DTLA Multi-Family Building For Sale

Description:

Strategically located within walking distance of LA Live, Crypto.com Arena, the Los Angeles Convention Center, the Ritz-Carlton DTLA, the proposed Element Project, USC Village, and Pico Station, this property offers unparalleled accessibility and high visibility. With seamless connectivity to the Santa Monica (I-10) Freeway and its prime position near the Figueroa Corridor BID, it stands at the heart of one of Los Angeles’ most dynamic and rapidly growing districts.

Positioned in the core of downtown Los Angeles, 1801 South Flower Street boasts unrivaled proximity to the L.A. LIVE entertainment complex, the University of Southern California (USC), Crypto.com Arena, the Los Angeles Convention Center, The Ritz-Carlton, and major freeways, the Santa Monica Freeway (I-10) and the Harbor Freeway (I-110). This 30-unit multi-family property presents a compelling investment opportunity in a high-demand submarket. Spanning approximately 24,096 square feet on an approximately 6,970-square-foot lot, the asset includes eight one-bedroom units and twenty-two studios, with a gross living area of approximately 18,072 square feet and an approximately 7,000-squarefoot basement. With a low 10% vacancy rate and all tenants on month-to-month leases, it delivers immediate cash flow stability and operational flexibility.

The property’s strategic position in the thriving Figueroa corridor drives strong tenant demand, fueled by its proximity to the L.A. LIVE entertainment complex and seamless connectivity to downtown’s top entertainment, educational, and convention hubs.

Boasting strong occupancy surrounded by iconic landmarks, 1801 South Flower Street offers significant potential for value enhancement. This asset stands as a prime acquisition opportunity within downtown Los Angeles’ competitive commercial real estate market.

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