Property profile

500 7th St Los Angeles, CA 90014

OFF-MARKET
Investment properties
Property ID
US09-6484182
147,916 SF 0.77 ac lot Built 1917
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,000-square-foot retail space is ideally situated in Los Angeles' vibrant downtown core, specifically within the bustling Financial/Jewelry District. Located at 500 W 7th Street, zip code 90014, this single-tenant property offers unparalleled visibility and accessibility. The property is a highly desirable endcap unit, ensuring maximum exposure to pedestrian and vehicular traffic. The entire 2,000 square feet is currently vacant, presenting a blank canvas for a discerning tenant to customize and establish their business. The building's location within Los Angeles County, California, places it in a high-traffic area with significant foot traffic and proximity to major transportation arteries. This presents a unique opportunity for businesses seeking a prominent location in a thriving commercial district. The property's classification as a commercial retail space makes it suitable for a wide range of retail ventures. Its single-tenant occupancy ensures exclusive use and control of the entire space. This is a rare opportunity to secure a prime retail location in a dynamic and rapidly growing area of Los Angeles. The property's size and location make it an attractive investment for businesses seeking high visibility and accessibility. Serious inquiries are encouraged to explore this exceptional retail space.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1917
Construction STEEL FRAME
Total area 147,916 SF
Lot 0.77 ac (33,418 SF)
Zoning code LAC2
APN 5144-012-055
UPID US09-6484182

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
  • Atm
  • Locksmith (Bike/Boat/Book/etc) Store
  • Hardware & Home Improvement General Contractor

Location

500 7th St Los Angeles, CA 90014-2502
Los Angeles metro Census 207712 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.92M
Blend (final) Blend
$16.71M

Owner & transaction history

since 2020
5 recorded transactions
2020
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LAC2 · Los Angeles, CA

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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