16th and Los Angeles Streets SWC 2 Properties Offered at $7,500,000 in Los Angeles, CA

Two properties comprise this portfolio sale. The building located at the corner of 16th and Los Angeles Street is a three story building with partial basement built in 1914 and completely renovated in 2005. Next to the three story building is a single story multitenant retail/wholesale building built in 2008 with alley loading. The current combined income on the property is approximately $36,000 per month. The property offers stable income with long term tenants with short leases thereby allowing a Buyer to reposition more favorable rental rates. The properties are situated on two separate parcels of land. Per assessor's records, the three story building (1601 Los Angeles Street APN 5133-014-015) is approximately 27,765 square feet on 9,722 square feet of land. The single story building (APN: 5133-014-014) is approximately 6,155 square feet on 6,291 square feet of land. The total combined footage is approximately 34,000 sq. ft. of building on 16,000 square feet of land.