1218-1230 Los Angeles St Los Angeles, CA 90015
- Lifestyle centers
- 39,912 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 1218-1230 Los Angeles St
- Year built
- 1982
- Property size
- 39,912 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26
- Latitude
- 34.0369
