Detail

Updated on June 5, 2019 at 5:50 pm

  • Land Area: 19,238 sq ft
  • Property Size: 63,343 sq ft
  • Price: $9,750,000
  • Year Built: 1987

Description

Prime Downtown Los Angeles Fashion District commercial corner location
143′ frontage on Los Angeles St before highway dedication and 128′ after
135′ frontage on Pico Blvd before highway dedication and 130′ after
10 tenants and parking operator
$245,110 annual net operating income — 2.5% actual cap rate
Just blocks from the Los Angeles Convention Center, Staples Center and LA Live — Easy acess to all Downtown Los Angeles freeways
Parking availability is becoming very scarce in Downtown Los Angeles;the three levels of parking on this site is extremely valuable!
Many new developments in immediate neighborhood and South Park District
Located in Opportunity Zone (tax benefits; please verify)
High TOC Tier 3 designation
Total Building Sq.Ft. (Per Manager): 63,343±
Total Land Sq.Ft. (Before Hwy Dedication): 19,238±
Total Land Sq.Ft. (After Hwy Dedication): 16,463±
Year Built 1987
Zone LA M2
Land Use Store Building
Assessor’s Parcel Number 5133-011-019
Current Retail Tenants 11
Parking Stalls 3 Levels

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
Bradley A. Luster
Bradley A. Luster
213.747.4154213.276.2483

Inquire about this property

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