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Mixed-Use

Santee.1153

1153 Santee St, Los Angeles, CA 90015

Listing Price: $9,500,000

Cap Rate
6.44%
Gross SF
29,654
Rentable SF
29,654
Price/Gross SF
$320.36
Lot Size
0.20 acres
Year Built
1989

Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present a REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles at 1153 Santee St on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live
• Built in 1989, the subject property features 29 retail spaces throughout the four-story building as well as two cell towers on the roof; the building is currently 88% occupied and the majority of tenants are on short-term leases, allowing an investor to stabilize the asset immediately
• 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood
• Functional spaces with the majority between 129-1,609 SF with the exception of the fourth floor that consists of a 7,838 SF office space
• Excellent walk score of 85, located a half-mile from the Metro rail lines and steps from the DASH and Metro Local bus lines; easy access to the 10 & 110 Freeways
• The Fashion District continues to be the heart of commerce in Downtown Los Angeles with local businesses thriving in the neighborhood; the area has also benefited from expanded residential development in Downtown LA

Investment Highlights

  • REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles
  • 1153 Santee St is on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live
  • • 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood

Exclusively Listed By

Financing By

Listing Price: $9,500,000

Cap Rate
6.44%
Gross SF
29,654
Rentable SF
29,654
Price/Gross SF
$320.36
Lot Size
0.20 acres
Year Built
1989

Investment Highlights

  • REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles
  • 1153 Santee St is on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live
  • • 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood

Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present a REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles at 1153 Santee St on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live • Built in 1989, the subject property features 29 retail spaces throughout the four-story building as well as two cell towers on the roof; the building is currently 88% occupied and the majority of tenants are on short-term leases, allowing an investor to stabilize the asset immediately • 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood • Functional spaces with the majority between 129-1,609 SF with the exception of the fourth floor that consists of a 7,838 SF office space • Excellent walk score of 85, located a half-mile from the Metro rail lines and steps from the DASH and Metro Local bus lines; easy access to the 10 & 110 Freeways • The Fashion District continues to be the heart of commerce in Downtown Los Angeles with local businesses thriving in the neighborhood; the area has also benefited from expanded residential development in Downtown LA

Exclusively Listed By

Financing By

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