235 W 24th St - Service FOR SALE


Los Angeles, CA 90007- West Adams
$1,325,000 USD
562-708-8994
235 W 24th St, Los Angeles, CA for Sale
$1,325,000 USD
Service - FOR SALE
1/2
null | Request Cap Rate

NEW


235 W 24th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • 4,000 SF freestanding masonry building on 7,841 SF fenced lot
  • Established automotive use history
  • Drive-in door (10' × 12') and 200A / 120-240V electrical service
  • Owner/user-priced at $331/SF | SBA 504 financing pencils to under $2.10/SF/mo
  • Infill Central LA location near USC University Park, I-110 and I-10 freew
  • 90007 zip code — dense residential trade area with established commuter patterns

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Rare South LA Owner/User Automotive Site

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

UTILITIES

-

CLEAR CEILING HT

11 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18

LAND SF

7,841

ZONING

C2-2D-CPIO

APN/PARCEL ID

5126-021-005

ASK ABOUT THIS PROPERTY

Tyler PortmanGM Properties, Inc.More Info
562-708-8994

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Tyler PortmanGM Properties, Inc.More Info
562-708-8994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.