1359 S Hope | 1359 S Hope St
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1359 S Hope 1359 S Hope St
6,900 SF Industrial Building Los Angeles, CA 90015 $3,897,000 ($565/SF)
Investment Highlights
- Versatile Building. MOTIVATED SELLER.
- Amazing remodel. Fully Air Conditioned / Move in Ready!
- Excellent Owner-User / Investment Opportunity
- Prime DTLA location . Live/Work building
- Less than one mile from Los Angeles Flower Market, LA Live, Los Angeles Convention Center, Crypto.com Arena
Executive Summary
Welcome to 1359 Hope St, an exceptional investment opportunity located in the vibrant heart of Los Angeles. This industrial Live/Work building is the perfect addition to your real estate portfolio.Situated just a stone's throw from the renowned Crypto Arena, this property provides unparalleled convenience and access to a lively, forward-thinking community. The surrounding neighborhood thrives with energy, drawing a diverse blend of residents, entrepreneurs, and innovators. Currently home to a successful Jean Manufacturing Business, the building's unique R5 zoning allows for a versatile range of uses. Office space has been converted into a Residential Unit. 2 bedroom, 3 bathrooms. Completely gated, rear entry gates for loading/unloading. Whether you're looking to establish a creative workspace, an artist's studio, a tech startup, or a cutting-edge retail space, this property is designed to fit your vision.This property offers tremendous possibilities for growth and success! Ideal DTLA location, lots of upgrades and ready for a new owner. Motivated seller!
Property Facts
| Price | $3,897,000 | No. Stories | 1 |
| Price Per SF | $565 | Year Built/Renovated | 1927/2018 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15 FT |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.21 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 6,900 SF |
| Price | $3,897,000 |
| Price Per SF | $565 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.21 AC |
| Rentable Building Area | 6,900 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1927/2018 |
| Tenancy | Single |
| Parking Ratio | 1.45/1,000 SF |
| Clear Ceiling Height | 15 FT |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
Walk Score ®
Very Walkable (81)
Transit Score ®
Rider's Paradise (97)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 5134-012-020 | Improvements Assessment | $471,311 |
| Land Assessment | $3,181,365 | Total Assessment | $3,652,676 |
PROPERTY TAXES
Parcel Number
5134-012-020
Land Assessment
$3,181,365
Improvements Assessment
$471,311
Total Assessment
$3,652,676
zoning
| Zoning Code | R5-2D-8 (LAR5 Copy and Paste Link https://codelibrary.amlegal.com/codes/los_angeles/latest/lapz/0-0-0-2863) |
| R5-2D-8 (LAR5 Copy and Paste Link https://codelibrary.amlegal.com/codes/los_angeles/latest/lapz/0-0-0-2863) |
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1359 S Hope | 1359 S Hope St
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