Remarks

Plucking the details from the original purchase appraisal from 2001, this one story steel frame & stucco industrial building located in the Poly-High district is Zoned CS. The property is situated on a generally level lot of approximately 10,020 sqft lot (0.23 acres). Nestled mid-block off MLK Jr. Ave. it has 2 primary points of egress/ingress, one from Martin Luther King Jr. Ave and one from the back alley. The adjacent properties are generally residential in nature with the site presenting ample frontage and visibility from the paved/ improved public street. Poured reinforced slab concrete foundation, steel and wood beams with an open span make the space adaptable for many uses. Flat composition roof, which according to the seller has been updated but, must be verified by the buyer via their inspection. Ample wood & metal frame windows flood the interior with plenty of natural, healthy light from both the east & west exposure. They also contribute cross ventilation in the absence of a HVAC system. The plumbing system is a combination of both galvanized & copper piping. There is currently no integrated building fire sprinkler system. There are 3 sets of small restrooms w/ the possibility of the addition of one more. However, none of which are likely ADA compliant. The interior illumination is a combination of passive natural lighting from the multiple, functional windows; plus overhead energy saving fluorescent fixtures powered by the buildings' 400 amps electrical system. The strength & stability of the wood & steel frame construction lends to the interior floor plans versatility and will accommodate and adapt to a variety of tenant layout & configurations. 4 roll-up loading doors open to a truss height of between 9-11 feet. The parking area is a covered carport and is behind a manually operated, metal sliding security gate. The gated space can accommodate approximately 10-12 vehicles. Additionally, there is both street & alley parking. There is an enclosed office area finished with laminate flooring, overhead lighting and a lockable passage door which is segregated from the general 'shop' floor of one of the units. There is another 'inner' office with a passage door directly accessible from the street might serve as another private office. All typical and necessary public utilities are available to the site including gas, water, electric, sewer and telephone.

Details

MLS#: PW25043820
Price: $1,600,000

Sq Ft: 7960.00
Year Built: 1961

County: Los Angeles