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$ 3,400,000
Est. payment | /mo
0.32 Acres Lot
$ 3,400,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25090730
HOA Y/N No
Year Built 1965
Lot Size 0.323 Acres
Property Sub-Type Retail
Property Description
Prime Investment Opportunity in the heart of the Fashion District. This is an exceptional property with a long-term single NNN tenant since 1998, with the lease ending in November 2025. This property located on a high-traffic and surrounded by major retailers. It situated on a 14,065 sqft lot with total 7 units (A-G). The unit begins with Unit 1212-A (Fashion ONE) continues to Unit 1212-G (blu:m). The units from A to E is 1,540 sqft per unit. Units F & G are 1,510 sqft per unit. This is zoned for light industrial use with 11 parking spaces. The building was fully renovated in 2000. Each unit includes 1 bathroom along with front and back windows and door for entrances. This property is conveniently located just few block away from the 10 Freeway and only minutes from Downtown LA's vibrant culinary scene, diverse shops, and essential amenities. The property was appraised at $3,400,000. Approximate 5% cap rate.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Phone Connected, Sewer Connected
Roof Type Flat
Total Parking Spaces 11
Building
Lot Description 6-10 Units/Acre, No Landscaping, Street Level, Walkstreet
Story 1
Water Public
Others
Tax ID 5132012003
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Jenny Xu • RE/MAX MASTERS REALTY • 626-674-7368