1001 Hill StLos Angeles, CA 90015

Property Details for 1001 Hill St

Year built

1922

Construction

TILT-UP CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

11,561 SF

Zone code

LAR5

Property type

Retail space

APN

5139-012-001

APU

5139012001

Description

This exceptional 4,512 square foot retail property, located at 1001 S Hill St in Los Angeles, CA 90015, presents a compelling investment opportunity. Situated on a prominent corner lot spanning 0.34 acres, this Class C building offers significant potential for redevelopment or continued operation as a retail space. Built in 1922, the single-story structure boasts a desirable location in the heart of Downtown Los Angeles. The asking price is $8,000,000, representing a 1.58% capitalization rate. The property's prime location at the intersection of 11th and Hill Streets provides excellent visibility and accessibility. Given the seller's motivation, all offers are being considered. This presents a rare chance to acquire a well-positioned retail asset in a thriving urban environment. The substantial lot size allows for various development possibilities, making it an attractive prospect for investors seeking a strong return on investment or developers envisioning a mixed-use project. The property's history and location combine to create a unique opportunity in a dynamic and rapidly evolving market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,795,480

  6.5%

  $3,503,520

  7%

  $3,253,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,286,380

  Geo Method

  $2,286,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,714,180

  Mixed-Use / Specialty

  $3,538,730

  Hospitality / Lodging

  $2,658,350

  Office

  $3,567,380

  Institutional / Educational

  $3,695,900

  Residential Income

  $4,324,200

  Multifamily

  $4,921,800

  Automotive / Energy

  $3,167,910

  Parking / Income-Based Land

  $1,046,090

  Restaurant / Food Service

  $1,942,310

  Healthcare / Senior Housing

  $3,579,990

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0416

Longitude

-118.259

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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