1120 GrandLos Angeles, CA 90015

Property Details for 1120 Grand

Year built

1966

Lot size

1.49 AC

Property size (Sq ft)

640,000 SF

Zone code

LAR5

Property type

Parking lots & garages

APN

5139-020-024

APU

5139020024

Description

This exceptional retail opportunity in Los Angeles' vibrant South Park neighborhood offers a total of 5,314 square feet of space, currently entirely vacant and ready for immediate occupancy. The property, located at 1120 S Grand Ave, zip code 90015, is ideally suited for a variety of uses, including but not limited to shops, pet stores, experiential retail, entertainment venues, golf simulators, cafes, flower shops, recreational stores, fitness studios, and coffee shops. The space is divisible, with a minimum leasable area of 1,814 square feet and a maximum contiguous space of 3,500 square feet. The property boasts 200A power. The building's design prioritizes user experience, featuring lush landscaping, canopy overhangs along Grand Avenue and 12th Street, and connectivity to a public park. Expansive storefronts with high ceilings and additional sidewalk seating are designed to attract and engage customers. This location provides excellent visibility and accessibility within a thriving community. The property is situated in the South Park submarket of Los Angeles, California. This is a unique chance to establish a business in a highly desirable and well-designed retail environment. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $277,495,744

  6.5%

  $256,149,904

  7%

  $237,853,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $306,690,048

  Geo Method

  $306,690,048

• Alternative Use

  Use

  Valuation

  Residential

  $216,072,032

  Hospitality

  $197,920,816

  Educational

  $164,667,792

  Medical

  $170,330,976

  Retail

  $256,149,904

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0404

Longitude

-118.262

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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