2 Buildings Approx 24,000 Sf / Over 50,000 Sf Land

Description:

Presenting a prime commercial real estate opportunity at 2405-2501 W. 3rd St., Los Angeles, CA 90057. This property encompasses two separate two-story office buildings, collectively offering approximately 23,394 square feet of versatile space. Situated on a substantial 50,193 square foot lot zoned C2/R3, the property also provides significant development potential.

The property's C2/R3 zoning allows for various commercial and residential uses, including the potential to develop up to 250 units for 100% affordable housing, aligning with the city's initiatives to address housing shortages. Recent policy changes in Los Angeles have eased zoning restrictions and encouraged new housing construction, making this property an attractive prospect for developers and investors.

The expansive frontage includes 197 feet along W. 3rd St., 263 feet along Carondelet St., and 230 feet along Park View St., ensuring high visibility and accessibility.

The building at 2405 W. 3rd St. offers approximately 14,000 square feet and is currently in shell condition, presenting a blank canvas for customization to suit various business needs. The property boasts outstanding parking facilities, with approximately 80 on-site spaces complemented by ample street parking, accommodating both employees and visitors. With traffic counts exceeding 25,000 cars per day along W. 3rd St., the location benefits from excellent exposure.

Strategically positioned less than a mile from the Westlake/MacArthur Park Purple Line Station, the property offers easy access to public transportation. Additionally, it is conveniently located near the 101, 110, and 10 freeways, facilitating seamless connectivity to Downtown Los Angeles, Silver Lake, Echo Park, and Koreatown. The property features three points of ingress and egress: two along Carondelet St. and one along Park View St., enhancing accessibility.

The surrounding area boasts excellent demographics, with over 100,000 residents within a one-mile radius and over 550,000 within a three-mile radius.

This property is perfect for an owner/user, developer, or investor seeking a versatile and strategically located asset with significant development potential in a thriving urban market






2 Buildings Totaling 23,394 SF





Sits On 50,193 SF C2/R3 Zoned Land.


Block To Block With 197 Feet Of Frontage Along W. 3rd St.


2405 W. 3rd St. Is Approx. 14,000 Sf and is in Shell Condition.


2511 W. 3rd St. Is Approx. 10,000 Sf & Will Be Delivered Vacant


Outstanding Parking with Approx 80 Current Parking Spaces OnSite, Plus Ample Street Parking.


Good Car Traffic Counts; Over 25,000 Cars Per Day Along 3rd. St.


Easily Accessible via Public Transportation; Less Than 1 Mile from The Westlake/Macarthur Park Purple Line Station


3 Points Of Ingress and Egress; 2 Along Carondelet St. & 1 Along Park View St.


Located Strategically Between Downtown Los Angeles, Silver Lake, Echo Park, and Koreatown


Easy Accessibility to the 101, 110, & 10 Freeways


Perfect for an Owner/User, Developer, or an Investor with Tenant(S) in Mind!!!


Excellent Demographics; Over 100,000 People Reside Within a 1- Mile Radius & Over 550,000 People Reside Within a 3-Mile Radius.

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