2335 Wall Street, Los Angeles, CA 90011
2335 Wall Street, Los Angeles, CA 90011
2335 Wall Street, Los Angeles, CA 90011
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$2,800,000
Est. payment /mo
15,771 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,771 sqft

Price per Sqft $177

MLS Listing ID CL26669741

HOA Y/N No

Year Built 1970

Lot Size 0.344 Acres

Acres 0.34

Property Sub-Type Other

Property Description

Despite being constructed in 1970, the property is priced at only $178 per square foot and $140,000 per unit, which are attractive values, even when compared to far older properties that have sold in the immediate area. A new owner can capitalize on the upgraded electrical system, which could potentially reduce both energy and insurance costs. The property occupies a double lot and includes a large parking area capable of holding 22 vehicles. This rare amenity, coupled with the building's convenient access to nearby shopping and dining destinations (Walk Score of 89), helps to attract higher-paying tenants to the property. A new owner can take advantage of these factors as they add value by recapturing the approximately 54% rent upside that the asset offers. Situated near LA Live, the Crypto.com Arena, the Los Angeles Coliseum, and the Los Angeles Convention Center, the property is adjacent to several 2028 Summer Olympics venues. Therefore, it stands to potentially benefit from upcoming infrastructure improvements and an influx of capital to the immediate area, all to the benefit of a new owner.

Location

State CA

County Los Angeles

Zoning LARD2

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5127013027


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Bridge MLS
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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2335 Wall Street