1155 Grand Ave Los Angeles, CA 90015
- Retail space
- 2,170 SF
- 1.21 lot acres
Current Use by Public Records
- BRCHN Design House / Design Agency / Industrial Design Company
- Q P Printing Ltd / Commercial Printer / Professional Services
- The tourist factory USA / Tour Agency
- Katz Management / Corporate Office
- DR KELVIN WAN LIN / Doctor
Property Details for 1155 Grand Ave
- Year built
- 2008
- Construction
- STEEL FRAME
- Lot size
- 1.21 lot acres
- Property size
- 2,170 SF
- Zone code
- LAR5
- Property type
- Retail space
- APN
- 5139-028-001
- APU
- 5139028001
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $840,000
- 6.5%
- $775,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $495,000
Market price range: $106k - $523k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $915,000 Current use
- AUTO REPAIR, GARAGE
- $1,180,000 Change: +29% Conversion: Difficult
- OFFICE BUILDING
- $1,090,000 Change: +19% Conversion: Easy
- MEDICAL BUILDING
- $990,000 Change: +8% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $920,000 Change: +0% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.263
- Latitude
- 34.0408
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
