1632 W 11th St
Los Angeles, CA 90015
Industrial Property For Sale

Costar Underwriting Report shows a valuation of $1,788,500! MOTIVATED SELLER REDUCED THE PRICE TO $1,500,000!!! - TONS OF POTENTIAL : NEARLY ENDLESS POSSIBILITY! Rare opportunity for commercial / industrial / light manufacturing / warehouse property with potential for mixed use residential, multi-family, and retail in the City of Los Angeles, Downtown Los Angeles. The property is zoned C1 (Buyer to verify) which allows limited commercial local retail stores less than 100,000 sq. ft., offices or businesses, hotels, hospitals and/or clinics, parking areas, R3 uses, and CR uses except for churches, schools, and museums. CR zoning allows banks, clubs, hotels, churches, schools, business and professional colleges, child care, parking areas, and R4 uses; R4 zoning allows churches, schools, child care, and homeless shelters; R3 zoning allows multiple dwellings, apt. houses, child care (20 max.) and R2 uses; R2 zoning allows for two family dwellings, home occupations, as well as R1 uses; R1 zoning allows for one-family dwelling, home occupations, as well as RS uses; and RS zoning allows for suburban, one-family dwellings, parks, playgrounds, community centers, truck gardening, and home occupations. Needless to say, there are a lot of possibilities with this property. (Buyer to verify all zoning codes and allowed uses on the property with the City of Los Angeles). *See attached supplements for more information. There are a lot of possibilities with this property. Buyer to verify all zoning codes and allowed uses on the property with the City of Los Angeles. See attached zoning information in the supplements as well as other reports including title report, realist report, and a lot of other information. Across the street is an elementary school. The property was improved on the inside without permits by previous Tenant (Buyer to verify permits). Photos are of the wide open interior warehouse without any interior walls.