1048 Los Angeles Street Los Angeles, CA 90015

General Commercial Residence

Beds

Baths

15,229 Sq. Ft.

0.18 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 9/22/2024 5:15 AM

Listing Details

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. Continue reading

MLS#

24395791

Property Type

General Commercial

Status

Year Built

1922

Square Feet

15,229 sq. ft

Lot Size

0.18