1155 S Los Angeles Street
Los Angeles, CA 90015

Price: | $2,700,000 | Zoning: | LAM2 |
Bldg SF: | 8,470 SF | Price/SF: | $319 |
Land SF: | 8,456 SF | 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
Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Price: $2,700,000
Bldg SF: 8,470 SF
Land SF: 8,456 SF
Price/SF: $319
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
Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808


Investment Highlights
Prime Fashion District Signalized Corner Location
- NW signalized corner of Los Angeles Street and 12th Street
- Small unit sizes averaging 1,220 square feet
- Units benefit from minimal bay depths and are easily re-leaseable
- One current vacancy, and several leases expiring in 2021 would allow and owner-user to occupy one or multiple retail units
- Expiring leases create an excellent opportunity for an investor to stabilize the property
Strong Underlying Demographics and Dense Immediate Population
- Over 51,800 people are located within one mile of the property, 559,000 within three miles of the property, and 1,278,900 within five miles of the property
- Over 24,800 households within one mile of the property, 178,800 within three miles of the property, and 395,800 within five miles of the property
- Average household income is over 86,600 within one mile of the property, 57,200 within three miles of the property, and 62,900 within five miles of the property
Sub-Market Saturated with Popular Destinations and Long-Term Development
- Less than one half mile from “The Intersection”
- Located Proximate 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
- Located in the “Transit Core” of the Community Plan will allow for long-term upside due to a significant emphasis on community growth
Fantastic Los Angeles Fashion District Location
- Ideally located within the Los Angeles Fashion District which features over 2,000 independently owned retailers and wholesalers
- Close proximity to the STAPLES Center, LA Live, and the Los Angeles Convention Center
- Located less than half of a mile from “Santee Alley”
- Located proximate to a number of new developments and substantial renovation projects