For Sale
1048 S Los Angeles Street, Los Angeles, CA 90015
1048 S Los Angeles Street, Los Angeles, CA 90015
  • $5,290,000
  • $347

Overview

Property ID: HZ18305308
  • Commercial Sale
  • Property Type
  • 1922
  • Year Built

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% 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.

  • Address 1048 S Los Angeles Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90015
  • Area C42 - Downtown L.A.
  • Country United States

Details

Updated on June 21, 2024 at 6:59 pm
  • Property ID: HZ18305308
  • Price: $5,290,000
  • Land Area: 7816.00 Sqft
  • Year Built: 1922
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 15229.00
  • Living Area Prefix: Sqft
  • MLS#: 24395791
  • Office Name: IVY REALTY CO.
  • Agent Name: Ki Seon Im
  • MLS Status: Active
  • Agent State License: 01860439

Additional details

  • County: Los Angeles
  • Parking: 3.00

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