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1600 S Main St 10,199 SF 100% Leased Retail Building Los Angeles, CA 90015 $4,795,000 ($470.14/SF) 4.19% Cap Rate
Investment Highlights
- Prime Signalized Corner Location
- Fully Occupied, Multi-Tenant Retail Asset with stable in-place income
- Minimal Landlord Responsibilities
- Heavy Daily Traffic Exposure with approximately 20,000 vehicles per day
- Flexible M2 Zoning
- Appraised in 2025 at $5,500,000
Executive Summary
Fully occupied, multi-tenant retail property located on a prime signalized corner at S. Main Street and 16th Street. The asset features strong street visibility, heavy daily traffic, flexible M2 zoning, and minimal landlord responsibilities. Near-term lease flexibility provides owner-user and SBA potential, while existing income supports an investment hold in a highly walkable and transit-rich urban location.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
10,199 SF
Building Class
C
Year Built/Renovated
1948/2015
Price
$4,795,000
Price Per SF
$470.14
Cap Rate
4.19%
NOI
$201,075
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
LAM2 - M2 Zoning allowing a wide range of industrial, warehouse, distribution, light manufacturing, and select commercial uses.
Amenities
- Bus Line
- Signalized Intersection
Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5133-014-001 | Improvements Assessment | $836,637 |
| Land Assessment | $3,346,555 | Total Assessment | $4,183,192 |
Property Taxes
Parcel Number
5133-014-001
Land Assessment
$3,346,555
Improvements Assessment
$836,637
Total Assessment
$4,183,192
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1600 S Main St
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