1048 S Los Angeles ST, Los Angeles, CA 90015
1048 S Los Angeles ST, Los Angeles, CA 90015,Video Tour
1048 S Los Angeles ST, Los Angeles, CA 90015
23
See all 22 photos
$4,950,000
Est. payment /mo
Save Virtual Tour
7,814 Sqft Lot
Price Dropped by $800K

1048 S Los Angeles ST Los Angeles, CA 90015

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26850005

HOA Y/N No

Year Built 1922

Lot Size 7,814 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAM2

Interior

Heating Electric, Wall Furnace

Fireplace No

Laundry None

Exterior

Community Features Gated

Utilities Available Electricity Available

Roof Type Flat

Building

Lot Description Corner Lot

Story 2

Water Public

Others

Tax ID 5145020005

Security Features Fire Detection System,Fire Rated Drywall,Fire Sprinkler System,Gated Community,Smoke Detector(s)

Financing Conventional,Private

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=XNHiepCCuMo

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Bobak Kalhor K2 Investment Inc. #01198998

Book an Appointment

Schedule an appointment with us to find out your options and get your questions answered!

Book Here

Apply Online

We make it easy, apply online, submit your documentation in our easy and secure platform! Once you've completed the application and uploaded your documents we will give you a call to go over your options!

Apply Here

Watch Our Class on How To Buy

We've put together a class on how to buy a home and all the different steps you will encounter thoughout the process! We've broken it down to 20 mini videos and at the end you will have a chance to get a $1,000 Closing Cost Credit that you can use when you close with us!

Watch Now

NEARBY SCHOOLS & PROPERTIES

Go tour this home

1048 S Los Angeles ST