1416 S Los Angeles Street, Los Angeles, CA 90015

Building Details

Building Size 6,815 SF More

Year Built 1913 More

Listing Agency: Andrew C. Lee Show Phone

Listed By: Moussa Mehdizadeh · License #01315713

Source: Middlemanteam

Added: Jan 22 Changed: Nov 7 Last Checked: Nov 7 at 7:31PM

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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 Andrew C. Lee

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Investment Insights

Based on property information with market context.

This 6,815-square-foot storefront property was built in 1913 and is fully occupied by tenants described as having strong credit. The existing tenancy provides an established occupancy profile for the building.

The property is at 1416 S Los Angeles Street in Downtown Los Angeles, within the South Los Angeles Street Garment District.

Key Highlights

• 6,815‑square‑foot storefront property
• Fully occupied by tenants described as having strong credit
• Built in 1913

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$158,157

Cap Rate

6.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,163,140 $3.2M

Cap Rate 7%

$2,259,386 $2.3M

Cap Rate 9%

$1,757,300 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,815 SF

Gross rent

$251.9K $36.96/SF

− Vacancy

−$25.9K −$3.81/SF

EGI

$225.9K $33.15/SF

− OpEx

−$67.8K −$9.95/SF

NOI

$158.2K $23.21/SF

Area

Los Angeles, CA

Vacancy

10.30%

Lease Rate

$36.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,163,140

Cap Rate 7%

$2,259,386

Cap Rate 9%

$1,757,300

Alternative Uses

Best Use

Retail

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,157 @ 7.0% cap · market cap 6.33%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$138.07M

$120.81M – $161.08M (±1% cap)

NOI $9,664,747 @ 7.0% cap · market cap 386.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Jeans Express Clothing & Fashion Store Levi’s Clothing Store

Suggested Use

Top Pick Daycare Center Pet Grooming Service Veterinary Clinic Tanning Salon Adult Day Care Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

10,941

Businesses Nearby

Well-served

Demand for This Use

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

Market

Average Price Trend$/SF for Storefront properties in Los Angeles, CA

$479 Jul

$473 Aug

$473 Sep

$441 Oct

Properties on Market for Storefront properties in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The building is fully occupied by tenants characterized as having strong credit.

Where is this storefront property located?

The property is located at 1416 S Los Angeles Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 6,815‑square‑foot storefront property; Fully occupied by tenants described as having strong credit; Built in 1913