Overview

Description

Welcome to 900-914 E. 9th Street & 900-922 Stanford Avenue, Los Angeles, CA 90021 - an exceptionally rare commercial real estate gem in the heart of Downtown LA. This property comprises of three well maintained flex buildings, offering approximately 35,000 square feet of versatile space. Situated on six parcels totaling approximately 42,000 square feet of LA-M2 zoned land at the southeast signalized corner of 9th St. & Stanford Ave. The property enjoys outstanding frontage, boasting approximately 200 feet along 9th St. and 235 feet along Stanford Ave, ensuring unparalleled visibility to both pedestrians and passing vehicular traffic.

The allure of this investment is further amplified by its longstanding and successful tenants, who have thrived at this location for an impressive average of 15 years, highlighting the property's enduring appeal and reliability. Currently, the buildings are fully occupied by three wholesale retail tenants, offering 14 grade level doors, 4,000 square feet of mezzanine space, and clear heights ranging from 12’ to 16’. The tenants effectively utilize the space for retail sales and storage, with all specializing in party supplies, which aligns with the vibrant theme of the surrounding area.

The subject includes secured parking in the southern portion of the site (only accessible from Stanford Ave), providing a total of 42 parking spaces in addition to ample street parking for the convenience of tenants, customers, and clients.

Strategically positioned in Downtown Los Angeles, the property is part of a pedestrian-oriented shopping district characterized by party supply wholesalers and produce markets. It also lies at the heart of the bustling Fashion District, vibrant Flower District, and thriving Arts District, establishing it as an ideal destination for commerce and creativity. Moreover, its proximity to South Park, LA Live & Crypto.com Arena further contributes to its allure, capitalizing on the energetic atmosphere and ongoing development in the area.

The location provides excellent accessibility, as the property enjoys easy access to major freeways, including the 10, 110, 101, 5, and 60, making it a desirable location for businesses and visitors alike.

Furthermore, the property's prospects are poised to benefit from the May 2023 adoption of the DTLA 2040 Plan, designed to continue the revitalization of Downtown, likely permitting mixed-use development in the subject district.

Whether you are an investor seeking a stable income stream, an owner/user looking for a strategic location to establish your business, or a developer with a vision for transformation, this property offers a myriad of opportunities. Don't miss out on this extraordinary chance to own a piece of prime Downtown Los Angeles real estate.





3 BUILDINGS TOTALING APPROX. 35,000 SF ON 6 PARCELS TOTALING 42,000 SF AT A SIGNALIZED CORNER.
AVERAGE TENANCY OF 15 YEARS!!!
SECURED ON-SITE PARKING ALONG STANFORD AVE., PLUS PLENTY OF STREET PARKING.
6.2% CAP RATE ON EXISTING INCOME!!!
OUTSTANDING FRONTAGE; APPROX. 200 FEET ALONG 9TH ST. & 235 FEET ALONG STANFORD AVE.
EXCELLENT OPPORTUNITY FOR AN OWNER/USER, INVESTOR OR A DEVELOPER.

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