1212 S San Pedro Street,Los Angeles, CA 90015
Los Angeles, CA 90015
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. This property also on market for lease and asking at 3,000 per unit.
Details
| MLS # | CV26098949 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 125 |
| Listing Provided By | RE/MAX MASTERS REALTY | Jenny Xu |
Features
| SQ Feet | 10,944 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Acreage | 0.32 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Flat |
|---|---|
| Lot Features | Six To Ten Units Acre, No Landscaping, Street Level, Walkstreet |
Utilities
| Utilities | Phone Connected, Sewer Connected |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90015) | |
Price: $2,600,000 low | high Med: $525,000 sqft: 10,944 low | high Med: 2,038 $ / sqft: $238 low | high Med: $262 On site: 125 low | high Med: 12.5 | |
Market Activity 90015
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90015) | |
Price: $2,600,000 low | high Med: $525,000 sqft: 10,944 low | high Med: 2,038 $ / sqft: $238 low | high Med: $262 On site: 125 low | high Med: 12.5 | |
