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DAVID PRESSBERGPressberg [email protected] #01985788
JUSTIN WEISSVice [email protected] #01920886
JORDAN RUBINSTEINVice [email protected] #01736033
515 SOUTHLOS ANGELESSTREETDTLA Retail Building for Sale
Potential Owner-User Opportunity
515 S. Los Angeles St., DTLA | 2
ADDRESS515 S. Los Angeles St., Los Angeles, CA 90013
PRICING$2,850,000
YEAR BUILT1906
STORIES3 + Full Basement
LAND AREA±4,110 SF / 0.09 AC
GROSS BUILDING AREA±16,000 SF*
PARCEL NUMBER5148-019-002
S Lo
s An
gele
s St
E 5th St
S M
ain
St
S M
ain
St
*Total GBA includes basement; floors 1-3 total 12,090 SFAnnual Gross Income
$113,400Pro Forma Income
$181,350
Highlights • Unique, single-identity building with three floors
over full basement
• Current building lease is modified gross and ends 10/31/22
• Along one of the most active corridors at the intersection of Downtown’s Toy/Wholesale District, Historic Core and Fashion District
• Stable demand for space in the Toy/Wholesale District
• Within two blocks of 3,000 market-rate residential lofts and apartments, and adjacent to the new luxury apartment building, Topaz
• Ample surface parking lots and garages within ½ to two blocks of the property
• A block away from the amenity-rich Old Bank District, which boasts trendy restaurants, bars and hotels
• Walk Score of 98, Transit Score of 100 and within minutes of the 101, 5 and 110 Freeways
• Adjacent building at 517-521 S. Los Angeles St. is available for sale. Click here for more info.
SANTEE SANTEE COURTCOURT
PACIF ICPACIF ICELECTRIC ELECTRIC
LOFTSLOFTS
515 S. Los Angeles St., DTLA | 3
515 S. Los Angeles St., DTLA | 4
Los Angeles Street
Fifth Street
515515LOS ANGELESLOS ANGELES
STREETSTREET
ALSOALSOAVAILABLEAVAILABLECLICK FOR INFOCLICK FOR INFO
The Market
Residential1. Topaz2. The Jeffries Lofts3. Pacific Electric Lofts4. Santee Court5. Santa Fe Lofts6. San Fernando Lofts7. Helman Building8. HWH Building9. The Rowan 10. The El Dorado11. Security Building12. The Rosslyn Lofts13. Premier Tower Lofts14. SB Main15. SB Manhattan 16. SB Tower17. SB Spring18. Mercantile Lofts 19. Higgins Lofts
20. Ava Little Tokyo 21. Garfield Building22. Spring Arcade Lofts23. The Metropolitan24. Jewelry Trades25. The Judson 26. The Medallion 27. National City Lofts28. Great Republic Lofts
Hotels1. Citizen M2. Cambria3. Dream Hotel4. Continental Building 5. Cecil Hotel6. Ace Hotel7. Hotel Tuck8. Freehand9. The Hoxton
Retail/Restaurant1. Santee Passage2. Bar Amá3. Orsa and Winston4. KazuNori 5. The Lash 6. Red Bird7. Cole’s French Dip8. Varnish9. Mignon10. Black Sheep11. Yoko’s Kitchen12. Blossom 13. Joe’s Pizza14. Silver Lake Ramen 15. Beelman’s16. Tulsi Indian Eatery 17. The Falls Bar18. Spring Street19. Wild Living Foods
The property is situated at the intersection of Downtown Los Angeles’ Historic Core and Toy/Wholesale District, and just a stone’s throw from the Fashion District and Little Tokyo. This section continues to thrive with a high daytime density of wholesale goods shoppers and co-tenants while boasting mainstream restaurant tenants like KazuNori, Bar Amá and Cole’s French Dip. Nearby area developments include the under-construction Citizen M and Cambria hotels, both two blocks away, as well as the Topaz, Santa Fe Lofts and Pacific Electric Lofts apartment projects next door. There are more than 3,000 apartment/condo units within three blocks of the properties.
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515 S. Los Angeles St., DTLA | 5
DTLADTLA
Sale Comparables2
401-415 E. 11th St.Sale Price: $11,000,000 Price/SF: $356
RBA: 30,868 SF Land: 0.32 ACSale Date: 11/13/2019 Year Built: 1995
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729-737 S. Los Angeles St.Sale Price: $4,487,000 Price/SF: $434
RBA: 10,350 SF Land: 0.28 ACSale Date: 1/27/2020 Year Built: 1916
3
828 S. Main St.Sale Price: $5,000,000 Price/SF: $532
RBA: 9,402 SF Land: 0.22 ACSale Date: 12/18/2018 Year Built: 1994
501 S. Los Angeles St.Sale Price: $21,265,000 Price/SF: $322
RBA: 66,030 SF Land: 0.27 ACSale Date: 8/9/2018 Year Built: 1911
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515 S. Los Angeles St.Sale Price: $2,850,000 Price/SF: $178
RBA: 16,000 SF* Land: 0.09 ACSale Date: -- Year Built: 1906
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*Public record shows 12,090 SF
515 S. Los Angeles St., DTLA | 6
Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice..
JUSTIN WEISSVice President213-538-8631
[email protected] #01920886
JORDAN RUBINSTEINVice President310-887-3489
[email protected] #01736033
DAVID PRESSBERGPressberg Properties
DRE #01985788
515 S. Los Angeles St., DTLA | 7
