1048 S Los Angeles ST, Los Angeles, CA 90015
1048 S Los Angeles ST, Los Angeles, CA 90015,Video Tour
1048 S Los Angeles ST, Los Angeles, CA 90015
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$4,950,000
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7,814 Sqft Lot
Price Dropped by $800K

1048 S Los Angeles ST Los Angeles, CA 90015

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26850005

HOA Y/N No

Year Built 1922

Lot Size 7,814 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAM2

Interior

Heating Electric, Wall Furnace

Fireplace No

Laundry None

Exterior

Community Features Gated

Utilities Available Electricity Available

Roof Type Flat

Building

Lot Description Corner Lot

Story 2

Water Public

Others

Tax ID 5145020005

Security Features Fire Detection System,Fire Rated Drywall,Fire Sprinkler System,Gated Community,Smoke Detector(s)

Financing Conventional,Private

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=XNHiepCCuMo

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Bobak Kalhor K2 Investment Inc. #01198998

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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1048 S Los Angeles ST