Exceptional opportunity to acquire two contiguous industrial warehouse buildings located at 1410 and 1412 Elwood Street in the heart of Los Angeles’ highly active 90021 industrial district. Formerly operated as a cannabis facility, the property is now delivered vacant and ready for immediate owner user occupancy or repositioning.
The combined parcels offer approximately 9,516 square feet of building area situated on a total lot size of approximately 9,685 square feet, or 0.22 acres. Constructed circa 1955, the property features classic industrial character and is zoned Industrial (X) per assessor. Its configuration and zoning allow for a wide range of potential uses including manufacturing, distribution, logistics, or creative industrial operations. Cannabis related use may be possible, subject to buyer verification with the City of Los Angeles.
Located within a designated Qualified Opportunity Zone, the property may offer significant tax advantages for eligible investors. These potential benefits include deferral of capital gains through investment via a Qualified Opportunity Fund, a step up in basis with a long term hold, and the potential exclusion of appreciation gains after a ten year hold. Buyer to independently verify Opportunity Zone eligibility and applicable tax benefits.
Situated within the 90021 ZIP code, one of Los Angeles’ most active and supply constrained industrial submarkets, the property benefits from close proximity to Downtown Los Angeles, the Arts District, major transit routes, and key freeway access including the I-10, I-5, and 101. The location also provides convenient access to the Ports of Los Angeles and Long Beach, supporting continued demand for small lot industrial and hybrid creative uses.
This offering is well suited for owner users seeking long term control of occupancy costs while building equity, as well as investors pursuing repositioning or stabilization opportunities within a central Los Angeles industrial corridor. The Opportunity Zone designation further enhances the long term investment profile with potential tax efficiency and appreciation upside.
Ideal for manufacturing, distribution, logistics, creative industrial users, or investors targeting Opportunity Zone benefits in a prime infill Los Angeles location.
