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Creative Conversion/Development Opportunity 1218-1230 S Main St 31,600 sq ft Retail Property Los Angeles, CA 90015 £8,069,075 (£255.35/sq ft)
INVESTMENT HIGHLIGHTS
- Los Angeles-Main Fashion Plaza Shopping Center with 120 Car Rooftop Parking
- Future Development Site with Income During Entitlement Period
- Ownership Will Consider Seller Financing
- Rare Fashion/South Park Districts Purchase Opportunity
- Block to Block Between Los Angeles & Main Streets
EXECUTIVE SUMMARY
Rare Fashion District/South Park District purchase opportunity. Future development site with income during entitlement period. Call broker for rent roll and income/expense details. 2 buildings on a block-to-block property between Los Angeles & Main Streets. 156 foot frontage on Main St and 113 foot frontage on Los Angeles St. Located right on the border of the Fashion District and South Park District. Across from Axis Apartment Complex. 3/4-mile east of the Harbor (110) Freeway and 1/4-mile north of the Santa Monica (I-10) Freeway. Surface and rooftop parking for 120± vehicles (parking covenant in place: call broker). TOC: Tier 3. Ownership will consider seller financing.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Property Size
31,600 sq ft
Costar Property Class
C
Year Built
1982
Price
£8,069,075
Price per sq ft
£255.35
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.77
Total Plot Size
0.94 ac
Use Class
LA M2 - Light Industrial M1 and MR2 Uses, Additional Industrial Uses, Storage Yards, Animal Keeping, Enclosed Composting, no R Zone Uses
Parking
120 Spaces (3.8 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Bus Route
Walk Score®
Excellent pedestrian access (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Good for cycling (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5139-027-016 | Improvements Assessment | £2,566,004 |
| Land Assessment | £1,114,783 | Total Assessment | £3,680,787 |
PROPERTY TAXES
Parcel Number
5139-027-016
Land Assessment
£1,114,783
Improvements Assessment
£2,566,004
Total Assessment
£3,680,787
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Creative Conversion/Development Opportunity | 1218-1230 S Main St
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