1808 58th Pl - Ideal Truck Parking or Development Site 0.95 Acres of Industrial Land Offered at $4,500,000 in Los Angeles, CA 90001

Back on the market! 41,420 SF asphalt paved lot ideal for truck/trailer parking. Potential development site. Includes 4,090 SF 2-story concrete block building built 1995. Ground floor warehouse plus first and second floor offices with lobby, kitchenette, and restrooms. Block-to-block property between 58th Place and Randolph Street. Located across from Lillian Street Elementary School and Genesis Metals & Hardware Supply. Midway between the 110, 710 and I-10 Freeways. Also available for lease at $24,000 per month ($0.58 per SF). Note regarding zoning: The property was rezoned in 2023 to MU-T (Mixed Use Transit) in the Florence-Firestone TOD Specific Plan. This zone would not allow establishment of a new industrial use such as outdoor storage. The existing permitted use may be maintained until 2043, or the site may be redeveloped for commercial, residential, or mixed use as allowed in the MU-T zone (review Table A under Zoning Code Section 22.418.050 – TOD Mixed Use Zones).