1048 S Los Angeles ST Active

Los Angeles,CA 90015

$ 5290000

- Bed

0 Bath

15229 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 15,229 sqft

Price per Sqft $347

MLS Listing ID 24395791

HOA Y/N No

Year Built 1922

Lot Size 7,814 Sqft

Property Description

Big price reduction! The building was rebuilt in 2009 and represents a prime investment opportunity in the heart of downtown Los Angeles. This corner property, located at the bustling intersection of Los Angeles St. and 11th St., is a rare gem boasting an outstanding CAP rate of 5.5% , rental income $31,485/mo. and tremendous upside potential. Situated in a highly desired rental market with strong investor and tenant demand, this two-story complex was rebuilt in 2009 and offers approximately 7,814 square feet of land zoned LAM2. The property currently features a 15,229-square-foot building accommodating fourteen retail tenants engaged in the fashion-related sector. This building is almost 100% occupied by tenants with great credit. Its prime location on a signalized corner in the fashion district, just one block from the California Mart, seven blocks from LA Live, and 1.5 blocks from Santee Alley, makes it highly attractive. The month-to-month leases provide excellent owner-user or value-add opportunities with significant upside potential. The property's advantageous position at a signalized corner further enhances its appeal. This property presents a unique investment opportunity with significant potential for growth and value enhancement.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAM2

Interior

Fireplace No

Exterior

Total Parking Spaces 3

Building

Lot Description Corner Lot

Story 2

Others

Tax ID 5145020005

Special Listing Condition Standard

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