16th and Los Angeles Streets SWC FOR SALE


Los Angeles, CA - Fashion District
$7,500,000 USD
213-745-4740
, Los Angeles, CA for Sale
$7,500,000 USD
FOR SALE
1/2
null | 3.31% Cap Rate

16th and Los Angeles Streets SWC
Los Angeles, CA
Fashion District


HIGHLIGHTS

  • Two Adjacent Buildings For Sale
  • Three Story Multi-Tenant Building With Freight Elevator
  • Partial Basement Not Included in Square Footage
  • Multi-Tenant Single Story Building Built in 2008
  • Stable Tenant Mix

OVERVIEW

Two properties comprise this portfolio sale. The building located at the corner of 16th and Los Angeles Street is a three story building with partial basement built in 1914 and completely renovated in 2005. Next to the three story building is a single story multitenant retail/wholesale building built in 2008 with alley loading. The current combined income on the property is approximately $36,000 per month. The property offers stable income with long term tenants with short leases thereby allowing a Buyer to reposition more favorable rental rates. The properties are situated on two separate parcels of land. Per assessor's records, the three story building (1601 Los Angeles Street APN 5133-014-015) is approximately 27,765 square feet on 9,722 square feet of land. The single story building (APN: 5133-014-014) is approximately 6,155 square feet on 6,291 square feet of land. The total combined footage is approximately 34,000 sq. ft. of building on 16,000 square feet of land.

ASK ABOUT THIS PROPERTY

Iqbal HassanQuantum AssociatesMore Info
213-745-4740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Iqbal HassanQuantum AssociatesMore Info
213-745-4740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.