604 E 12th Street , Los Angeles, CA 90015
Los Angeles, CA 90015
Description
This is an ideal owner user or investment opportunity in the heart of the FashionDistrict in Downtown Los Angeles at 604-610 E12th St between San Julian St & San Pedro St. The subject property features a 6,750 SF building with two retail spaces currently occupied on short-term leases with no option periods, offering flexibility to an owner user to occupy half or the entire building, or an investor to execute new leases at market rents. The current tenants are both clothing wholesalers with lease expirations of 12/31/2025. The site benefits from alley access and has four gated parking spaces at the rear of the property. Ownership recently painted the exterior of the building. Tenants benefit from both the foot and car traffic along E 12th St; one mile from the LA ConventionCenter, Crypto.com Arena, and LA Live. The Fashion District continues to be the heart of commerce in Downtown Los Angeles with local businesses thriving in the neighborhood; the area has also benefited from expanded residential development in Downtown LA.
Details
| Mls | 24449733 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 57 |
| Listing Provided By | Marcus & Millichap 310-909-5500 | Neema Ahadian |
Features
| Sq Feet | 6,750 |
|---|---|
| Storys | 1 |
| Zoning | LAM2 |
| Acreage | 0.17 |
Market Activity 90015
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| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90015) | |
Price: $2,600,000 low | high Med: $485,000 SqFt: 6,750 low | high Med: 925 $ / SqFt: $385 low | high Med: $531 On Site: 57 low | high Med: 54.500000 | |