New 38 Unit Residential & Retail Building near LA Live

Highlights:

• Brand New Construction Building in DTLA's South Park by LA Live
• 38 Residential Mixed Income Units + Ground Floor Retail
• Possibility to add 8 ADUs
• Modern Architectural Design with High-end Finishes
• Certificate of Occupancy Expected in May
• 95 Walk Score - 100 Transit Score, per “Walk Score”
• Walking distance to Metro Station, Major Transit Hubs, LA Live, Crypto.com Arena, & LA Convention Center

Description:

This newly constructed mixed-use property is an exceptional commercial asset with strong investment potential. The property consists of 38 residential units along with a ground-floor retail space, offering a dynamic opportunity for both residential and commercial tenants.

This brand new building is expecting a Certificate of Occupancy in May.

No expenses have been spared in the building's construction, ensuring high-end finishes and modern conveniences, that should help in a brisk lease-up. Additionally, the property boasts two stories of underground parking, providing ample space for tenants and visitors alike, in an area that is not known for easy parking!

Situated in the heart of Downtown Los Angeles, the property is only a block away from the Convention Center, ensuring high foot traffic and visibility. Being directly across the street from the AC Hotel and the newly opened Level 8 attractions, this is a very attractive location for residents and businesses alike. The area is surrounded by key Business Districts, including restaurants, shopping centers, and entertainment venues such as LA Live and Crypto.com, further adding to its desirability.

This Walker's Paradise has a Walk Score of 95, and this Rider's Paradise has a Transit Score of 100! Future Tenants will benefit from the 2 levels of underground parking and the Metro E Lightrail Line literally a tenth of a mile away from this property, which would open up possibilities to all parts of Los Angeles and Socal without a car!

This impressive development features a modern architectural design with high-quality construction. The building's 38 residential units are ideal for Urban Dwellers seeking convenience and luxury. The ground-floor retail space enhances the property’s commercial appeal, making it a prime location that is sure to be sought after in no time. Energy-efficient systems and modern security features ensure a sustainable and secure environment for prospective tenants.

The property is currently vacant, providing a unique opportunity for investors or owner-users to lease the space according to their strategy. The combination of residential and retail space offers flexibility in tenant mix and lease structures, which enhances the income potential.

This property offers a compelling investment opportunity with strong future cash flow potential, premium construction, and a high tenant demand area. With this prime location near the Convention Center and major attractions, this is an ideal asset for long-term appreciation and profitability. With no expenses spared in its development, the property stands out as a top-tier investment in the Downtown Los Angeles market.

Comparable properties in the area indicate strong market demand, with recent sales and lease rates reflecting a positive trend. This asset is competitively priced in relation to similar properties, further solidifying its position as a valuable investment.

The Seller can offer a potential Buyer Seller-Carry of 70% at 8.5% annually, for a year until the building is stabilized. Property is fully compliant with LA transit Oriented Communities reductions. 6 Affordable Units: 2 Very Low Income & 4 Low Income.

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