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Two Joined Warehouses in Opportunity Zone! Premium Industrial Investment in Los Angeles' Dynamic 90021 Corridor. Previously used a cannabis facility. Exceptional opportunity to acquire two contiguous industrial properties"”1410 & 1412 Elwood Street"”in the heart of Los Angeles' 90021 industrial district. Ideally positioned for owner-users or investors seeking an infill SoCal industrial asset with value-add potential. Currently vacant and ready for your business to move in! Property Highlights Two parcels: APNs 5167-016-031 & 5167-016-032 Combined building area: ±9,516 SF Combined lot size: ±9,685 SF (0.22 AC) Built circa 1955"”character industrial shell in revitalizing zone Zoning: "X" Industrial per assessor Prime location near Downtown LA, the Arts District & major transit arteries"”ideal for manufacturing, distribution, logistics, or creative hybrid uses (potential cannabis use, buyer to verify) Opportunity Zone Advantage Located within a Qualified Opportunity Zone (OZ) offering significant tax benefits: Deferral of capital gains via Qualified Opportunity Fund (QOF) investment Step-up in basis with long-term hold, and potential exclusion of appreciation gains after 10 years This OZ designation enhances the property's appeal by combining strong fundamentals with tax-efficient investment potential. Buyer to verify eligibility. Strategic Location & Market Dynamics Within the 90021 ZIP"”one of LA's most active industrial micro-markets Close to Ports of LA/Long Beach and major freeways (I-10, I-5, 101) Growing demand for small-lot industrial and hybrid creative uses amid tightening supply Value-Add & Upside Owner-users: control occupancy costs, build equity, and expand operations Investors: reposition for higher-use or creative-industrial conversion; leverage OZ tax benefits Hold long term or stabilize with tenant for durable cash flow and appreciation Ideal Buyer Profile Manufacturing or distribution users seeking a central LA address, or investors targeting Opportunity Zone tax advantages and future redevelopment upside. Possible cannabis use"”verify with city.
Property Type(s):
Commercial
| Last Updated | 10/24/2025 | Year Built | 1955 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C42 - Downtown L.A. |
| CONSTRUCTION | Block, Concrete |
| HEAT | Forced Air, Natural Gas |
| LOT | 9683 sq ft |
| LOT DESCRIPTION | Paved, Rectangular Lot |
| STORIES | 1 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Rodeo Realty
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