CannaMLS ID: 23715
Created | Updated
Price
$ 3,100,000
Seller financing available
Cannabis industrial property for sale in Los Angeles, CA 90021. Opportunity Zone. Ideal for cultivation, manufacturing, dispensary.
Address (1): 1410 Elwood St, Los Angeles, CA 90021
Address (2): 1412 Elwood St, Los Angeles, CA 90021
Property is: For sale
Property type: Agriculture, Industrial, Office
Purchase price: $ 3,100,000
Zoning: [LF1-WH1-6] [I2-N]
Lot size (acres): 0.22
Building size (sq ft): 9,516
Ceiling height (ft): 18
Parcel number: 5167-016-031 & 5167-016-032
Premium Industrial Investment in Los Angeles’ Dynamic 90021 Corridor
Presenting an exceptional opportunity to acquire two contiguous industrial properties- 1410 and 1412 Elwood Street - in the heart of Los Angeles’ 90021 industrial district. These assets are ideally positioned for owner-occupants, or investors seeking an infill Southern California industrial footprint with upside potential.
Key Property Highlights
Two parcels: APNs 5167-016-031 & 5167-016-032 (1410 & 1412)
Building area of both 1410 & 1412 Elwood ~9516 sf per assessor data.
Lot size of of both 1410 & 1412 Elwood: ~0.22 acres (approx. 9512 sf) per public record.
Historic vintage built ~1955 (for 1410-12 Elwood in earlier listings) character industrial shell in a revitalizing zone.
Zoning: “X” industrial zoning per assessor data.
Located in the heart of Los Angeles’ Industrial District, adjacent to Downtown LA, the Arts District, and major access arteries—ideal for manufacturing, distribution, logistics and creative hybrid uses. And possibly cannabis growing.
Opportunity Zone Advantage
This property lies within a federally‐designated Qualified Opportunity Zone (OZ) offering significant tax-advantaged structuring for investors:
Deferral of capital gains by reinvesting into a Qualified Opportunity Fund (QOF) that acquires the property
Step-up in basis if held for 5 or 7 years, and exclusion of gains on appreciation if held for 10 years
This OZ designation amplifies the investment appeal by combining location fundamentals with enhanced tax incentives. Ideal for cost-sensitive capital looking for both yield and long-term value creation.
Buyer to verify Opportunity Zone elegibility.
Strategic Location & Market Dynamics
Situated in the 90021 ZIP code- one of Los Angeles’ most active micro-markets for industrial and logistics real estate.
Close proximity to the Port of Los Angeles/Long Beach, I-10, I-5, and the Toll Roads, providing excellent regional connectivity.
A rising wave of adaptive industrial, manufacturing, creative office and tech‐hybrid users has driven occupancy rates up and available land scarce.
With infill land at a premium, small‐lot industrial (sub‐10,000 sf) assets like this are increasingly in demand and challenging to source.
Value-Add & Upside Potential
Owner/occupiers: Acquire a competitively priced plant/distribution site in central LA, avoid ever-increasing lease overhead, lock in occupancy costs and build equity.
Investors: Leverage OZ benefits, reposition the site for higher uses—possible mezzanine office build‐out, improved loading, expansion of square footage, or conversion into hybrid creative‐industrial space given Zoning and location flexibility.
Exit strategy: Hold long term with 10-year OZ benefit, or stabilize with a credit tenant/distribution user and cash‐flow while value accrues.
Ideal Buyer Profile
Manufacturing/distribution users wanting a central LA address, close to workforce, transit and freeway access.
Owner-user investors looking to occupy now and monetize the tax advantages of the Opportunity Zone structure.
Possible cannabis growing location.
Address (1): 1410 Elwood St, Los Angeles, CA 90021
Address (2): 1412 Elwood St, Los Angeles, CA 90021
Property is: For sale
Property type: Agriculture, Industrial, Office
Purchase price: $ 3,100,000
Zoning: [LF1-WH1-6] [I2-N]
Lot size (acres): 0.22
Building size (sq ft): 9,516
Ceiling height (ft): 18
Parcel number: 5167-016-031 & 5167-016-032
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