Property profile

1155 Grand Ave 1 Los Angeles, CA 90015

OFF-MARKET
Retail space
Property ID
US10-0465350
2,170 SF 1.21 ac lot Built 2008
Trust Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,137 square foot restaurant space is located in the heart of Downtown Los Angeles' South Park neighborhood, within "The Shops @ Evo," the ground floor retail condominium of the LEED-certified Evo building. This single-tenant space boasts a prime location, offering unparalleled convenience and sophistication. Situated within a luxury residential building, it benefits from a built-in clientele of discerning residents. The space is fully equipped and ready for immediate operation, including a fully stocked bar and top-of-the-line kitchen facilities. An outdoor patio adds to the appeal, with occupancy permits for 78 inside and 32 on the patio. A full liquor license is available. The property enjoys exceptional proximity to major attractions, including Crypto.com Arena, L.A. LIVE, the L.A. Convention Center, and the proposed Farmers Field Football Stadium. It's also conveniently located near the Metro Expo Line and numerous hotels and residential developments, ensuring a high volume of potential customers. With 14 million annual visitors to the South Park area, this presents a rare opportunity to establish a thriving culinary business in a dynamic and high-demand location. The building itself is a 24-story, 311-unit luxury residential complex completed in 2008. The surrounding area is experiencing significant growth, with thousands of new residential units and hotel rooms under construction within a short radius.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction STEEL FRAME
Total area 2,170 SF
Lot 1.21 ac (52,756 SF)
Zoning code LAR5
APN 5139-028-001
UPID US10-0465350

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Marketing & Advertising Printing Service
  • Travel Agency Tour Operator
  • Corporate Office
  • Physician

Location

1155 Grand Ave, Unit 1 Los Angeles, CA 90015-2199
Los Angeles metro Census 207902 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$775k
Comparable Approach Comparable
$495k
Blend (final) Blend
$715k

Owner & transaction history

since 2013
4 recorded transactions
2019
Price N/A
2013
Price N/A
2010
$928,000
2010
Price N/A

Zoning & alternative use

LAR5 · Los Angeles, CA
Top alternative use upside
Auto repair, garage $1.2M +28.7%
Office building $1.1M +18.8%
Medical building $990,000 +7.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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