Street Retail on Santee Alley - 1154 Santee St, Los Angeles, CA 90015
For Sale
For Sale
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Year Built
1946
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Total Building Size
7,500 RSF
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Overview
Keller Williams Realty Westside Commercial is proud to present a VERY RARE investment opportunity in the heart of the Fashion District of Downtown Los Angeles. The offering consists of a 1-story 7,500 SF retail building that consists of 6 units, which is currently 100% occupied. It is located on Santee St. with THREE of the tenants opening onto famous Santee Alley!
The subject property consists of 6 tenants. The three tenants opening onto Santee Alley include: PerfumeLosAngeles.com, a company who has been in the cologne & perfume business for over 25 years; LA Jewelry House, who specializes in costume jewelry; Lola Shoetique: who, with multiple locations within the Fashion District, has separated itself from the rest and has become the "it" place for women's shoes & fashion within the area. The three tenants opening onto Santee St include: Milan Shoes, who specializes in both retail & wholesale of men's shoe's, clothing & accessories; Twenty-Six, who specializes in general merchandising geared to younger children; and tailor.
This offering will attract an investor who is looking for a "pride of ownership" property with a steady income for years to come in an in-fill location, with tremendous foot traffic and excellent current cash-flow.
Property Details
Keller Williams Realty Westside Commercial is proud to present a VERY RARE investment opportunity in the heart of the Fashion District of Downtown Los Angeles. The offering consists of a 1-story 7,500 SF retail building that consists of 6 units, which is currently 100% occupied. It is located on Santee St. with THREE of the tenants opening onto famous Santee Alley!
The subject property consists of 6 tenants. The three tenants opening onto Santee Alley include: PerfumeLosAngeles.com, a company who has been in the cologne & perfume business for over 25 years; LA Jewelry House, who specializes in costume jewelry; Lola Shoetique: who, with multiple locations within the Fashion District, has separated itself from the rest and has become the "it" place for women's shoes & fashion within the area. The three tenants opening onto Santee St include: Milan Shoes, who specializes in both retail & wholesale of men's shoe's, clothing & accessories; Twenty-Six, who specializes in general merchandising geared to younger children; and tailor.
This offering will attract an investor who is looking for a "pride of ownership" property with a steady income for years to come in an in-fill location, with tremendous foot traffic and excellent current cash-flow.
- Property TypeRetail
- Submarket
- Year Built1946
- Sale Price$8,695,000
- Total Building Size7,500RSF
- Total Acres0.17
- Cap Rate5.0%
- Number of Floors1
- Zoning2
- Property ID223192