Property details
Propery Type:
Industrial
Address:
314 W 58th St Los Angeles, CA 90037
Offering Price:
$3,585,000
Units:
Cap Rate:
5.83%
Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Stefan Ignjatovic
Director Investments
(424) 405-3834
Contact Us
Investment Highlights

Marcus & Millichap is pleased to present 314 W 58th Street, together with the dedicated gated parking parcel at 309 W 58th Street, a 27,572-square-foot multi-tenant industrial building strategically located one block from the signalized intersection of Slauson Avenue and South Broadway. Built in 1925, the two-story masonry structure features two grade-level loading doors, rooftop solar, flexible multi-tenant configurations, and a dedicated 6,052-square-foot gated parking lot providing approximately 18 parking spaces. The Property is one of three contiguous industrial assets along W 58th Street and Slauson Avenue, and part of a four-property industrial portfolio from the same ownership, that may be acquired individually or in combination, creating potential assemblage and long-term redevelopment opportunities, subject to buyer verification.Currently approximately 26% occupied, the Property offers a rare opportunity for near-term control of virtually the entire building. Seven vacant suites totaling approximately 20,302 square feet and three month-to-month tenants occupying approximately 6,281 square feet provide a buyer with control of approximately 26,583 square feet, or 96% of the Property, within 30 days of closing without lease buyouts or relocation costs. Only Suite 140, consisting of 989 square feet and leased through December 2027, remains committed beyond the immediate term. This occupancy profile provides owner/users with the ability to occupy nearly the entire building while maintaining a modest income stream, while investors benefit from a clearly defined lease-up and repositioning opportunity.The Property's eleven-suite configuration offers significant operational flexibility and multiple avenues for value creation. A buyer may continue operating the building as a multi-tenant asset, phase occupancy over time, or consolidate the existing suites into a larger single-user facility. Functional industrial features include two grade-level loading doors, rooftop solar, and clear heights ranging from approximately 12 to 22 feet. Portions of the second floor feature a combination of bow-truss and sawtooth roof construction, creating varying ceiling heights, abundant interior volume, and a distinctive creative-industrial aesthetic well suited for manufacturing, fabrication, contractor, showroom, creative, storage, and service-oriented users. The accompanying 6,052-square-foot gated parking parcel provides approximately 18 parking spaces. Additionally, the Property is located within an AB 2097-eligible transit area, potentially allowing future users to accommodate more parking-intensive uses without the need to provide additional on-site parking, subject to buyer verification. Located one block from the Harbor Freeway (I-110) with convenient access to Downtown Los Angeles, Vernon, and the Ports of Los Angeles and Long Beach, the Property is situated within one of Southern California's most densely populated and supply-constrained industrial corridors.Surrounded by a population of approximately 1.19 million residents and more than 550,000 employees within a five-mile radius, the offering benefits from a deep labor pool, strong regional connectivity, and exceptional access to major transportation infrastructure. Combined with its below-replacement-cost basis, immediate occupancy potential, dedicated parking, and owner/user control, 314 W 58th Street presents a compelling opportunity for both owner/users and investors.

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Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Contact Us

314 W 58th St

Los Angeles, CA
90037
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