1515 E 15th St
Los Angeles, CA 90021
Industrial Property For Sale

• ±245,000 SF Building on ±101,930 SF Land (Per the building plans attached, the building consists of ±99,222 SF 1st floor, ±99,222 SF 2nd floor and ±82,451 SF basement area. The basement was originally built with ±35,000 SF of parking area and ±47,451 SF of warehouse area for a total space of ±245,000 SF. The previous tenant needed more parking so they converted ±15,000 SF of the basement to parking area leaving ±31,000 SF of warehouse area in the basement. If the tenant/buyer operates the building as the previous tenant did, then the building space is ±229,000 SF. If the tenant/buyer converts the ±15,000 SF basement area back to warehouse space, then the building area is ±245,000 SF. Buyer/Tenant should verify if the entire basement can be legally converted to parking. The Lee & Associates® marketing package estimates the building space as ±245,000 SF for marketing purposes. Because the building is irregular in size and very hard to measure, Buyer/Tenant should review the attached plans with their Architect and verify the exact useable square footage of the building. Per the attached building plans, the square footage does include the interior loading dock area on the first floor) • Ideal for User or Investor • Tremendous Value Add Investment Opportunity for Investor to Change to Higher Use - Creative Office, Divide for Multi-Tenant Creative Industrial, Self Storage, Land Bank for Future Development (All Potential Uses Subject to City Approvals) • Rare Large 2 Story Building with Basement Parking (Exact Spaces needs to be Determined by Tenant/Buyer) • 5,000 Amps Power (Buyer Tenant Must Verify) • Full HVAC for Floors 1 & 2 (Verify) • 10 Dock High • 3 Elevators - 2 Passenger, 1 Freight • Potential for Fashion, Design, Creative Uses, Warehouse (Subject to City Approvals) • Central LA Location - Minutes from Downtown Core & The Arts District • Arts District Adjacent: Alameda Street at 10 Freeway • M2-2D Zone; State Enterprise Zone (Tenant/Buyer must Verify); CD 14- Jose Huizar • Prime 10 Freeway Signage Available • Minimum Clearance on 1st Floor is 16’ Plus (Verify) • Minimum Clearance on 2nd Floor is 17’ Plus (Verify) • Located in New Opportunity Zone (Buyer Should Research Tremendous Potential Benefits)