Reconstructed Mixed-Use Retail
For Sale
$4,950,000
1048 S Los Angeles Street, Los Angeles, CA 90015
Signalized corner property combines ground-floor storefronts with second-floor office suites in Downtown Los Angeles.
Property Size15,229 SF
Price / SF$325.04
Days on Market142
Property Features for 1048 S Los Angeles Street
General Information
Standard status
Active
Size
15,229 SF
Elevators
Yes
Property subtype
COMMERCIAL
Zoning
LAM2
Site & Location
Neighborhood
Downtown
Corner Location
Yes
Building Details
Building Size
15,229 SF
Year Built
1922
Buildings
1
Tenancy
Multi
Listing Agency:
K2 Investment Inc.
Listed By:
Bobak Kalhor · License #01198998
From the agent's profile:
(213) 624-0490
Source:
Archetyperealty
Added: Jun 15
Changed: Oct 31
Last Checked: Nov 1 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of K2 Investment Inc.
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Investment Insights
Based on property information with market context.
Originally built in 1922, this mixed-use commercial building provides approximately 15,229 square feet across retail storefronts and upper-level office suites. The property was substantially rebuilt after a 2009 fire, with work that included structural repairs, roof replacement, electrical and plumbing upgrades, HVAC installation, elevator replacement, and restroom reconstruction. Plans, permits, and final inspections are available.
The building occupies a signalized corner in Downtown Los Angeles’ Fashion District and is zoned LAM2. Existing occupancy consists of long-term tenants, primarily under month-to-month lease agreements. Nearby destinations identified for the property include California Market Center, Santee Alley, LA Live, Crypto.com Arena, and the Los Angeles Convention Center.
The building occupies a signalized corner in Downtown Los Angeles’ Fashion District and is zoned LAM2. Existing occupancy consists of long-term tenants, primarily under month-to-month lease agreements. Nearby destinations identified for the property include California Market Center, Santee Alley, LA Live, Crypto.com Arena, and the Los Angeles Convention Center.
Key Highlights
- Approximately 15,229 square feet of retail and office space
- Signalized corner location in Downtown Los Angeles’ Fashion District
- Substantial reconstruction completed following a 2009 fire
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$361,479
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,229,580
$7.2M
Cap Rate 7%
$5,163,986
$5.2M
Cap Rate 9%
$4,016,433
$4.0M
Market Conditions
NOI Build-Up for 15,229 SF
Gross rent
$592.1K $38.88/SF
− Vacancy
−$110.1K −$7.23/SF
EGI
$482.0K $31.65/SF
− OpEx
−$120.5K −$7.91/SF
NOI
$361.5K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,229,580
Cap Rate 7%
$5,163,986
Cap Rate 9%
$4,016,433
Alternative Uses
Best Use
Office B
$5.16M
$4.52M – $6.02M
NOI $361,479 @ 7.0% cap · market cap 7.30%
Second Best
Retail
$5.05M
$4.42M – $5.89M
NOI $353,422 @ 7.0% cap · market cap 7.14%
Theoretical Best
Multifamily LT 5
$308.53M
$269.96M – $359.95M
NOI $21,597,128 @ 7.0% cap · market cap 436.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Signalized corner property combines ground-floor storefronts with second-floor office suites in Downtown Los Angeles.
Where is this mixed-use property located?
The property is located at 1048 S Los Angeles Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approximately 15,229 square feet of retail and office space; Signalized corner location in Downtown Los Angeles’ Fashion District; Substantial reconstruction completed following a 2009 fire
