1212 S San Pedro Street, Los Angeles, CA 90015
- $2,600,000
- List Price
- $2,600,000
- Status
- ACTIVE
- MLS#
- CV26098949
- Year Built
- 1965
- Lot Size
- 14,065
- Acres
- 0.32
- Lot Location
- 6-10 Units/Acre, No Landscaping, Street Level, Walkstreet
- Days on Market
- 70
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
Prime Investment Opportunity in the heart of the Fashion District. This is an exceptional property with a long-term single NNN tenant since 1998, with the lease ending in November 2025. This property located on a high-traffic and surrounded by major retailers. It situated on a 14,065 sqft lot with total 7 units (A-G). The unit begins with Unit 1212-A (Fashion ONE) continues to Unit 1212-G (blu:m). The units from A to E is 1,540 sqft per unit. Units F & G are 1,510 sqft per unit. This is zoned for light industrial use with 11 parking spaces. The building was fully renovated in 2000. Each unit includes 1 bathroom along with front and back windows and door for entrances. This property is conveniently located just few block away from the 10 Freeway and only minutes from Downtown LA's vibrant culinary scene, diverse shops, and essential amenities. The property was appraised at $3,400,000. Approximate 5% cap rate. This property also on market for lease and asking at 3,000 per unit.
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Flat
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Jenny Xu (jenny@jennyxuhome.com) from Listing Office: RE/MAX MASTERS REALTY.
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