1603 Flower StLos Angeles, CA 90015

Property Details for 1603 Flower St

Construction

TILT-UP CONCRETE

Lot size

1.19 AC

Property size (Sq ft)

25,290 SF

Property type

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.

• 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

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