1827 Hope StLos Angeles, CA 90015

Property Details for 1827 Hope St

Year built

1922

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

7,200 SF

Zone code

LAM2

Property type

Retail properties

Property subtype

Retail space

APN

5126-011-006

APU

5126011006

Description

This 7,200-square-foot single-tenant industrial flex space, built in 1922, presents a unique opportunity in Los Angeles' vibrant South Park District. The building boasts a 16-foot ceiling height, creating an expansive and versatile interior. The layout includes an open area, private rooms, and a kitchen, perfect for a variety of creative uses (excluding retail). The property features full HVAC, abundant natural light from skylights, and a blend of concrete, hardwood, and exposed red brick flooring, adding character and charm. With one drive-in door and a 50-foot frontage, loading and accessibility are convenient. Ample street parking is readily available nearby. Its strategic location just south of the Santa Monica (I-10) Freeway provides easy access to major transportation arteries. The property is also conveniently situated a half-block north of Los Angeles Trade Tech College and the Metro Blue Line Light Rail Station, offering excellent public transportation options. Furthermore, its proximity to the Los Angeles Convention Center adds to its appeal. The property is zoned LA M2-2 within Los Angeles County, and the address is 1827 S Hope St, Los Angeles, CA 90015.

• CAP approach

  CAP return

  Valuation

  6%

  $3,066,606

  6.5%

  $2,830,714

  7%

  $2,628,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,450,263

  Geo Method

  $3,450,263

• Alternative Use

  Use

  Valuation

  Residential

  $2,387,813

  Hospitality

  $2,187,224

  Educational

  $1,819,744

  Medical

  $1,882,328

  Retail

  $2,830,714

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0342

Longitude

-118.27

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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