
Los Angeles, California 90018
This High-Potential Investment Opportunity is a legal non-conforming warehouse listed at $1,299,000, positioned slightly above the $1,234,155 Fair Market Value. Featuring an iconic bow truss ceiling and LARD1.5 zoning, this Condition Rating 5 asset offers rare development versatility for light manufacturing, live/work conversion, or a multi-unit ADU project. While the property requires significant capital for residential habitability, its strategic location near USC and West Adams ensures long-term demand. This is a sophisticated acquisition ideal for Value-Add Developers or Creative Investors seeking unique urban infill projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2411 Exposition Place Subject | $1,299,000* List Price | 0 | 1 | 2,400 | $514 | - |
A 3786 Dublin Pending | $1,095,000 List Price | 0 | 0 | 2,120 | $517 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, this is a raw industrial warehouse being marketed as a residential opportunity. It lacks a kitchen and standard residential living systems, requiring a total conversion or major rehab to be habitable as a home. The actual exterior is weathered with cracked pavement, and the listing explicitly suggests a tear-down and rebuild as a viable option.
The property features an iconic bow truss ceiling and classic brick construction, providing a highly sought-after aesthetic for creative live/work spaces or luxury residential conversions.
Zoned LARD1.5 with legal non-conforming light manufacturing use, the site offers rare flexibility to maintain industrial use, convert to a single-family home, or redevelop into multiple units with ADUs.
Centrally located near USC, Leimert Park, and West Adams, the property is positioned in a high-growth area with strong demand for both residential and creative commercial spaces.
The legal non-conforming status and transition from commercial to residential zoning may complicate traditional residential financing, likely requiring specialized lenders or all-cash buyers.
Currently configured as a warehouse with only one bathroom and minimal residential infrastructure, the property requires significant additional investment to modernize utilities and finishes for habitability.
The world is your oyster and here is your shell. Legal non-conforming brick warehouse in a residential neighborhood. Down zoned from Commercial to LARD1.5 with light manufacturing use. Endless possibilities in this brick building with an iconic bow truss ceiling. Use as a SFR, work/live space, tear down and build a home and 2 ADU's or use for light manufacturing. Light manufacturing involves producing consumer-oriented goods with lower energy consumption, smaller footprints and less raw material intensity compared to heavy industry. Key types include food/beverage processing, textiles, electronics assembly, furniture making, printing, and small-scale metalworking, often focusing on assembly and finishing. Combine all these possibilities along with the expansive rear space and you have an anomaly not to be missed. Centrally located to USC, Leimert Park and West Adams.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 2,400 | 1,664.159 |
| Lot Size | 4,528 | 6,066.556 |
| Price | $1.30M | $1.35M |
| Price per sq ft | $541 | $806 |
| Built year | 1947 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Aug 18, 2026
$1,299,000
Initial Listing
Apr 8, 2016
$420,000
Public Record