332-340 S Avenue 17 34,325 SF 100% Leased Industrial Building Los Angeles, CA 90031 $14,789,196 CAD ($430.86 CAD/SF)

332–340 S Avenue 17 presents a compelling opportunity to acquire a versatile industrial asset in one of Los Angeles’ most dynamic and evolving creative districts. Positioned within the Cornfield Arroyo Seco Specific Plan, the property sits amid a wave of adaptive-reuse momentum and urban revitalization that continues to reshape the Lincoln Heights landscape. This strategic setting offers both secure, immediate cash flow and outstanding long-term potential for redevelopment, mixed-use integration, or a hybrid owner-user configuration.
Comprised of four industrial units across several structures built between 1928 and 1955, the property features robust infrastructure including heavy electrical capacity estimated at 2,800 amps, multiple ground-level loading positions, and cooling systems installed throughout all units. The buildings are supported by a gated parking lot with 38 spaces, an increasingly valuable attribute in the dense urban core. The approximate 41,250-square-foot lot provides frontage along Avenue 17 and proximity to key regional access routes, enhancing ease of operations for a wide range of industrial, production, and creative tenants.
Current tenants include Possible Inc., LA Opera, and Dolan Group, representing a mix of creative production, fabrication, and institutional uses that highlight the enduring demand for flexible industrial space in this submarket. The asset’s existing gross income of approximately $600,000, combined with its potential for repositioning or partial owner occupancy, positions it as a standout candidate for investors evaluating 1031 exchanges or mixed-strategy acquisition models.
Beyond its income profile, the property benefits from its designation within an Opportunity Zone and the UV Urban Village zoning classification, both of which support a wide array of future development pathways subject to verification. Its adjacency to the Brewery Arts Complex, LA State Historic Park, Chinatown, and the Arts District reinforces steady tenant demand and deepens its long-term value trajectory.