1048 S Los Angeles Street, Los Angeles, CA, 90015

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$4,950,000
82 Days On Site

1048 S Los Angeles Street
Los Angeles, CA 90015

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
15,229
SqFt
$325
/SqFt
1922
Built
County:
Los Angeles
Listed by Bobak Kalhor of K2 Investment Inc. bkalhor@mac.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1048 S Los Angeles Street1048 S Los Angeles Street1048 S Los Angeles Street1048 S Los Angeles Street
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Monthly Payment (Est.)

$22,584
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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.

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Listing Snapshot
Price 
$4,950,000
Days On Site 
82 Days
Bedrooms 
N/A
Inside Area (SqFt) 
15,229 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1794 Acres
Year Built 
1922
MLS® Number 
26850005
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoPrice changed to $4,950,000
3 months agoListing first seen on site
General Features
Acres 
0.1794
Additional Property Use 
Industrial
Building Features 
ElevatorsPhoneSystemTvSystem
Number Of Stories 
2
Security 
Fire Sprinkler SystemGated CommunitySmoke Detector(s)
Special Circumstances 
Standard
SqFt Total 
15229
Utilities 
Electricity Available
Water Source 
Public
Zoning 
LAM2
Interior Features
Cooling 
Heating 
ElectricWall Furnace
Laundry Features 
None
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Exterior Features
Construction Details 
Brick
Lot Features 
Corner Lot
Roof 
Flat
Community Features
Community Features 
Gated
MLS Area 
C42 - Downtown L.A.


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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