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1407-1409 W 11th St
Los Angeles, CA 90015
LA Live Adjacent 2 Story Bldg w Rooftop Views · Office Property For Sale
Investment Highlights
- Beautiful secure courtyard
- Open floor plan
- High Ceilings - 14 feet (upstairs & downstairs)
Executive Summary
Location, Location, Location. Great spot 1 block away from LA Live / Convention Center. a couple blocks from Metro E Line. 50% upside in value with upcoming hotel development across the street. Rooftop patio views of the LA skyline. 2 Story building, commercial downstairs (3300 sq ft) / residential upstairs (3300 sq ft) .. plus beautiful courtyard for up to 10 cars. Assumable 2nd SBA Loan (at 2.169% on a 25 year schedule).
Currently owner has business occupying downstairs and Loyola Law Students upstairs.
Currently owner has business occupying downstairs and Loyola Law Students upstairs.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
6,630 SF
Building Class
C
Year Built
1924
Price
$3,900,000
Price Per SF
$588.24
Cap Rate
5.80%
NOI
$226,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,300 SF
Slab To Slab
14’
Building FAR
1.09
Lot Size
0.14 AC
Zoning
LAC1 - commercial bottom floor, residential upper floor
Parking
10 Spaces (1.51 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Skylights
- Reception
- Roof Terrace
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | 5137-012-010 | Improvements Assessment | $437,456 |
| Land Assessment | $2,187,291 | Total Assessment | $2,624,747 |
Property Taxes
Parcel Number
5137-012-010
Land Assessment
$2,187,291
Improvements Assessment
$437,456
Total Assessment
$2,624,747
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