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772 S Los Angeles Street
Los Angeles, CA 90014

Price: $5,300,000 Zoning: M2-2D
Bldg SF: 17,096 SF Price/SF: $310
Land SF: 10,837 SF Vacancy: 75%
Opportunity Zone:  Yes TOC: Tier 3
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


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688


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

Price: $5,300,000
Bldg SF: 17,096 SF
Land SF: 10,837 SF
Year Built: 1919
ProForma CAP Rate: 6.35%
Price/SF: $310
Occupancy: 25%
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


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688


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

Investment Highlights

Fashion District Signalized Corner Location

 

  • Southeast signalized corner of Los Angeles Street and 8th Street
  • Significant flexibility creates a multitude of potential uses
  • Current vacancies and month to month tenancy allows an Owner-User Buyer to occupy one or multiple retail units for their own business use
  • Potential reposition opportunity through stabilization
  • An investor can stabilize the property and generate a significant income stream

 

Strong Underlying Demographics and Dense Immediate Population

 

  • Over 55,700 people located within one mile of the property, 515,800 within three miles of the property, and 1,254,400 within five miles of the property
  • There are over 30,100 households within one mile of the property, 166,300 within three miles of the property, and 389,100 within five miles of the property
  • Average household income is over $89,100 within one mile of the property, $58,700 within three miles of the property, and $63,400 within five miles of the property

 

Sub-Market Saturated with Popular Destinations and Long-Term Development

 

  • Located two blocks from the “Broadway Trade Center”
  • 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
  • Located in a Qualified Opportunity Zone will give a Buyer preferential tax treatment
  • DTLA 2040 Plan will rejuvenate the community as the strongest market of Southern California once again

 

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