2600 Main StLos Angeles, CA 90007

Property Details for 2600 Main St

Year built

1996

Construction

TILT-UP CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

4,537 SF

Zone code

LACM

Property type

Retail properties

Property subtype

Retail space

APN

5210-005-031

APU

5210005031

Description

This exceptional Los Angeles investment opportunity presents a unique blend of commercial and residential properties totaling 20,405 square feet on three contiguous parcels (23,774 sq ft total land area). Located at the signalized intersection of Main Street and Adams Boulevard, just three blocks from USC's Lorenzo Apartments, this property offers significant redevelopment potential. The existing structures comprise a two-story, 18,200 square foot industrial/flex building (zoned M1), a single-story four-unit residential apartment building (zoned R4), and a parking lot (zoned R4). Currently 100% occupied by month-to-month tenants, this provides immediate income while allowing a buyer the flexibility to occupy all or part of the buildings, or continue leasing to existing tenants during renovations or redevelopment. The property boasts a current NOI of $181,400, with a pro-forma NOI of $379,935 projected after light renovations, resulting in a pro-forma cap rate of 7.31%. The asking price is $5,200,000, representing a price per square foot of $254.84 and a land value of $219 per square foot. The property features 50 parking spaces and is situated in an Opportunity Zone, offering substantial federal capital gains tax incentives. Built in 1905, the property includes two buildings with two stories, and is zoned M1, R4, and R4 across the three parcels. This is a rare opportunity to acquire a fully occupied, mixed-use property with substantial upside potential in a prime Los Angeles location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,967,185

  6.5%

  $1,815,863

  7%

  $1,686,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,174,145

  Geo Method

  $2,174,145

• Alternative Use

  Use

  Valuation

  Residential

  $1,531,748

  Hospitality

  $1,403,073

  Educational

  $1,167,340

  Medical

  $1,207,487

  Retail

  $1,815,863

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0657

Longitude

-118.215

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.