under current zoning the subject property is required to have 20 on-site parking spaces and is considered legal non-conforming with only six spaces. Seller will respond to all offers.