PRICE REDUCED BY $550,000!!!
MLS_Active_1048 Los Angeles St (1)
INVESTMENT HIGHLIGHTS
- Office over Retail building with below-market, month-to-month leases
- Great corner location in the Fashion District – the hub of the L.A.’s fashion industry, featuring more than 2,000 retail and wholesale businesses
- Mostly Rebuilt in 2009!
- Owner-User or value-add opportunity
- Close to Staples Center, LA Live and Santee Alley
EXECUTIVE SUMMARY
PRICE REDUCED BY $550,000!!!
Mostly Rebuilt in 2009! (Remodel includes new roof, plumbing, electrical, HVAC, elevator, floors, walls, drywall, frames and insulation).
Within a mile of the Staples Center, LA Live, LA Convention Center, Santee Alley and the Flower Market, 1048 South Los Angeles is an almost fully occupied office/retail building located at the corner of Los Angeles Street and 11th in the heart of Downtown’s Fashion District. The property consists of 15 units – 7 office suites above 8 ground-floor retail units. A great opportunity exists for an owner/user to occupy the building or for an investor to increase value by repositioning the asset. The property is perfectly positioned to capitalize on its potential in Downtown’s Fashion District.
Mostly Rebuilt in 2009! (Remodel includes new roof, plumbing, electrical, HVAC, elevator, floors, walls, drywall, frames and insulation).
Within a mile of the Staples Center, LA Live, LA Convention Center, Santee Alley and the Flower Market, 1048 South Los Angeles is an almost fully occupied office/retail building located at the corner of Los Angeles Street and 11th in the heart of Downtown’s Fashion District. The property consists of 15 units – 7 office suites above 8 ground-floor retail units. A great opportunity exists for an owner/user to occupy the building or for an investor to increase value by repositioning the asset. The property is perfectly positioned to capitalize on its potential in Downtown’s Fashion District.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,229 SF
Building Class
C
Year Built/Renovated
1922/2009
Price
$4,950,000
Price Per SF
$325
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.95
Land Acres
0.18 AC
Zoning
M2-2D
Opportunity Zone
No
AMENITIES
- Bus Line
- Signalized Intersection