Posted on March 3, 2022 / 169Listing ID: 357309APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $3,195,000
Status : ACTIVE
Size : 8395
Lot Size (Acres) : 0.14
APN : 5167-009-006
Power (AMPS) : 400
Cannabis or Hemp Use Allowed? : Cannabis, Hemp, Cannabis and/or Hemp
License Type : Medical & Recreational
Year Built : 1947
Utilities : Water, Electricity, Gas, Sewer, Trash
Sale Type : Cash, Financing, Owner Financing
Company Name : Marcus & Millichap
Phone : 2136284500

INVESTMENT OVERVIEW

Marcus and Millichap is pleased to exclusively present 2193 East 14th Street, Los Angeles, CA. This dynamic industrial warehouse has been extensively renovated to accommodate cannabis uses: Type 6 Manufacturer and Type 11 Distribution licenses are available with no Social Equity requirement. Buyer to independently verify. 

This masonry warehouse was built in 1947, fully renovated in 2018, and contains approximately 8,395 square feet including a large mezzanine. Features include 12 ft clear height, heavy power supply with 400amps, one roll-up/drive -in door for convenient loading, security gates, three ADA compliant restrooms, conference room, offices, and a secure metal storage cage. The 0.14 acre lot is zoned LAM3 (Heavy Manufacturing) and is strategically located within a Qualified Opportunity Zone.

2193 East 14th Street is just blocks from the rapidly expanding Arts District and LA’s infamous Fashion District. Abundant street parking is available and the site enjoys convenient access to the 5, 10, 60, 101, and 110 Freeways. Public transportation services are readily accessible. This is an extremely rare opportunity for an owner-user or investor to acquire a turn-key cannabis property in the heart of Downtown Los Angeles, a neighborhood undergoing explosive growth with over $3 Billion in ongoing construction projects according to a report from the DCBID. 

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