Log In/Sign Up
Your email has been sent.
235 W 24th St
Los Angeles, CA 90007
Rare South LA Owner/User Automotive Site · Industrial Property For Sale
Investment Highlights
- 4,000 SF freestanding masonry building on 7,841 SF fenced lot
- Drive-in door (10' × 12') and 200A / 120-240V electrical service
- Infill Central LA location near USC University Park, I-110 and I-10 freew
- Established automotive use history
- Owner/user-priced at $331/SF | SBA 504 financing pencils to under $2.10/SF/mo
- 90007 zip code — dense residential trade area with established commuter patterns
Executive Summary
GM Properties is pleased to present 235 W 24th Street, a rare 4,000 SF freestanding owner/user opportunity in Central Los Angeles. The masonry building sits on a 7,841 SF fenced lot with a 10' × 12' drive-in door, 200A power, and 6 surface parking spaces — a functional, automotive-capable configuration with established use history and a clean LADBS code enforcement record.
Zoned C2-2D-CPIO and located within a Transit Priority Area (parking minimums waived under AB 2097), the site offers both immediate owner/user utility and long-term redevelopment optionality under the LA Housing Element / AB 2011 framework.
Priced at $1,325,000 ($331/SF). SBA 504 financing available. Buyer to independently verify zoning, entitlements, and use eligibility with the City of Los Angeles.
Zoned C2-2D-CPIO and located within a Transit Priority Area (parking minimums waived under AB 2097), the site offers both immediate owner/user utility and long-term redevelopment optionality under the LA Housing Element / AB 2011 framework.
Priced at $1,325,000 ($331/SF). SBA 504 financing available. Buyer to independently verify zoning, entitlements, and use eligibility with the City of Los Angeles.
Property Facts
| Sale Type | Owner User | Year Built | 1949 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service | Parking Ratio | 1.5/1,000 SF |
| Building Class | C | Clear Ceiling Height | 11’ |
| Lot Size | 0.18 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 4,000 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | LAM1 | ||
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.18 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Tenancy | Single |
| Parking Ratio | 1.5/1,000 SF |
| Clear Ceiling Height | 11’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | LAM1 |
Amenities
- Fenced Lot
Property Taxes
| Parcel Number | 5126-021-005 | Improvements Assessment | $370,360 |
| Land Assessment | $1,111,083 | Total Assessment | $1,481,443 |
Property Taxes
Parcel Number
5126-021-005
Land Assessment
$1,111,083
Improvements Assessment
$370,360
Total Assessment
$1,481,443
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
