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1000 Lawrence St - DTLA Adaptive Reuse Development Site 0.51 Acres of Commercial Land Offered at $9,999,999 in Los Angeles, CA 90021
Investment Highlights
- Potential Development Site: Executive Directive 1 (ED1) Designation (Adaptive Reuse)
- Currently a Cold Storage/Warehouse/Distribution Facility
- SBA 504 and 7(a) Eligible and Designated Opportunity Zone Location
- Prime DTLA Produce/Arts District Location
Executive Summary
Potential development site: ED1 designation fast-tracks 100% affordable housing adaptive reuse projects. Prime DTLA Produce/Arts District location. Currently a ±19,908 SF cold storage facility on approx. half an acre. Configured for active food distribution and logistics use. Two refrigerated storage rooms; Two loading docks and ±25 foot clear height. Two mezzanines (ideal for additional storage, light assembly, or office overflow). Office/administrative space. Multiple ingress and egress points. SBA 504 & 7a eligible. Located in an Opportunity Zone (tax benefits).
Property Facts
| Price | $9,999,999 | Proposed Use | |
| Sale Type | Investment or Owner User | Total Lot Size | 0.51 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | LA M3-1-RIO | ||
| Price | $9,999,999 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.51 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | LA M3-1-RIO |
1 Lot Available
Lot
| Price | $9,999,999 | Lot Size | 0.51 AC |
| Price Per AC | $19,454,229.06 |
| Price | $9,999,999 |
| Price Per AC | $19,454,229.06 |
| Lot Size | 0.51 AC |
Approximately half an acre lot in the DTLA Produce/Arts District with an existing ±19,908 SF industrial property.
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5166-030-007 | Improvements Assessment | $940,124 |
| Land Assessment | $1,501,281 | Total Assessment | $2,441,405 |
Property Taxes
Parcel Number
5166-030-007
Land Assessment
$1,501,281
Improvements Assessment
$940,124
Total Assessment
$2,441,405
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1000 Lawrence St - DTLA Adaptive Reuse Development Site
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