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$2,600,000
Est. payment /mo
6,750 SqFt
UPDATED:
10/07/2024 05:44 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,750 sqft
Price per Sqft $385
MLS Listing ID 24-449733
Year Built 1936
Lot Size 7,472 Sqft
Acres 0.1716
Property 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.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAM2
Building
Story 1
Others
Special Listing Condition Standard
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Listed by Marcus & Millichap
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