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1048-1050 S Los Angeles St 15,229 SF 100% Leased Retail Building Los Angeles, CA 90015 $5,750,000 ($377.57/SF) 4.43% Cap Rate
Investment Highlights
- Extensively Reconstructed Following 2009 Fire
- Approved Plans and Permit Documentation Available
- Prime Downtown Los Angeles Fashion District Location
- New Electrical, Plumbing, HVAC, Roof & Elevator Systems
- 15,229 SF Mixed-Use Retail & Office Asset
- Signalized Corner Property
Executive Summary
1048–1052 S. Los Angeles Street presents a rare opportunity to acquire an extensively reconstructed mixed-use retail and office asset in the heart of Downtown Los Angeles' Fashion District. Following a 2009 fire, the property underwent substantial rebuilding and modernization including structural repairs, new roof systems, electrical upgrades, plumbing replacement, HVAC installation, elevator replacement, restroom reconstruction, and building-wide improvements. Plans, permits, and final inspections are available.
The property is currently occupied by long-term tenants operating primarily on month-to-month lease agreements. Ownership has generally not implemented significant rent increases for approximately ten years, creating substantial mark-to-market rental upside and future NOI growth potential.
The combination of stable in-place cash flow, extensive capital improvements, owner-user flexibility, and significant rental upside creates a compelling value-add investment opportunity.
Offering Price: $5,750,000 ($378/SF)
Current NOI: Approximately $254,790
Current Cap Rate: Approximately 4.4%
Building Size: ±15,229 SF
Zoning: LAM2
The property is currently occupied by long-term tenants operating primarily on month-to-month lease agreements. Ownership has generally not implemented significant rent increases for approximately ten years, creating substantial mark-to-market rental upside and future NOI growth potential.
The combination of stable in-place cash flow, extensive capital improvements, owner-user flexibility, and significant rental upside creates a compelling value-add investment opportunity.
Offering Price: $5,750,000 ($378/SF)
Current NOI: Approximately $254,790
Current Cap Rate: Approximately 4.4%
Building Size: ±15,229 SF
Zoning: LAM2
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,229 SF
Building Class
C
Year Built
1922
Price
$5,750,000
Price Per SF
$377.57
Cap Rate
4.43%
NOI
$254,790
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.95
Lot Size
0.18 AC
Zoning
LAM2 - LAM2
Amenities
- 24 Hour Access
- Controlled Access
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
- Awning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Perfumes Cosmetics & Beauty Supply
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Perfumes Cosmetics & Beauty Supply | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5145-020-005 | Total Assessment | $3,736,421 |
| Land Assessment | $2,241,854 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,494,567 | Tax Year | 2025 |
Property Taxes
Parcel Number
5145-020-005
Land Assessment
$2,241,854
Improvements Assessment
$1,494,567
Total Assessment
$3,736,421
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Street
Map
Presented by
K2 Investment, Inc.
1048-1050 S Los Angeles St
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