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1153 Santee St, Los Angeles, CA 90015
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1153 Santee St Los Angeles, CA 90015

$9,500,000
  • -- Beds
  • -- Baths
  • 29,654 Sq.Ft.
For Sale
$9,500,000 Get Pre-Qualified
Map preview of 1153 Santee St, Los Angeles, CA 90015

Property Overview: 1153 Santee St Los Angeles, CA has -- bedrooms, -- bathrooms, 29,654 living square feet and 8,654 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is a REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles at 1153 Santee St on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live. Built in 1989, the subject property features 29 retail spaces throughout the four-story building as well as two cell towers on the roof; the building is currently 88% occupied and the majority of tenants are on short-term leases, allowing an investor to stabilize the asset immediately. 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood. Functional spaces with the majority between 129-1,609 SF with the exception of the fourth floor that consists of a 7,838 SF office space. Excellent walk score of 85, located a half-mile from the Metrorail lines and steps from the DASH and Metro Local bus lines; easy access to the 10 & 110 Freeways. The Fashion District continues to be the heart of commercein Downtown Los Angeles with local businesses thriving inthe neighborhood; the area has also benefited from expandedresidential development in Downtown LA.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 42
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Home details

Lot Sq. Ft
8,654
HOA Dues
$0/mo
Year built
1989
Garage
--
Property Type:
Other
Status
Active
MLS#
24393039
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.66%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $632,646
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1153 Santee St

Lot Details / Garage and Parking
Property Information
  • Parcel Number: 5145021028
Location / Neighborhood
Location Information
  • Directions: Located in the heart of the Fashion District in Downtown Los Angeles at1153 Santee St on the corner of E 12th St & Santee St.
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Sale History for 1153 Santee St

Last sold for $1,482,000 on June 3rd, 2015

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: 24393039

    $9,500,000

    Price

  • June, 2015

  • Jun 3, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,482,000

    Price

  • April, 2006

  • Apr 7, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1153 Santee St

Assessed Value (2020): $8,160,717
Year Land Value Improved Value Assessed Value
2020 $4,725,436 $3,435,281 $8,160,717

Home Value Compared to the Market

This property vs the competition

1153 Santee St is listed 660.61% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $320.36 per/sqft which puts the price per square foot 58.61% lower than the median price per square foot for the city of Los Angeles.

About 1153 Santee St

Detailed summary of property

1153 Santee St is a other located in Los Angeles, CA 90015 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 29,654 living square feet, and sits on an approximately 8,654 square foot lot. 1153 Santee St was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $9,500,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 660.61% higher than the median priced home. Local competing homes currently for sale include 9150 Hyssop Dr, 2234 W Glen Helen Rd and 6510 Box Springs Blvd. While the average home in Los Angeles, CA is selling in 95 days, 1153 Santee St has a days on market of 42 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 1153 Santee St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1153 Santee St

Public county record property details
Beds
--
Baths
--
Year built
1989
Sq. Ft.
29,654
Lot Size
8,624
Stories
1
Type
Store/Office (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5145-021-028

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$789,000
Median List Price/Sq.Ft.
$723
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
82
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (27.27%), Other (18.18%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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