1048 S Los Angeles Street, Los Angeles, CA 90015
- $4,950,000
- List Price
- $4,950,000
- Price Change
- ▼ $800,000 1783308378
- Status
- ACTIVE
- MLS#
- 26850005
- Year Built
- 1922
- Lot Size
- 7,816
- Acres
- 0.18
- Lot Location
- Corner Lot
- Days on Market
- 50
- Property Type
- Commercial
Property Description
Rare opportunity to acquire an extensively reconstructed mixed-use retail and office property in the heart of Downtown Los Angeles' Fashion District. Situated on a signalized corner location, the property consists of approximately 15,229 square feet of retail storefronts and second-floor office suites. Following a 2009 fire, the building underwent substantial reconstruction and modernization including structural repairs, new roof systems, electrical upgrades, plumbing replacement, HVAC installation, elevator replacement, restroom reconstruction, and numerous building-wide improvements. Plans, permits, and final inspections are available. The property is occupied by long-term tenants operating primarily on month-to-month lease agreements, providing future ownership with significant flexibility and rental upside potential. Ownership has generally not implemented significant rent increases for approximately ten years, creating substantial mark-to-market opportunity. Prime Fashion District location near California Market Center, Santee Alley, LA Live, Crypto.com Arena, and the Los Angeles Convention Center. LAM2 zoning. Owner-user and value-add investment opportunity.
Additional Information
- Heat
- Electric, Wall Furnace
- Cooling
- Yes
- Exterior Construction
- Brick
- Roof
- Flat
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 15
Listing courtesy of Listing Agent: Bobak Kalhor (bkalhor@mac.com) from Listing Office: K2 Investment Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.