819 Santee StLos Angeles, CA 90014

Property Details for 819 Santee St

Year built

1925

Construction

TILT-UP CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

95,740 SF

Zone code

LAM2

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

5145-013-023

APU

5145013023

Description

This exceptional 892-square-foot retail space is ideally situated at 819 Santee Street, Suite #111, in the vibrant Los Angeles Fashion District. The property is a single-tenant unit located on the ground floor of a live-work loft building, offering excellent street visibility and accessibility. The building itself is surrounded by a thriving community of offices and design firms, ensuring high foot traffic and a dynamic atmosphere. This location provides unparalleled access to the area's bustling commercial activity. The space is currently vacant and ready for immediate occupancy. Importantly, the property is permitted for food use, although it does not include a hood system. This presents a unique opportunity for a variety of food-related businesses or other retail ventures seeking a prime location in a high-demand area. The address is 819 Santee Street, Los Angeles, California, 90014, within Los Angeles County. The property's convenient location and versatile zoning make it an attractive investment opportunity for discerning entrepreneurs. The total square footage is 892 square feet, all of which is currently vacant. This presents a blank canvas for a business to customize and design to their specific needs. The property is classified as commercial retail.

• CAP approach

  CAP return

  Valuation

  6%

  $35,016,612

  6.5%

  $32,323,026

  7%

  $30,014,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,219,174

  Geo Method

  $28,219,174

• Alternative Use

  Use

  Valuation

  Residential

  $32,323,026

  Hospitality

  $29,607,718

  Educational

  $24,633,274

  Medical

  $25,480,450

  Retail

  $38,318,424

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0412

Longitude

-118.252

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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