1048 S Los Angeles Street, Los Angeles, CA 90015
-
Listed Price :
$5,290,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
-
Year Built :
1922
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
1048 S Los Angeles Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90015 |
| County |
Los Angeles |
| Listing Agent |
Ki Seon Im DRE #01860439 |
| Courtesy Of |
Ivy Realty Co. |
| List Price |
$5,290,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
7,816 |
| Year Built |
1922 |
Listing information courtesy of: Ki Seon Im, Ivy Realty Co.. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 13th, 2024 at 6:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
