2626 Lacy St

Property Description

The Agnew | Serling Group along with Arroyo Real Estate are proud to present for sale, 2626 Lacy Street. This approximately 90,000-square-foot creative industrial, office, registered stages and exterior production studio is located in the Lincoln Heights neighborhood of Los Angeles. Situated at the corner of Lacy Street and West Avenue 26, Lacy Street Production Center sits on 2.06 acres of Urban Innovation zoned land - (LAUI) in the Arroyo Seco Specific Plan (CASP). The multi building campus is adjacent to Interstate 5 and the 110 Freeway junctions and across the street from the LA Metro A Line Lincoln/Cypress station. The Metro A Line provides direct access to Union Station Downtown LA, East Los Angeles, and South Pasadena traveling North. Blocks away from the 11-mile stretch of the Los Angeles River Revitalization Plan, this unique position allows for endless creative, adaptive reuse, and development opportunities.

Constructed in 1908 the property was the original home of Columbia Mills (formerly the Talbert-Whitmore Company) which upon completion was the largest factory west of Chicago to exclusively manufacture shade cloth and window shades. In 1980 the building was converted into a production studio for the Cagney & Lacey television series, and for the more than 40 years since has operated as a backlot studio and stage. 2626 Lacy St. has played host to esteemed clients, including CBS, ABC, 20th Century Fox, Warner Bros, and Epic Films; along with notable film and television productions such as: L.A. Confidential, Catch Me If You Can, SAW, Grey’s Anatomy, NCIS: Los Angeles, Seabiscuit, American Horror Story, and The Addams Family, to name a few.

Significant improvements have been made by current ownership to the office portion of the building, which now includes over 25,000 square feet of creative office space, making it an ideal opportunity for an owner-user or investment real estate buyer. The property, with its architectural courtyards, exposed brick walls, large industrial windows, loft spaces, exposed structural beams, industrial lifts, and creative office spaces, presents a multitude of potential creative and adaptive reuse spaces.

Functioning as a film production lot at present, the property provides a prime opportunity for a buyer to capitalize on its existing operations. There is potential for expansion in marketing efforts and diversification through hosting events such as trade shows, corporate launch parties, outdoor markets, and a host of other hospitality-related activities. An Owner/User has the option to occupy the creative office space and simultaneously generate income from the ongoing film location business on-site. Alternatively, a savvy real estate investor may choose to lease out both the office and warehouse to long-term tenants, holding the property in their portfolio as a strategic and covered land play.

Property Highlights

• Delivered Vacant | Owner/User or Investment Opportunity
• Lacy Street Production Center: Iconic Creative Office & Production Campus | 90,000 SF
• Development Potential | 2.06 Acre Rectangular Parcel
• Adaptive Reuse Incentive Area – Streamlined Project Approval
• Centrally Located With Convenient Access to the 5 & 110 Freeways
• Directly Adjacent to the Lincoln/Cypress Station | Metro Rail Line & Station (A Line) | Metro 251 Busway
• Versatile Underlying Zoning | Wide Range of Permitted Uses from Light Industrial to Multi-Family
• Cornfield Arroyo Seco Specific Plan Area (CASP) | No Minimum Parking Requirements

[gallery ids="3883,3879,3878,3877,3881,3903,3902,3901,3900,3899,3898,3892,3893,3894,3895,3896,3897,3891,3890,3889,3888"]