Detail

Updated on May 16, 2022 at 5:32 pm

  • Land Area: 16,460 sq ft
  • Property Size: 58,808 sq ft
  • Price: $12,000,000
  • Year Built: 1987

Description

• Prime DTLA Fashion District commercial purchase opportunity
• 44,952± SF 3-level parking structure + 13,856± SF ground floor retail building
• Parking availability is becoming very scarce in Downtown Los Angeles; the 3-level parking on this site is extremely valuable!
• Public storage conversion potential
• Heavy traffic corner location with easy acess to all DTLA freeways
• ±128′ frontage on Los Angeles St and ±130′ frontage on Pico Blvd
• 12 tenants + parking operator: $34,264 actual monthly gross income (January to March 2022)
• $262,452.52 actual annual net operating income (2021)
• Just blocks from the Los Angeles Convention Center, Crypto.com Arena and LA LIVE
• New residential developments in immediate neighborhood and adjacent South Park District
• Located in Designated Qualified Opportunity Zone (tax benefits)
• 1307 S Los Angeles Street will benefit from the proposed DTLA 2040 Community Plan, which will will allow for long-term upside due to a significant emphasis on community growth and development. The DTLA 2040 Plan will increase jobs, housing, transportation, open space, and amenities, adding 125,000 new residents, 70,000 new housing units, and 55,000 new jobs. 

Property Documents

  • Marketing Package for 1307 S Los Angeles St
  • Address: 1307 S Los Angeles St
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90015
  • Neighborhood: Downtown Los Angeles
  • Country: United States

Features

Contact info

Mark Silverman
Mark Silverman
213.747.0379213.924.7147
Linkedin
Bradley A. Luster
Bradley A. Luster
213.747.4154213.276.2483
Linkedin

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