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 |
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
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