1111 Hope StLos Angeles, CA 90015
- Retail properties
- 164,860 SF
Property Details for 1111 Hope St
- Year built
- 1999
- Construction
- CONCRETE
- Lot size
- 0.90 AC
- Property size (Sq ft)
- 164,860 SF
- Zone code
- LAR5
- Property type
- Retail properties
- Property subtype
- Parking lots & garages
- APN
- 5138-014-112
- APU
- 5138014112
Description
This exceptional 1,500 square foot retail space is ideally situated in the vibrant South Park submarket of Downtown Los Angeles, at 1111 S Hope St, near the intersection of W 11th St. The space, previously a medical spa, features a reception area, private bathroom, clinic rooms equipped with sinks and cabinets, and stylish exposed ceiling with modern lighting. The building, a Class B property constructed in 1999 and renovated in 2017, offers a total of 186,610 square feet across five stories. Ample parking is available for both visitors and tenants in the building's 400-space parking structure. This prime location boasts high visibility and foot traffic, situated directly across from Prank Bar and adjacent to the Palm Restaurant, with Javier's and Mastro's Steakhouse just a block away. The property benefits from a R5 zoning designation and sits on a 0.9-acre lot (39,204 square feet), with a building floor area ratio (FAR) of 4.21. Join established tenants including H&R Block, the soon-to-open Culturas Restaurant, and the Tan Spa. The property's APN is 5138-014-112. This is a multi-tenant building with one building and elevators. This opportunity is perfect for a variety of retail uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $71,481,168
- 6.5%
- $65,982,616
- 7%
- $61,269,572
-
Comparable approach
- Method
- Valuation
- Relative Method
- $79,001,440
- Geo Method
- $79,001,440
-
Alternative Use
- Use
- Valuation
- Residential
- $55,658,804
- Hospitality
- $50,983,164
- Educational
- $42,417,396
- Medical
- $43,876,196
- Retail
- $65,982,616
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0421
- Longitude
- -118.264
- 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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