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Creative Conversion/Development Opportunity 1218-1230 S Main St 31,600 SF Retail Building Los Angeles, CA 90015 $10,899,000 ($344.91/SF)
INVESTMENT HIGHLIGHTS
- Los Angeles-Main Fashion Plaza Shopping Center with 120 Car Rooftop Parking
- Future Development Site with Income During Entitlement Period
- Ownership Will Consider Seller Financing
- Rare Fashion/South Park Districts Purchase Opportunity
- Block to Block Between Los Angeles & Main Streets
EXECUTIVE SUMMARY
Rare Fashion District/South Park District purchase opportunity. Future development site with income during entitlement period. Call broker for rent roll and income/expense details. 2 buildings on a block-to-block property between Los Angeles & Main Streets. 156 foot frontage on Main St and 113 foot frontage on Los Angeles St. Located right on the border of the Fashion District and South Park District. Across from Axis Apartment Complex. 3/4-mile east of the Harbor (110) Freeway and 1/4-mile north of the Santa Monica (I-10) Freeway. Surface and rooftop parking for 120± vehicles (parking covenant in place: call broker). TOC: Tier 3. Ownership will consider seller financing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
31,600 SF
Building Class
C
Year Built
1982
Price
$10,899,000
Price Per SF
$344.91
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.94 AC
Zoning
LA M2 - Light Industrial M1 and MR2 Uses, Additional Industrial Uses, Storage Yards, Animal Keeping, Enclosed Composting, no R Zone Uses
Parking
120 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5139-027-016 | Improvements Assessment | $3,465,934 |
| Land Assessment | $1,505,751 | Total Assessment | $4,971,685 |
PROPERTY TAXES
Parcel Number
5139-027-016
Land Assessment
$1,505,751
Improvements Assessment
$3,465,934
Total Assessment
$4,971,685
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Creative Conversion/Development Opportunity | 1218-1230 S Main St
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