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Mixed-Use

1048 S Los Angeles St

1048 S Los Angeles St, Los Angeles, CA 90015

Listing Price: $4,950,000

Cap Rate
4.70%
Gross SF
15,229
Rentable SF
15,229
Price/Gross SF
$325.04
Lot Size
0.18 acres
Year Built
1922

Investment Overview

A Signalized Corner Mixed-Use Retail and Office Property Ideally located in the heart of Downtown Los Angeles in the Iconic Fashion District. Marcus & Millichap has been selected to exclusively represent for sale 1048 South Los Angeles Street, a two-story multi-tenant mixed-use retail and office property ideally located on the Northeast signalized corner of Los Angeles Street and East 11th Street. The property is comprised of 15 rental units, with eight retail units on the ground floor, and seven office units on the second story. 1048 South Los Angeles Street is currently 86% occupied. Three units are vacant, one of which is on the ground floor, and two of which are on the second story. All of the occupied units are on month-to-month leases, with one exception which is set to expire in September of 2021. This creates an excellent opportunity for an owner-user to occupy a portion or all of the property for their own use, or for an investor to stabilize the property. 1048 South Los Angeles Street is located less than one mile from Santee Alley, which features the largest selection of fabrics throughout Southern California, and is located less than one mile from the Los Angeles Flower Market, the largest flower market in the United States, which is set to undergo a $170 million renovation. The property is located in the heart of the iconic fashion district of Downtown Los Angeles, which is home to over 2,000 independently owned wholesale and retail businesses and spans 100 blocks in Downtown Los Angeles. The subject property is ideally located less than one mile from the STAPLES Center, Los Angeles Convention Center, and LA Live. 1048 South Los Angeles Street will benefit from the DTLA 2040 Plan, which will encourage development throughout the community. The DTLA 2040 Plan which will increase jobs, housing, transportation, open space, and amenities, adding 125,000 new residents, 70,000 new housing units, and 55,000 new jobs.

Investment Highlights

  • Ideally located within the Los Angeles Fashion District which features over 4,000 independently owned retailers and wholesalers
  • Less than one mile from the STAPLES Center, LA Live, and the Los Angeles Convention Center
  • Located less than half of a mile from "Santee Alley"

Exclusively Listed By

Listing Price: $4,950,000

Cap Rate
4.70%
Gross SF
15,229
Rentable SF
15,229
Price/Gross SF
$325.04
Lot Size
0.18 acres
Year Built
1922

Investment Highlights

  • Ideally located within the Los Angeles Fashion District which features over 4,000 independently owned retailers and wholesalers
  • Less than one mile from the STAPLES Center, LA Live, and the Los Angeles Convention Center
  • Located less than half of a mile from "Santee Alley"

Investment Overview

A Signalized Corner Mixed-Use Retail and Office Property Ideally located in the heart of Downtown Los Angeles in the Iconic Fashion District. Marcus & Millichap has been selected to exclusively represent for sale 1048 South Los Angeles Street, a two-story multi-tenant mixed-use retail and office property ideally located on the Northeast signalized corner of Los Angeles Street and East 11th Street. The property is comprised of 15 rental units, with eight retail units on the ground floor, and seven office units on the second story. 1048 South Los Angeles Street is currently 86% occupied. Three units are vacant, one of which is on the ground floor, and two of which are on the second story. All of the occupied units are on month-to-month leases, with one exception which is set to expire in September of 2021. This creates an excellent opportunity for an owner-user to occupy a portion or all of the property for their own use, or for an investor to stabilize the property. 1048 South Los Angeles Street is located less than one mile from Santee Alley, which features the largest selection of fabrics throughout Southern California, and is located less than one mile from the Los Angeles Flower Market, the largest flower market in the United States, which is set to undergo a $170 million renovation. The property is located in the heart of the iconic fashion district of Downtown Los Angeles, which is home to over 2,000 independently owned wholesale and retail businesses and spans 100 blocks in Downtown Los Angeles. The subject property is ideally located less than one mile from the STAPLES Center, Los Angeles Convention Center, and LA Live. 1048 South Los Angeles Street will benefit from the DTLA 2040 Plan, which will encourage development throughout the community. The DTLA 2040 Plan which will increase jobs, housing, transportation, open space, and amenities, adding 125,000 new residents, 70,000 new housing units, and 55,000 new jobs.

Exclusively Listed By

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