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1048 S Los Angeles Street
Los Angeles, CA 90015

Price: $4,950,000 Zoning: M2-2D
Bldg SF: 15,229 SF Price/SF: $325
Land SF: 7,814 SF Occupancy: 99%
Year Built:  1922/2009 Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Price: $4,950,000
Bldg SF: 15,229 SF
Land SF: 7,814 SF
Price/SF: $325
Occupancy:  99%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Investment Highlights

EXCELLENT DOWNTOWN LOS ANGELES FASHION DISTRICT LOCATION

 

  • Ideally located within the Los Angeles Fashion District which features over 4,000 independently owned retailers and wholesalers
  • Less than one mile from the STAPLES Center, LA Live, and the Los Angeles Convention Center
  • Located less than half of a mile from “Santee Alley”
  • Located within close proximity to a number of new developments and substantial renovation projects

 

PRIME FASHION DISTRICT SIGNALIZED CORNER LOCATION

 

  • NE signalized corner of Los Angeles Street and 11th Street
  • 86% current occupancy
  • The combination of 14% current vacancy and month to month leases allows an owner-user to occupy a portion or all of the existing building
  • Vacancies and short-term leases create an excellent opportunity for a value-add investor to stabilize the property

 

SIGNIFICANT DEVELOPMENT IN THE IMMEDIATE AREA WITHIN THE BOUNDARIES OF THE DTLA 2040 PLAN

 

  • Less than one half mile from “The Intersection” at Los Angeles and 9th Streets, which is home to a number of contemporary showrooms which bring in nearly 1.5 million visitors to the area each year
  • Located within close proximity to a number of new developments, including the proposed $170 million re-development of the Southern California Flower Market, and proposed $170 million dollar renovation of the California Market Center
  • DTLA 2040 Plan will rejuvenate the community as the strongest market of Southern California once again
  • The DTLA 2040 Plan which will increase jobs, housing, transportation, open space, and amenities, adding 125,000 new residents, 70,000 new housing units, and 55,000 new jobs
  • Located in the “Transit Core” of the Community Plan will allow for long-term upside due to a significant emphasis on community growth

 

STRONG UNDERLYING DEMOGRAPHICS AND DENSE IMMEDIATE POPULATION

 

  • Over 49,900 people are located within one mile of the property, 546,600 within three miles of the property, and 1,273,200 within five miles of the property
  • There are over 24,800 households within one mile of the property, 175,200 within three miles of the property, and 394,300 within five miles of the property
  • Average household income is over $87,700 within one mile of the property, $57,500 within three miles of the property, and $63,000 within five miles of the property