$ 5,750,000
-
$5,750,000
Price -
0
Bed -
0
Bath -
15,229
SqFt
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About the Listing CLW-X70552 - CLW-X11771
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Commercial Sale
MLS ®
26850005
Year Built
1922
Total Square Footage
15,229
Lot/Acreage
0.18
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Electric,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAM2
- Roof: Flat
- Others: Brick,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5145020005
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
1048 S Los Angeles St Los Angeles, CA 90015
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