Property details
Propery Type:
Industrial
Address:
326 W 58th St Los Angeles, CA 90003
Offering Price:
$2,995,000
Units:
Cap Rate:
5.42%
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 326-330 W 58th Street, two industrial buildings totaling 18,498 square feet situated on a 0.54-acre parcel immediately adjacent to the Harbor Freeway (I-110). Consisting of the original 9,250-square-foot masonry building at 326 W 58th Street and a newly rebuilt 9,248-square-foot metal industrial building at 330 W 58th Street completed in 2024, the Property combines modern functionality with flexible multi-tenant occupancy. Featuring five grade-level loading doors, clear heights ranging from 16 to 26 feet in Building 326 and 22 to 25 feet in Building 330, and both single-phase and three-phase power, the Property offers functionality rarely found in comparable South Los Angeles industrial product. The offering 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 63% vacant (contact agent regarding the status of tenancy in Suite 326), the Property provides a rare combination of immediate occupancy and in-place income. Approximately 11,562 square feet is available for immediate occupancy, while the remaining suites continue to generate rental revenue, allowing an owner/user to occupy a substantial portion of the Property while benefiting from existing cash flow. The two-building configuration creates operational flexibility unavailable in a traditional single-tenant acquisition, allowing a buyer to occupy one building while retaining the other as an income-producing asset or gradually expand occupancy as tenant space becomes available. For investors, the existing vacancy presents a clearly defined lease-up opportunity in a highly supply-constrained infill industrial market.The Property's single-story design is a significant competitive advantage, providing 18,498 square feet of usable industrial space. Functional industrial features include five grade-level loading doors, clear heights ranging from 16 to 26 feet in Building 326 and 22 to 25 feet in Building 330, and separately metered single-phase and three-phase electrical service. The secured concrete-paved ±80' x 113' yard provides practical staging, storage, maneuvering, and parking functionality, accommodating approximately 10 to 14 vehicles while maintaining full access to all five roll-up doors. 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. Zoned C2-2D-CPIO, the Property also offers long-term flexibility for a variety of industrial, manufacturing, contractor, storage, showroom, and creative uses.Located one block from the signalized intersection of Slauson Avenue and South Broadway and directly adjacent to the Harbor Freeway (I-110), the Property benefits from exceptional regional accessibility and visibility. With convenient access to Downtown Los Angeles, Vernon, and the Ports of Los Angeles and Long Beach, the offering is strategically positioned within one of Southern California's most densely populated and supply-constrained industrial corridors. Combined with the recent redevelopment of Building 330, functional loading, high-clear warehouse space, secured yard area, immediate occupancy potential, and below-replacement-cost basis, 326-330 W 58th Street presents a compelling opportunity for both owner/users and investors seeking efficient infill industrial product in the South Los Angeles market.

Location
Gallery
No items found.
Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Contact Us

326 W 58th St

Los Angeles, CA
90003
Click to Download
Marketing Package