501 11Th St Los Angeles, CA 90015
- Retail space
- 19,464 SF
- 0.46 lot acres
Current Use by Public Records
- Style Cornerstone(Style One) / Clothing Wholesaler
Property Details for 501 11Th St
- Year built
- 1969
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.46 lot acres
- Property size
- 19,464 SF
- Zone code
- LAM2
- Property type
- Retail space
- APN
- 5145-019-020
- APU
- 5145019020
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,965,000
- 6.5%
- $13,895,000
- 7%
- $13,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $14,080,000
- Geo Method
- $12,525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,000,000
- Retail
- $10,290,000
- Mixed-Use
- $12,100,000
- Hospitality
- $10,470,000
- Educational
- $9,885,000
- Residential Income
- $9,520,000
- Energy
- $9,385,000
- Income-Based Land
- $10,840,000
- Food Service
- $12,205,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.254
- Latitude
- 34.0365
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA