501 11Th StLos Angeles, CA 90015

This exceptional 16,105-square-foot retail property, located at 501 E 11th St, Los Angeles, CA 90015, presents a unique investment opportunity. Situated on a 19,980-square-foot lot in the heart of the Fashion District, at the corner of 11th and Wall Streets, this multi-tenant building boasts 13 units, currently operating under a gross lease structure. The property features 48 parking spaces conveniently located on the rooftop. Constructed in 1969, the building is zoned M2-2D. Currently, several units are occupied on month-to-month leases, with some vacancies and a few units utilized as warehouses at below-market rates. This presents a compelling opportunity for an owner-user seeking a showroom space, particularly given the potential for future zoning changes and significant land value appreciation. The property's prime location within a predominantly retail/wholesale area offers strong potential for future development and increased rental income. The APN is 5145-019-020. This is a rare chance to acquire a substantial retail asset in a thriving Los Angeles market. The asking price is $9,000,000.