Los Angeles Portfolio of properties for Sale - Mid-Cities
Marcus & Millichap is pleased to present a rare opportunity to acquire one or more properties within a five-parcel industrial portfolio strategically located just south of Downtown Los Angeles. This unique assemblage has frontage on three streets and spans an entire block from S Broadway to S Hill Street and consists of four buildings situated on five parcels totaling 22,060 square feet of improvements and 26,687 square feet of land. Zoned C2-2D-O-CPIO, Tier 3 TOC, the offering provides exceptional flexibility for owner-users, investors, and developers seeking immediate occupancy, repositioning opportunities, or long-term value creation.
The portfolio benefits from a dense infill location with strong surrounding demographics and proximity to major employment hubs, including the University of Southern California (USC), one of the region’s largest institutions and economic drivers. The portfolio is also within proximity to major Downtown attractions, including the Los Angeles Convention Center and Crypto.com Arena. Within a three-mile radius, the population exceeds 552,620 residents with an average household income of $70,872. The properties offer excellent connectivity to the 10 and 110 Freeways, ensuring efficient access throughout Greater Los Angeles. Additionally, the site boasts a 92 Walk Score (Walker’s Paradise) and a 94 Transit Score (Rider’s Paradise), underscoring its prime urban location.
Over the past two decades, the Central Los Angeles Industrial Submarket has undergone a dramatic transformation, shifting from a traditional industrial base to a vibrant mixed-use environment. Redevelopment initiatives have eliminated more than 11 million square feet of industrial space, replacing it with 40,000 new housing units, 5 million square feet of creative office, and 3.5 million square feet of modern logistics facilities. This evolution has created a significant supply constraint for industrial properties in the Downtown core, driving long-term value for existing assets. Despite the reduction in inventory, the area remains a critical hub for manufacturing and distribution, supported by unparalleled connectivity to the ports of Los Angeles and Long Beach via the Alameda Corridor, a 20-mile freight rail expressway that serves as a backbone for regional logistics.
