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$4,950,000
Est. payment /mo
15,229 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 15,229 sqft
Price per Sqft $325
MLS Listing ID CL26850005
HOA Y/N No
Year Built 1922
Lot Size 7,816 Sqft
Acres 0.1794
Property Sub-Type Comm Ind For Sale
Property Description
Rare opportunity to acquire an extensively reconstructed mixed-use retail and office property in the heart of Downtown Los Angeles' Fashion District. Situated on a signalized corner location, the property consists of approximately 15,229 square feet of retail storefronts and second-floor office suites. Following a 2009 fire, the building underwent substantial reconstruction and modernization including structural repairs, new roof systems, electrical upgrades, plumbing replacement, HVAC installation, elevator replacement, restroom reconstruction, and numerous building-wide improvements. Plans, permits, and final inspections are available. The property is occupied by long-term tenants operating primarily on month-to-month lease agreements, providing future ownership with significant flexibility and rental upside potential. Ownership has generally not implemented significant rent increases for approximately ten years, creating substantial mark-to-market opportunity. Prime Fashion District location near California Market Center, Santee Alley, LA Live, Crypto.com Arena, and the Los Angeles Convention Center. LAM2 zoning. Owner-user and value-add investment opportunity.
Location
State CA
County Los Angeles
Zoning LAM2
Interior
Interior Features Elevator
Heating Electric, Wall Furnace
Fireplace No
Exterior
Utilities Available Other
Building
Water Public
New Construction No
Others
Tax ID 5145020005
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Listed by Bobak Kalhor • K2 Investment Inc.
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122