1603 Flower StLos Angeles, CA 90015

  • Retail properties
  • 25,290 SF
For Sale

Property Details for 1603 Flower St

Construction
TILT-UP CONCRETE
Lot size
1.19 AC
Property size (Sq ft)
25,290 SF
Property type
Retail properties
Property subtype
Auto shops
APN
5134-008-010
APU
5134008010

Description

This exceptional retail property, located at 1603 S Flower Street in Los Angeles, CA 90015, presents a unique investment opportunity. The building offers 7,708 square feet of versatile retail space, ideally suited for a variety of commercial uses. Situated on a substantial 51,860 square foot lot, this property boasts significant potential for expansion or redevelopment. The property's zoning designation, C2-2D-O / Community Commercial, allows for a wide range of commercial activities. The expansive lot size, totaling 51,860 square feet, provides ample space for outdoor seating, parking, or future development. The property's location in Los Angeles, within Los Angeles County, places it in a high-traffic area with excellent visibility and accessibility. The Assessor's Parcel Number (APN) is 5134-008-010. This property is being offered for sale and represents a compelling investment opportunity in a thriving Los Angeles market. The total land area, including the building footprint, is 64,907 square feet (approximately 1.5 acres), offering significant potential for future development or expansion. This prime location and substantial lot size make this property an attractive proposition for discerning investors seeking a strong foothold in the Los Angeles retail market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,771,455
    6.5%
    $9,942,882
    7%
    $9,232,676
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,119,049
    Geo Method
    $12,119,049
  • Alternative Use

    Use
    Valuation
    Residential
    $8,387,193
    Hospitality
    $7,682,624
    Educational
    $6,391,852
    Medical
    $6,611,678
    Retail
    $9,942,882
1603 Flower St, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.037
Longitude
-118.27
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$409,226
$31,433,595
$1,265,035
$32,698,630
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