$2,500,000
Price
$143,844
NOI
5.75%
Cap Rate
$367
Price Per SF
6,815
Building SF
Single
Tenancy
  • Dive into the heart of the Downtown Los Angeles Fashion District with this prime property on 1416 S. Los Angeles Street. This 6,898-square-foot gem is your ticket to a thriving investment opportunity strategically positioned for growth under the DTLA 2040 Plan. This property presents a prime investment or owner-user opportunity in the heart of Downtown Los Angeles, located in the bustling South Los Angeles Street Garment District. The building is fully occupied by tenants with strong credit, ensuring a stable income stream. Situated near a vibrant hub that includes Crypto.com Arena, LA Live!, With the GRAMMY Museum, the Los Angeles Convention Center, and thousands of luxury condos and apartments, this location is ideal for capitalizing on the area's growth. This combination of features offers investors, owners, or developers a unique opportunity to meet the increasing demand for housing and commercial spaces in the thriving DTLA community. Take the reins and steer your portfolio towards success with this visionary investor's dream.
Downtown Los Angeles Garment District
  • Fashion District: The property is located in the heart of the Fashion District in Downtown Los Angeles, known for its high concentration of fashion showrooms, wholesale businesses, and retail stores. It is a bustling area with fashion industry professionals and shoppers frequenting the numerous boutiques and shops.
  • Accessible transportation: The area is well-served by public transportation, including the nearby Metro station and bus stops. This accessibility makes it convenient for employees, customers, and visitors to access the property without the need for a car.
  • Dining options: The vicinity offers a diverse selection of dining options ranging from popular food trucks to trendy cafes and upscale restaurants. This variety caters to the diverse tastes of locals, tourists, and workers in the area.
  • Artistic hub: The neighborhood is known for its vibrant arts scene, with numerous art galleries, studios, and street art installations. This creative environment adds to the cultural richness of the area and attracts artists and art enthusiasts.
  • Revitalization efforts: The surrounding area has seen ongoing revitalization efforts aimed at enhancing the overall appeal and infrastructure. These improvements may lead to increased property values and a more vibrant community in the future.
FOR MORE DETAILS CONTACT
Michael Mehdizadeh
Sr. Vice President
(310) 466-9580
michael@iaginco.com
01315713
Andrew Lee
Broker
(213) 625-1629
aclee.aig@gmail.com
01046440