705 E 9th St - Light Manufacturing FOR SALE


Los Angeles, CA 90021- Fashion District
$5,500,000 USD
310-500-1239
705 E 9th St, Los Angeles, CA for Sale
$5,500,000 USD
Light Manufacturing - FOR SALE
1/2
null | 4.51% Cap Rate

705 E 9th St
Los Angeles, CA 90021
Fashion District


HIGHLIGHTS

  • Rare 65-Unit Mixed-Use Residential Hotel in the heart of Downtown Los Angeles Fashion District.
  • Significant Value-Add Opportunity with over 35% upside through strategic rent increases, operational efficiencies, and repositioning.
  • Urban infill location benefiting from continued public and private investment.

OVERVIEW

705 East 9th Street is a mixed-use investment property located in the heart of the Fashion District within Downtown Los Angeles. The property consists of approximately 60 Single Room Occupancy (SRO) residential units and 5 street-front retail spaces. The property provides several potential paths for increasing income and long-term asset value. A new owner may implement a focused renovation and management strategy to elevate vacant and turnover units, that will command higher rental rates.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$622 USD /SF

CAP RATE

4.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1924

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,749

ZONING

LAM2

APN/PARCEL ID

5146-025-024

ASK ABOUT THIS PROPERTY

David RichSVN | Rich Investment Real Estate PartnersMore Info
310-500-1239

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David RichSVN | Rich Investment Real Estate PartnersMore Info
310-500-1239

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