1603 Flower StLos Angeles, CA 90015
- Retail properties
- 25,290 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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