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1600 S Main St 10,199 SF 100% Leased Retail Building Los Angeles, CA 90015 $6,542,778 CAD ($641.51 CAD/SF) 4.19% Cap Rate
Investment Highlights
- Prime Signalized Corner Location
- Fully Occupied, Multi-Tenant Retail Asset with stable in-place income
- Minimal Landlord Responsibilities
- Heavy Daily Traffic Exposure with approximately 20,000 vehicles per day
- Flexible M2 Zoning
- Appraised in 2025 at $5,500,000
Executive Summary
Fully occupied, multi-tenant retail property located on a prime signalized corner at S. Main Street and 16th Street. The asset features strong street visibility, heavy daily traffic, flexible M2 zoning, and minimal landlord responsibilities. Near-term lease flexibility provides owner-user and SBA potential, while existing income supports an investment hold in a highly walkable and transit-rich urban location.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
10,199 SF
Building Class
C
Year Built/Renovated
1948/2015
Price
$6,542,778 CAD
Price Per SF
$641.51 CAD
Cap Rate
4.19%
NOI
$274,367 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
LAM2 - M2 Zoning allowing a wide range of industrial, warehouse, distribution, light manufacturing, and select commercial uses.
Amenities
- Bus Line
- Signalized Intersection
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5133-014-001 | Improvements Assessment | $1,144,210 CAD |
| Land Assessment | $4,576,849 CAD | Total Assessment | $5,721,059 CAD |
Property Taxes
Parcel Number
5133-014-001
Land Assessment
$4,576,849 CAD
Improvements Assessment
$1,144,210 CAD
Total Assessment
$5,721,059 CAD
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1600 S Main St
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