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    1218-1230 Los Angeles St Los Angeles, CA 90015

    Sponsored
    For Sale
    $10,899,000

    Prime LA Retail Center, High-Income Potential

    Property size:
    39,912 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 39,912 square foot shopping center, situated on a 41,030 square foot lot at 1218-1230 S Main St & 1219 S Los Angeles St, Los Angeles, CA 90015, presents a rare investment opportunity in the coveted Fashion District/South Park area. Built in 1982, this single-story property boasts a prominent 156-foot frontage on Main Street and a substantial 113-foot frontage on Los Angeles Street. The property's LA M2 zoning allows for future development potential, providing income during any entitlement process. Its strategic location places it directly on the border of the Fashion District and South Park District, across from the Axis Apartment Complex, and within easy access to major freeways: a 3/4-mile distance from the Harbor (110) Freeway and 1/4-mile from the Santa Monica (I-10) Freeway. The asking price is $10,899,000, translating to $273.07 per square foot. Detailed financial information, including rent rolls and income/expense details, is available upon request. This is a unique chance to acquire a high-performing retail asset with significant upside potential in a thriving Los Angeles location. The APN is 5139-027-016.

    Property Features for 1218-1230 Los Angeles St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    39,912 SF

    Building Details

    Year Built
    1982
    Stories
    1

    HighLights

    • $10,899,000 asking price for this 39,912 square foot retail shopping center.
    • Rare Fashion District/South Park District investment opportunity.
    • Potential future development site with existing income.
    • Prime location: 156‑foot Main Street frontage and 113‑foot Los Angeles Street frontage.
    • Convenient freeway access near the Harbor (110) and Santa Monica (I‑10) Freeways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -118.2596205
    Latitude
    34.0369103

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    FAQs

    What type of property is this?
    Lifestyle center - Prime LA Retail Center, High-Income Potential
    Where is this lifestyle center located?
    The property is located at 1218-1230 Los Angeles St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $10,899,000.
    What are key features of this property?
    This property features: $10,899,000 asking price for this 39,912 square foot retail shopping center.; Rare Fashion District/South Park District investment opportunity.; Potential future development site with existing income.
    Request Owner's contact information
    1218-1230 Los Angeles 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
    1218-1230 Los Angeles St Los Angeles, CA 90015
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