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Rare South LA Owner/User Automotive Site 235 W 24th St 4,000 SF Industrial Building Los Angeles, CA 90007 $1,840,690 CAD ($460.17 CAD/SF)
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
| Price | $1,840,690 CAD | No. Stories | 1 |
| Price Per SF | $460.17 CAD | Year Built | 1949 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 11’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.18 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 4,000 SF | ||
| Zoning | C2-2D-CPIO | ||
| Price | $1,840,690 CAD |
| Price Per SF | $460.17 CAD |
| 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 | C2-2D-CPIO |
Amenities
- Fenced Lot
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Industrial Building, private fenced secured yard/parking, C2-2D-CPIO zoning.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 235 | 4,000 SF | Industrial | - | Now |
1st Fl - 235
| Size |
| 4,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - 235
| Size | 4,000 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Industrial Building, private fenced secured yard/parking, C2-2D-CPIO zoning.
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5126-021-005 | Improvements Assessment | $512,412 CAD |
| Land Assessment | $1,537,239 CAD | Total Assessment | $2,049,651 CAD |
Property Taxes
Parcel Number
5126-021-005
Land Assessment
$1,537,239 CAD
Improvements Assessment
$512,412 CAD
Total Assessment
$2,049,651 CAD
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Rare South LA Owner/User Automotive Site | 235 W 24th St
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