Homes for sale - 1048 S Los Angeles St, Los Angeles, CA 90015

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Jeffrey Payatt

jpayatt@gmail.com +1(805) 886-2324

$ 5,290,000

Est. payment | -/mo

15,229 SqFt

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$ 5,290,000

Est. payment | -/mo

Save

15,229 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 24-395791

Year Built 1922

Lot Size 7,816 Sqft

Acres 0.1794

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 Downtown L.A.

Zoning LAM2

Exterior

Garage Spaces 3.0

Building

Story 2

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Ivy Realty Co.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 886-2324

jpayatt@gmail.com

1048 S Los Angeles St Los Angeles, CA 90015

Jeffrey Payatt

Key Details

Location

Exterior

Building

Others

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1048 S Los Angeles St