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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