1048 S Los Angeles Street, Los Angeles, CA 90015
List Price: $5.75M
Listing Status: Active
0Days on Market: 14
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1922
Lot Size: 7,816 sq ft
MLS Number: 26850005
About This Property
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.
Listing provided by: Bobak Kalhor DRE #01198998 213-624-0490 bkalhor@mac.com, K2 Investment Inc.
Source: CRMLS, MLS #: 26850005
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.