1048 LA St
Rebuilt Fashion District Mixed-Use Asset | Long-Term Tenancy | Significant Rental Upside
Marketing description
Marketing Description
1048–1052 S. Los Angeles Street presents a rare opportunity to acquire a substantially rebuilt mixed-use investment property located in the heart of Downtown Los Angeles' Fashion District. Situated on a prominent signalized corner, the property consists of approximately 15,229 square feet of retail and office space occupied by a diverse mix of long-term tenants.
Following a fire event, the property underwent extensive reconstruction and modernization including structural repairs, new roof systems, electrical upgrades, plumbing replacement, HVAC installation, elevator replacement, restroom reconstruction, and numerous building-wide improvements. Approved plans, permits, and final inspections are available, providing buyers with confidence rarely found in historic Fashion District assets.
The property offers a compelling value-add opportunity through below-market rents and month-to-month lease structures. Ownership has maintained long-standing tenant relationships and has generally not implemented significant rent increases for approximately ten years. Future ownership can capitalize on substantial rental growth potential while benefiting from stable in-place cash flow.
Located within one of the nation's most active apparel, wholesale, and import/export districts, the property is within close proximity to California Market Center, Santee Alley, the Flower Market, Los Angeles Convention Center, LA Live, and Crypto.com Arena.
This offering represents a unique combination of stabilized income, significant rental upside, modernized building infrastructure, owner-user flexibility, and irreplaceable Fashion District positioning.
Investment highlights
15,229 SF DTLA Fashion District Investment Opportunity | Extensively Reconstructed
Investor Highlights
✓ Extensive Post-Fire Reconstruction
Following a fire event, the property 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.
✓ Not Your Typical 1922 Building
Unlike many historic Downtown Los Angeles buildings, the property benefits from significantly upgraded infrastructure and reduced deferred maintenance concerns.
✓ Prime Fashion District Location
Prominent signalized corner location in the heart of Downtown Los Angeles' Fashion District, one of the largest apparel and wholesale districts in the United States.
✓ Long-Term Tenant Stability
Property is occupied by established retail and office tenants with a history of long-term occupancy.
✓ Month-to-Month Lease Structure
Most tenants currently operate under month-to-month agreements, providing maximum flexibility for future ownership.
✓ Significant Rental Upside
Ownership has generally not implemented meaningful rent increases for approximately ten years, creating substantial mark-to-market potential and future NOI growth opportunities.
✓ Mixed-Use Income Stream
Diversified revenue generated from ground-floor retail storefronts and second-floor office suites.
✓ Owner-User Potential
Ideal opportunity for fashion brands, wholesalers, import/export companies, showroom operators, and businesses seeking a headquarters location within the Fashion District.
✓ Strong Existing Cash Flow
Current annual gross income of approximately $343,315 with NOI of approximately $254,790 based on seller-provided operating statements.
✓ LAM2 Zoning
Flexible zoning with long-term repositioning and redevelopment potential.
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