222 Main StLos Angeles, CA 90012

Property Details for 222 Main St

Year built

2017

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

223,783 SF

Zone code

LAC2

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

5161-026-040

APU

5161026040

Description

This exceptional 2,386 square foot single-tenant retail space is ideally situated in the heart of Los Angeles' Little Tokyo at 222 Main St, zip code 90012. Located in Los Angeles County, California, this property presents a unique opportunity for a restaurant or storefront business seeking high visibility and a vibrant customer base. Little Tokyo's eclectic mix of eateries and diverse population ensures a strong potential for success. The property benefits from convenient access to major freeways and public transportation, enhancing its accessibility and appeal. Its strategic location near key districts like the Arts and Financial District further amplifies its desirability. The high residential density, characterized by a mix of modern apartments and luxury condos, creates a captive market for retail and service businesses. This property is designed to support and enhance your business, offering prime real estate in an area known for its high visibility and energetic atmosphere. The property's location within a dynamic enclave that harmoniously blends cultural heritage and contemporary living makes it an exceptional investment opportunity. This single-tenant space provides ample room for a variety of businesses to thrive in this thriving neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $81,847,944

  6.5%

  $75,551,952

  7%

  $70,155,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,959,592

  Geo Method

  $65,959,592

• Alternative Use

  Use

  Valuation

  Residential

  $75,551,952

  Hospitality

  $69,205,176

  Educational

  $57,577,896

  Medical

  $59,558,088

  Retail

  $89,565,616

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0501

Longitude

-118.244

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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