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705 E 9th St 16,542 SF Flex Building Los Angeles, CA 90021 $6,926,050 CAD ($418.69 CAD/SF) 4.96% Cap Rate
Investment Highlights
- Rare 65-Unit Mixed-Use Residential Hotel in the heart of Downtown Los Angeles Fashion District.
- Urban infill location benefiting from continued public and private investment.
- Significant Value-Add Opportunity with over 35% upside through strategic rent increases, operational efficiencies, and repositioning.
Executive Summary
705 East 9th Street is a mixed-use investment property located in the heart of the Fashion District within Downtown Los Angeles. The property consists of approximately 60 Single Room Occupancy (SRO) residential units and 5 street-front retail spaces. The property provides several potential paths for increasing income and long-term asset value. A new owner may implement a focused renovation and management strategy to elevate vacant and turnover units, that will command higher rental rates.
Property Facts
| Price | $6,926,050 CAD | Rentable Building Area | 16,542 SF |
| Price Per SF | $418.69 CAD | No. Stories | 4 |
| Sale Type | Investment | Year Built | 1924 |
| Cap Rate | 4.96% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 0.48/1,000 SF |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.13 AC | ||
| Zoning | LAM2 | ||
| Price | $6,926,050 CAD |
| Price Per SF | $418.69 CAD |
| Sale Type | Investment |
| Cap Rate | 4.96% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.13 AC |
| Rentable Building Area | 16,542 SF |
| No. Stories | 4 |
| Year Built | 1924 |
| Tenancy | Single |
| Parking Ratio | 0.48/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | LAM2 |
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Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5146-025-024 | Improvements Assessment | $288,352 CAD |
| Land Assessment | $76,536 CAD | Total Assessment | $364,889 CAD |
Property Taxes
Parcel Number
5146-025-024
Land Assessment
$76,536 CAD
Improvements Assessment
$288,352 CAD
Total Assessment
$364,889 CAD
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705 E 9th St
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