Retail•Street Retail•For Sale

Street Retail on Santee Alley

1154 Santee St, Los Angeles, California 90015

Sale Price $8,695,000
Zoning M2
Bldg Type Multi-Tenant
Year Built 1946
Gross Bldg 7,500 SqFt
Land Area .17 Acres
Keller Williams Realty Westside Commercial is proud to present a VERY RARE investment opportunity in the heart of the Fashion District of Downtown Los Angeles. The offering consists of a 1-story 7,500 SF retail building that consists of 6 units, which is currently 100% occupied. It is located on Santee St. with THREE of the tenants opening onto famous Santee Alley! The subject property consists of 6 tenants. The three tenants opening onto Santee Alley include: PerfumeLosAngeles.com, a company who has been in the cologne & perfume business for over 25 years; LA Jewelry House, who specializes in costume jewelry; Lola Shoetique: who, with multiple locations within the Fashion District, has separated itself from the rest and has become the "it" place for women's shoes & fashion within the area. The three tenants opening onto Santee St include: Milan Shoes, who specializes in both retail & wholesale of men's shoe's, clothing & accessories; Twenty-Six, who specializes in general merchandising geared to younger children; and tailor. This offering will attract an investor who is looking for a "pride of ownership" property with a steady income for years to come in an in-fill location, with tremendous foot traffic and excellent current cash-flow. The subject property is located in the heart of the Fashion District of Downtown Los Angeles, at the south end of Santee Alley, just one parcel north of the signalized intersection of Santee & E. 12th St. It has great exposure along both Santee St and Santee Alley. Sante Alley is considered the "go to" location for both retail & wholesale clothing for those going to the Fashion District. The immediate area provides ample street parking and city and private parking lots. The property has easy access to the 10 & 110 Harbor Freeways.
3/6/2020 9:40:46 PM 3/23/2020 11:01:38 PM
David Yashar
Director
L.A. Westside
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