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$ 2,495,000
Est. payment /mo
Price Dropped by $200K
3130 S Broadway Los Angeles, CA 90007
8,180 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26989109
HOA Y/N No
Year Built 1950
Lot Size 8,180 Sqft
Property Description
KW Regional Advisors presents a rare opportunity to acquire three contiguous industrial buildings 3100 S. Broadway, 3130 S. Broadway, and 124 W. 31st Street offered together as a single transaction just south of the Downtown Los Angeles core. The combined offering totals 17,860 SF of building area across three structures on 22,216 SF (0.51 acres) of M1-zoned land. Built between 1950 and 1952, the three buildings have operated for decades as one flexible site, most recently by the ownership family as an owner/user. After the family retired from active use, the property became vacant and is now offered as-is, in value-add condition, priced well below market value. The property requires substantial renovation and repairs. Buyers should plan and budget accordingly. The site has new perimeter fencing and is ready for sale. The property sits within the Central Los Angeles industrial corridor, in close proximity to the Downtown Los Angeles core roughly a dozen blocks from the Santa Monica Freeway (I-10) with easy access to the broader downtown freeway network, including the Harbor Freeway (I-110), the Hollywood/Santa Ana Freeway (US-101), and the Golden State Freeway (I-5), all of which converge in the downtown core just north of the site. This central location, wide-ranging freeway access, and the flexible layout across the three contiguous buildings position the property well for distribution, storage, or light industrial use serving the greater Los Angeles basin. At $2,995,000 ($167.69 PSF), the offering is priced roughly 35% below the trailing 24-month median of $260.68 PSF for comparable Central Los Angeles industrial sales under 30,000 SF (Source: CoStar sales-comp data) an aggressive basis for a well-located, multi-building assemblage. Call Listing Agent for a complete OM, property tour, or additional detail.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAM1
Interior
Fireplace No
Exterior
Community Features Gated
Building
Story 1
Others
Tax ID 5122005017
Security Features Gated Community
Special Listing Condition Standard
Listed by David Moskowitz Keller Williams World Media Cn #01372552