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    501 11Th St Los Angeles, CA 90015

    Sponsored
    For Sale
    $9,000,000

    13-Unit Retail Building, $9M

    Property size:
    16,105 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 16,105-square-foot retail property, located at 501 E 11th St, Los Angeles, CA 90015, presents a unique investment opportunity. Situated on a 19,980-square-foot lot in the heart of the Fashion District, at the corner of 11th and Wall Streets, this multi-tenant building boasts 13 units, currently operating under a gross lease structure. The property features 48 parking spaces conveniently located on the rooftop. Constructed in 1969, the building is zoned M2-2D. Currently, several units are occupied on month-to-month leases, with some vacancies and a few units utilized as warehouses at below-market rates. This presents a compelling opportunity for an owner-user seeking a showroom space, particularly given the potential for future zoning changes and significant land value appreciation. The property's prime location within a predominantly retail/wholesale area offers strong potential for future development and increased rental income. The APN is 5145-019-020. This is a rare chance to acquire a substantial retail asset in a thriving Los Angeles market. The asking price is $9,000,000.

    Property Features for 501 11Th St

    General Information

    Property type
    Retail properties
    Square Feet
    16,105 SF

    Building Details

    Year Built
    1969
    Units
    13

    HighLights

    • $9,000,000 asking price for a 16,105 SF retail property.
    • 13‑unit multi‑tenant building with 48 parking spaces.
    • Gross lease type.
    • Located at 501 E 11th St, Los Angeles, CA 90015.
    • Built in 1969, with a 19,980 sq ft lot and M2‑2D zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Style Cornerstone(Style One) Clothing Wholesaler

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2540104
    Latitude
    34.0365262

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    FAQs

    What type of property is this?
    Retail property - 13-Unit Retail Building, $9M
    Where is this retail property located?
    The property is located at 501 11Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: $9,000,000 asking price for a 16,105 SF retail property.; 13-unit multi-tenant building with 48 parking spaces.; Gross lease type.
    Request Owner's contact information
    501 11Th St Los Angeles, CA 90015
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    Los Angeles, CA 90015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 11Th St Los Angeles, CA 90015
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