1155-1159 Los Angeles St, Los Angeles, CA 90015
8,470 SF | 81% Leased | Retail Building | Los Angeles, CA 90015 | $3,045,000 ($360/SF)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 25 days
Asking Price $3,045,000
- Property Type
-
Retail
- Square Feet
- 8,470 SF
- Price / Square Foot
- $360
Listing Contacts
Yair Haimoff
Property Overview
Spectrum CRE has been exclusively retained by Ownership to offer an exciting Fashion District opportunity to acquire 1155 - 1159 S. Los Angeles Street, Los Angeles, CA. An approximately 8,470 SF single story multi-tenant retail building on approximately 8,456 SF parcel that is zoned LAM2 located right on the signalized intersection of Los Angeles Street and East 12th.
The property is currently 98% occupied with short term tenants and is comprised by 7 efficiently sized units that range between 700 - 2,145 SF. These efficiently sized units are conducive to high-occupancy, optimal rents and low lease-up costs, minimizing capital expenditures and cash flow exposure.
Situated within the densely populated Fashion District in Downtown Los Angeles which is within the boundaries of the DTLA 2040 Plan which will increase jobs, housing, transportation, open space and amenities. The Fashion district is home for over 2,000 independently owned wholesale and retail businesses. It is also adjacent to Santee Alley, home to the largest selection of fabrics throughout Southern California.
Featuring tremendous visibility, excellent signage, heavy traffic counts and is surrounded by strong demographics and dense population. It is less than one mile from Los Angeles Flower Market, LA Live, Los Angeles Convention Center, Crypto.com Arena.
The property is currently 98% occupied with short term tenants and is comprised by 7 efficiently sized units that range between 700 - 2,145 SF. These efficiently sized units are conducive to high-occupancy, optimal rents and low lease-up costs, minimizing capital expenditures and cash flow exposure.
Situated within the densely populated Fashion District in Downtown Los Angeles which is within the boundaries of the DTLA 2040 Plan which will increase jobs, housing, transportation, open space and amenities. The Fashion district is home for over 2,000 independently owned wholesale and retail businesses. It is also adjacent to Santee Alley, home to the largest selection of fabrics throughout Southern California.
Featuring tremendous visibility, excellent signage, heavy traffic counts and is surrounded by strong demographics and dense population. It is less than one mile from Los Angeles Flower Market, LA Live, Los Angeles Convention Center, Crypto.com Arena.
Property Details
- Class
- C
- Year Built
- 1995
- Stories
- 1
- Property Subtype
- Storefront, Showroom, Freestanding
- Lot Size (sq. ft)
- 9,148 SF
Highlights
- For Sale 8,470 SF Single Story Multi-Tenant Retail Building in Prime DTLA Location
- Excellent Owner-User / Investment Opportunity - Efficiently Sized Units
- Located on the Signalized Intersection of Los Angeles Street and East 12th
- Tremendous Visibility with Excellent Signage
- Heavy Traffic Counts and is Surrounded by Strong Demographics and Dense Population - Situated Within the Boundaries of the DTLA 2040 Plan
- Less than one mile from Los Angeles Flower Market, LA Live, Los Angeles Convention Center, Crypto.com Arena
All available spaces
- Space
- 1st Fl-Ste 1157
- Size
- 850 SF
- Condition
- Partial Build-Out
- Space
- 1st Fl-Ste 135 E
- Size
- 750 SF
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