351 S Ave 17 & 338 S Ave 16 Portfolio 2 Industrial Properties Offered at $15,473,881 CAD in Los Angeles, CA

This fully leased industrial investment at 351 S Avenue 17 and 338 S Avenue 16 presents a rare opportunity to acquire a stabilized multi-tenant asset in the heart of Lincoln Heights, one of Los Angeles’ fastest-transforming creative and industrial districts. Encompassing approximately 41,158 square feet across two contiguous parcels, the property offers an exceptional blend of income durability, redevelopment potential, and prime positioning within the Cornfield Arroyo Seco Specific Plan, a zoning framework designed to encourage adaptive reuse, creative industrial activity, and long-term growth.
The property’s six-unit configuration is fully leased to an eclectic roster of creative, production, and artisan tenants including Keystone Art Space, Dystopian Studios, Wonzimer, Cooper R. Gross, and All 4 The Mountain. This established tenancy underscores the area’s appeal to innovative users seeking authentic industrial character, flexible workspace, and proximity to Downtown Los Angeles, Chinatown, the Arts District, Frogtown, and the LA State Historic Park.
With triple-frontage along Avenue 17, Avenue 16, and Mozart Street, the asset benefits from excellent visibility, natural light, and convenient street parking on all sides. Features such as heavy power capacity estimated at 1,800 amps, high ceilings, multiple loading positions, and sprinklered interiors enhance its long-term functional appeal for a wide range of occupiers. The property sits within a designated Opportunity Zone and the Urban Innovation zoning classification, offering investors notable tax-advantaged potential and flexible redevelopment pathways including mixed-use, creative campus, or specialty industrial concepts, subject to verification.
Priced at $11,300,000 with a going-in cap rate of 5.26 percent on existing income of approximately $842,500, this offering aligns well with investors seeking reliable cash flow in a high-barrier submarket experiencing sustained demand from media, arts, boutique manufacturing, and urban production ecosystems. Its strategic location, strong tenancy, and long-range development upside make it a compelling 1031 exchange candidate and a standout industrial holding in greater Los Angeles.