Two Joined Warehouses in Opportunity Zone!
Premium Industrial Investment in Los Angeles Dynamic 90021 Corridor. Previously used a cannabis facility.
Exceptional opportunity to acquire two contiguous industrial properties1410 & 1412 Elwood Streetin the heart of Los Angeles 90021 industrial district. Ideally positioned for owner users or investors seeking an infill SoCal industrial asset with value add potential.
Currently vacant and ready for your business to move in!
Property Highlights
Two parcels: APNs 5167 016 031 & 5167 016 032
Combined building area: 9,516 SF
Combined lot size: 9,685 SF (0.22 AC)
Built circa 1955character industrial shell in revitalizing zone
Zoning: X Industrial per assessor
Prime location near Downtown LA, the Arts District & major transit arteriesideal for manufacturing, distribution, logistics, or creative hybrid uses (potential cannabis use, buyer to verify)
Opportunity Zone Advantage
Located within a Qualified Opportunity Zone (OZ) offering significant tax benefits:
Deferral of capital gains via Qualified Opportunity Fund (QOF) investment
Step up in basis with long term hold, and potential exclusion of appreciation gains after 10 years
This OZ designation enhances the propertys appeal by combining strong fundamentals with tax efficient investment potential. Buyer to verify eligibility.
Strategic Location & Market Dynamics
Within the 90021 ZIPone of LAs most active industrial micro markets
Close to Ports of LA/Long Beach and major freeways (I 10, I 5, 101)
Growing demand for small lot industrial and hybrid creative uses amid tightening supply
Value Add & Upside
Owner users: control occupancy costs, build equity, and expand operations
Investors: reposition for higher use or creative industrial conversion; leverage OZ tax benefits
Hold long term or stabilize with tenant for durable cash flow and appreciation
Ideal Buyer Profile
Manufacturing or distribution users seeking a central LA address, or investors targeting Opportunity Zone tax advantages and future redevelopment upside. Possible cannabis useverify with city.