Park Industrial Realty is pleased to present 1626 E 23rd St, Los Angeles, CA 90011, a 6,609-square-foot M1-1 zoned land parcel located just south of Downtown Los Angeles. The property represents a rare small-lot industrial land opportunity suitable for an owner-user, developer, or investor seeking a centrally located site with convenient access to Downtown LA and surrounding industrial markets.
The site is currently improved with a 1,260-square-foot residential house generating $2,900 per month on a month-to-month tenancy, providing interim rental income while a buyer evaluates future use or redevelopment options.
Offered at $750,000, or approximately $113.48 per land square foot, the property provides an opportunity to acquire industrial-zoned land with existing income in a central Los Angeles location.