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718 Gladys Ave 18,200 SF 1% Leased Industrial Building Los Angeles, CA 90021 $7,200,000 ($395.60/SF)
EXECUTIVE SUMMARY
Rare opportunity to purchase freestanding building in the Fashion District. 3 floors plus basement. No roll up doors. Elevator served. Exterior brick was “repointed” in 2023. Property has private & secure parking area. Seller is willing to leaseback the top floor (approx. 25%). Tours by appointment only, contact broker.
PROPERTY FACTS
| Price | $7,200,000 | Rentable Building Area | 18,200 SF |
| Price Per SF | $395.60 | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built | 1911 |
| Property Type | Industrial | Parking Ratio | 0.55/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 10’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.32 AC | Opportunity Zone |
Yes
|
| Zoning | M2-2D - General Manufacturing Zone | ||
| Price | $7,200,000 |
| Price Per SF | $395.60 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.32 AC |
| Rentable Building Area | 18,200 SF |
| No. Stories | 3 |
| Year Built | 1911 |
| Parking Ratio | 0.55/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | M2-2D - General Manufacturing Zone |
AMENITIES
- Fenced Lot
UTILITIES
- Lighting
- Gas
- Water
- Sewer
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5146-001-030 | Improvements Assessment | $1,742,670 |
| Land Assessment | $3,225,240 | Total Assessment | $4,967,910 |
PROPERTY TAXES
Parcel Number
5146-001-030
Land Assessment
$3,225,240
Improvements Assessment
$1,742,670
Total Assessment
$4,967,910
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718 Gladys Ave
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