Listed by HJK International
$2,500,000
1416 S. Los Angeles Street
Details
APN 5133-016-005
Property Type Retail
Sub Type Commercial
Square Footage 6,815
Units 3
Cap Rate 7.20%
NOI $180,000
Tenancy Single
Lease Type Modified
Price per SqFt $367
Class C
Year Built 1913
Year Renovated 2004
Buildings 1
Stories 1
Lot Size (SqFt) 6,898
Zoning M2-2D
Parking Spaces 1 spaces
Parking Per SqFt 0.15
Investment Type Owner/User
Ownership Fee Simple
Retail | 7.20% CAP | 6,815 SqFt
Investment highlights
- Dive into the heart of the Downtown Los Angeles Fashion District with this prime property on 1416 S. Los Angeles Street. This 6,898-square-foot gem is your ticket to a thriving investment opportunity strategically positioned for growth under the DTLA 2040 Plan. This property presents a prime investment or owner-user opportunity in the heart of Downtown Los Angeles, located in the bustling South Los Angeles Street Garment District. The building is fully occupied by tenants with strong credit, ensuring a stable income stream.
- Situated near a vibrant hub that includes Crypto.com Arena, LA Live!, With the GRAMMY Museum, the Los Angeles Convention Center, and thousands of luxury condos and apartments, this location is ideal for capitalizing on the area's growth.
- This combination of features offers investors, owners, or developers a unique opportunity to meet the increasing demand for housing and commercial spaces in the thriving DTLA community. Take the reins and steer your portfolio towards success with this visionary investor's dream.
- Fashion District: The property is located in the heart of the Fashion District in Downtown Los Angeles, known for its high concentration of fashion showrooms, wholesale businesses, and retail stores. It is a bustling area with fashion industry professionals and shoppers frequenting the numerous boutiques and shops.
- Accessible transportation: The area is well-served by public transportation, including the nearby Metro station and bus stops. This accessibility makes it convenient for employees, customers, and visitors to access the property without the need for a car.
- Dining options: The vicinity offers a diverse selection of dining options ranging from popular food trucks to trendy cafes and upscale restaurants. This variety caters to the diverse tastes of locals, tourists, and workers in the area.
- Artistic hub: The neighborhood is known for its vibrant arts scene, with numerous art galleries, studios, and street art installations. This creative environment adds to the cultural richness of the area and attracts artists and art enthusiasts.
- Revitalization efforts: The surrounding area has seen ongoing revitalization efforts aimed at enhancing the overall appeal and infrastructure. These improvements may lead to increased property values and a more vibrant community in the future.
- Unleash the Potential: Dive into the heart of the Downtown Los Angeles Fashion District with this prime property on 1416 S. Los Angeles Street. This 6,898-square-foot gem is your ticket to a thriving investment opportunity strategically positioned for growth under the DTLA 2040 Plan. Take the reins and steer your portfolio towards success with this visionary investor's dream.
- Triple the Thrills: With three units and one dedicated tenant occupying all, this property offers a seamless income stream for the savvy investor. Each unit presents a canvas for customization, allowing you to tailor the space to your investment vision. Alley access for convenient loading and unloading and ample street parking ensure smooth operations and enhance the property's appeal to diverse tenants.
- Gateway to Success: Nestled in the bustling Fashion District, this property's proximity to Santee Street, the epicenter of Southern California's fabric and fashion industry, positions it as a gateway to lucrative business opportunities. Whether you're an owner-user looking to establish a presence in this vibrant district or an investor seeking a robust monthly income of $15,000, this property promises a gateway to success in the heart of Downtown Los Angeles.
- Seize the Moment: Don't let this opportunity slip through your fingers. Join the ranks of successful investors and entrepreneurs who have capitalized on the allure of the Fashion District. With a solid monthly income stream and the promise of growth under the DTLA 2040 Plan, this property is your chance to make a mark in one of the region's most dynamic real estate markets. Seize the moment and make your mark in the Downtown Los Angeles Fashion District today.
Listing Contacts
Listed by HJK International
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
7.2%
Cap Rate
7.2%
ROI
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