305 9Th StLos Angeles, CA 90015

Property Details for 305 9Th St

Year built

1989

Construction

CONCRETE

Lot size

1.08 AC

Property size (Sq ft)

174,917 SF

Zone code

LAM2

Property type

Retail properties

Property subtype

Retail space

APN

5145-012-026

APU

5145012026

Description

This exceptional opportunity presents eight creative office suites ranging from 576 to 1,608 square feet, ideally situated in Los Angeles' vibrant Fashion District at 305 E 9th St, 90015. Located in a four-story building constructed in the 1980s, this property boasts a unique character, originally designed as fabric showrooms. The building features exposed ceilings and mostly cement flooring, with many units offering central HVAC and large windows providing ample natural light. Some units, priced at a lower price per square foot, lack windows. All units benefit from 24/7 access. Rooftop parking is available for an additional monthly fee. The building's prime location offers easy access to numerous restaurants, cafes, and bars, and is conveniently across the street from a Starbucks. Landlord is open to negotiating lease terms and may be willing to customize spaces to meet tenant needs. A minimum one-year lease is required, with longer lease terms potentially preferred by the owner. Credit score of 670+ is required, with no prior evictions or bankruptcies. Event tenants are not permitted. Showings are by appointment only. The first year's rent is a promotional rate, with subsequent years negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $75,841,752

  6.5%

  $70,007,768

  7%

  $65,007,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $83,820,784

  Geo Method

  $83,820,784

• Alternative Use

  Use

  Valuation

  Residential

  $59,054,176

  Hospitality

  $54,093,308

  Educational

  $45,004,996

  Medical

  $46,552,788

  Retail

  $70,007,768

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0401

Longitude

-118.253

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].