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$ 3,650,000
Est. payment /mo
New
802 E Gage AVE Los Angeles, CA 90001
0.93 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26102897
HOA Y/N No
Year Built 1924
Lot Size 0.927 Acres
Property Description
Pleased to present 802 E Gage Ave, a 20,640 SF brick industrial complex on a 40,254 SF (0.93-acre) fenced corner lot at Gage Avenue and McKinley Avenue in the Florence-Firestone industrial pocket of South Los Angeles. Zoned M3-2D-CPIO theCity's heavy-manufacturing designation and located within a federal Opportunity Zone, the Property comprises five to six interconnected single-story structures built in 1924, with 800-amp, 480-volt three phase power, three ground-level loading doors and a 7,200 SF sprinklered, air-conditioned suite with a 19-foot high-bay room.The offering is positioned for an owner-user. The Property can be delivered vacant within 60 days of close of escrow at the buyer's election, or acquired with in-place month-to-month income during lease-up. At the asking price of $3,650,000 - $177 per building SF and $91 per SF of land - the basis sits below the $104-$175 per land SF at which comparable improved properties have traded since 2025, and well below the estimated cost to replicate the land and improvements. Manufacturers, food and beverage producers and creative production users will find a rare combination here: heavy power, broad industrial zoning, a secured yard and immediate access to the Alameda Corridor, the Harbor Freeway and Downtown Los Angeles, five miles north. TheProperty is a lender-owned (REO) disposition, offered as-is with a clear path to close.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAM3
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Total Parking Spaces 15
Building
Story 1
Others
Tax ID 6007015027
Security Features Fire Sprinkler System
Financing Conventional
Special Listing Condition Real Estate Owned
Listed by Joseph Bolognese Saxum West #01966025
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