$4,950,000
1048 S Los Angeles Street
Los Angeles, CA 90015
1922
Year Built
Los Angeles
County
CommercialSale
Property Type
About this home
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.
Property Details
Architecture
Features & Amenities
Property Features
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Mortgage Estimate
$26,346/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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