1048 S. Los Angeles St, Los Angeles
PRICE REDUCED BY $550,000!!! Complete remodel includes new roof, plumbing, electrical, HVAC, elevator, floors, walls, drywall, frames and insulation. Within a mile of the Staples Center, LA Live, LA Convention Center, Santee Alley and the Flower Market, 1048 South Los Angeles is an almost fully occupied office/retail building located at the corner of Los Angeles Street and 11th in the heart of Downtown's Fashion District. The property consists of 15 units – 7 office suites above 8 ground-floor retail units. A great opportunity exists for an owner/user to occupy the building or for an investor to increase value by repositioning the asset.
*Mostly Rebuilt in 2009!
*Office over Retail building with below-market, month-to-month leases
*Owner-User or value-add opportunity
*Great corner location in the Fashion District – the hub of the L.A.'s fashion industry, featuring more than 2,000 retail and wholesale businesses
*Close to Staples Center, LA Live and Santee Alley
Offered at $4,950,000