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.
Property Details
Price:
$2,600,000
MLS #:
24449733
Status:
Active
Baths:
0
Address:
604 E 12th Street
Type:
Commercial
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Aug 23, 2024
State:
CA
ZIP:
90015
Year Built:
1936
Schools
Interior
Exterior
Parking Spots
0.00
Stories Total
1
Financial
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
604 E 12th Street
Los Angeles, CA
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