1139 Santee St Los Angeles, CA 90015-1721
This three-unit, 6,450-square-foot shopping center, located at 1139 Santee Street in Los Angeles, CA 90015, presents a unique owner-user opportunity. The property, built in 1956 and situated on a 7,500-square-foot lot (APN 5145-021-016), boasts a prime location in the heart of the Downtown Los Angeles Fashion District, adjacent to the renowned Santee Alley. Currently, two units are occupied, while one is vacant, offering immediate potential for customization. The three-story building is zoned LA M2 and benefits from high visibility and heavy traffic exposure, with a 2018 traffic count of 7,028 vehicles per day. Its proximity to numerous new development projects and the availability of nearby street and contract parking further enhance its appeal. The asking price is $4,000,000. This asset is ideal for retail or wholesale fashion businesses seeking a prominent Downtown Los Angeles presence. The property is delivered vacant, allowing for immediate occupancy and tenant improvements to suit the buyer's specific needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LAM2 · Los Angeles, CALos Angeles. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.