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Property profile

1120 S Grand Ave Los Angeles, CA 90015

FOR LEASE
Parking lots & garages
Property ID
US09-3858805
640,000 SF 1.49 ac lot Built 1966
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail opportunity in Los Angeles' vibrant South Park neighborhood offers a total of 5,314 square feet of space, currently entirely vacant and ready for immediate occupancy. The property, located at 1120 S Grand Ave, zip code 90015, is ideally suited for a variety of uses, including but not limited to shops, pet stores, experiential retail, entertainment venues, golf simulators, cafes, flower shops, recreational stores, fitness studios, and coffee shops. The space is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2015$21.26M
Assessed land$21.26M
Assessed improvement$1k

Value estimate

· Oct 2026
$13.31M
$11.98M – $14.64M
NOI build-up
Gross scheduled income$67k
Vacancy & credit loss−$7k
Operating expenses−$18k
NOI · 1,202,800.00% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$618/SF
Submarket average, outlier-cleaned · 581 recorded sales of this use type
Observed band · Q1–Q3$209 – $1,129

Cap rate analysis

How does the asset earn?
1,202,800.00%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LAR5
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat7.6
Pet Grooming Service7.3
Buffet6.8

Location

1120 S Grand Ave Los Angeles, CA 90015
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1405 Pico, Los Angeles, CA 90015-2447 $8,300,000 Jun 2025 14,880 SF
1403 Pico, Los Angeles, CA 90015-2447 $8,300,000 Jun 2025 14,440 SF
1124 Olive, Los Angeles, CA 90015 $3,957,000 Aug 2024 10,630 SF
1040 Main, Los Angeles, CA 90015 $2,701,000 Jun 2024 22,476 SF
1032 Main, Los Angeles, CA 90015 $2,701,000 Jun 2024 13,078 SF
1209 Grand, Los Angeles, CA 90015 $10,000,100 Mar 2023 10,350 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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