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705 E 9th St 8,849 SF Flex Building Los Angeles, CA 90021 $5,500,000 ($621.54/SF) 4.51% Cap Rate
Investment Highlights
- Rare 65-Unit Mixed-Use Residential Hotel in the heart of Downtown Los Angeles Fashion District.
- Urban infill location benefiting from continued public and private investment.
- Significant Value-Add Opportunity with over 35% upside through strategic rent increases, operational efficiencies, and repositioning.
Executive Summary
705 East 9th Street is a mixed-use investment property located in the heart of the Fashion District within Downtown Los Angeles. The property consists of approximately 60 Single Room Occupancy (SRO) residential units and 5 street-front retail spaces. The property provides several potential paths for increasing income and long-term asset value. A new owner may implement a focused renovation and management strategy to elevate vacant and turnover units, that will command higher rental rates.
Property Facts
| Price | $5,500,000 | Rentable Building Area | 8,849 SF |
| Price Per SF | $621.54 | No. Stories | 4 |
| Sale Type | Investment | Year Built | 1924 |
| Cap Rate | 4.51% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 0.9/1,000 SF |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.13 AC | ||
| Zoning | LAM2 | ||
| Price | $5,500,000 |
| Price Per SF | $621.54 |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.13 AC |
| Rentable Building Area | 8,849 SF |
| No. Stories | 4 |
| Year Built | 1924 |
| Tenancy | Single |
| Parking Ratio | 0.9/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | LAM2 |
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Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5146-025-024 | Improvements Assessment | $207,907 |
| Land Assessment | $55,184 | Total Assessment | $263,091 |
Property Taxes
Parcel Number
5146-025-024
Land Assessment
$55,184
Improvements Assessment
$207,907
Total Assessment
$263,091
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Contact the Sale Advisor
705 E 9th St