1048 S Los Angeles ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90015
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24395791
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
Building
Lot Description Corner Lot
Story 2
Others
Special Listing Condition Standard